Transparency International (TI), the global anti-corruption organisation, welcomes the Group of 20’s recognition of a need for swift anti-corruption action in its Toronto Summit communiqué.
LÆNGE VENTET
– For the last two years, our movement has been calling for reforms that put transparency and accountability front and centre. The G20 leaders have sent an unequivocal signal that a sound financial system hinges on strong measures to prevent corruption, said Huguette Labelle, Chair of Transparency International.
With its particular emphasis on transparency in the international financial system and anti-money laundering, the statement by Summit leaders states that,
– corruption threatens the integrity of markets
– undermines fair competition,
– distorts resource allocation
– destroys public trust
– undermines the rule of law.
STORE FORVENTNINGER
Another welcome development is the G20’s commitment to the ratification and full implementation of the UN Convention against Corruption by all G20 members.
The convention is the most comprehensive global legal framework that sets standards and requirements for preventing, detecting, investigating and sanctioning corruption.
TI (Transparency International) and its more than 90 chapters around the world will continue to monitor the implementation of this landmark international treaty, in line with the role set out for civil society according to the convention.
