The B20 stands for “Business 20.” It is the voice of global business in the political discussions held by the Governments of the twenty, economically strongest developing and developed, countries, the “G20
Entries in G20 Anti-Corruption Action Plan (5)
The FIFA scandal reminds us that corruption remains embedded right at the top of some of the world’s institutions. And it’s not only FIFA: the almost daily reports of fines for the major Western banks for failing to prevent money laundering, or for foreign exchange and interest rates manipulation -- crimes dating back to the financial crisis -- show the extent to which corruption is part of the normal operating mode of transnational institutions, whether public or private.
In his call for the establishment of an international anti-corruption agency during last week’s Economic Crime Conference in Cambridge, UK (“We must create a global force to fight corruption”), Alexander Lebedev put forward some convincing arguments about how putting a stop to corruption will have huge benefits for the economy and society. He’s right -- getting governments to work together to enforce the law more rigorously is a critical part of achieving that.
As the G20 Anti-Corruption Working Group meets in 2014 under the chairmanship of Australia, it is important that the countries make progress on their commitments detailed in the 2013-2014 G20 Anti-Corruption Action Plan.
The Anti-Corruption Ethics and Compliance Handbook for Business is ready, and its authors at the Organisation for Economic Co-operation and Development (OECD), The United Nations Office on Drugs and Crime (UNODC) and the World Bank hope it provides helpful guidance in the global effort to eradicate corrupt practices.