World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Net tightened on Asia-Pacific corruption with network launch

Net tightened on Asia-Pacific corruption with network launch

Issued by the First APEC Network of Anti-Corruption Authorities and Law Enforcement Agencies (ACT-NET) Meeting

Beijing, China, 17 August 2014 – Anti-corruption authorities and law enforcement agencies from the 21 APEC economies have opened a ground-breaking new channel for the exchange of sensitive case information, significantly enhancing their ability to combat large scale corruption and bribery affecting the Asia-Pacific market.

Officials shared detailed insights into on-going criminal investigations and prosecutions for the first time on an APEC-wide basis during the inaugural meeting of the APEC Network of Anti-Corruption Authorities and Law Enforcement Agencies, or ACT-NET, which just concluded in Beijing. A secretariat, to be initially hosted by China, will manage information-sharing in an institutional capacity.

“As domestic anti-corruption efforts intensify, corrupt officials flee abroad and remain at large by taking advantage of legal differences between our jurisdictions,” said Fu Kui, Vice Minister of China’s National Bureau of Corruption Prevention. “This is a serious challenge to each economy’s rule of law.”

“By building a multilateral platform to strengthen work-level exchange and case cooperation, and expand channels for anti-corruption and law enforcement partnership, we could cut off the escape route of corrupt fugitives,” Fu explained.

ACT-NET will deepen the exchange of legal procedures and investigative techniques used to pursue corrupt officials and assets, and fight business bribery. It also affords opportunities to share successful cross-border law enforcement cases and develop future joint projects and capacity building measures.

“Criminals don’t stop at borders,” said US Ambassador to China Max Baucus. “So we must work together to stop them and fight graft internationally as well.”

“Whether it is bribery, embezzlement, or the misuse of public funds, corruption is corrosive,” he noted. “It scares investors and stifles economic growth. It decreases investment and trade. And that costs jobs for people in all of our economies.”

Each year, corruption costs economies globally more than USD2.6 trillion, or five per cent of total gross domestic product, according to the World Bank. It is also estimated to increase the cost of doing business by more than ten per cent.

APEC economies agreed to establish a network of anti-corruption and law enforcement authorities last year in Indonesia to stamp out these damaging side-effects.

“The establishment of this network is timely and crucial for APEC,” concluded Atty Novyanty, Senior Prosecutor at Indonesia’s Corruption Eradication Commission. “The trust and relationships that we build together will encourage a more open exchange of information and reduce dependence on formal cooperation or mutual legal assistance approaches for stronger, more effective law enforcement measures.”

ends

© Scoop Media

 
 
 
 
 
World Headlines

 

UN Health Agency Responds To Ebola Spike

UN health agency responds to Ebola spike by deploying team on border of Guinea and Guinea-Bissau More>>

UN Casts Israel As World's Worst Violator Of Health Rights

Israel's army team of medics recently treated 1,600 victims of the Nepal earthquake. More>>

W Thousands Flee Syria’s Besieged Historic City Of Palmyra

As thousands flee Syria’s besieged historic city of Palmyra, UN refugee agency readies response plan More>>

UN Agency To Halt Housing Allowance For Palestine Refugees

Lack of funds forces UNRWA to suspend cash assistance for housing for Palestinian refugees from Syria in Lebanon. Photo: UNRWA/Shafiq Fahed More>>


Bangkok: International Day Against Homophobia, Transphobia, Biphophia

BMA, UN, embassy representatives, civil society and artists stand united with LGBTI Thais on International Day against Transphobia, Homophobia, and Biphobia (IDAHOT) at Bangkok Art and Culture Centre More>>

Displaced Iraqis Face Difficulties As Fighting Continues

UNHCR is concerned about the processing arrangements in place at the Bzabz bridge – a series of pontoons across the Euphrates River which marks the boundary between Anbar province and the capital, Baghdad. Photo: UNHCR/G. Ohara More>>

UNESCO Chief Condemns Killing Of Bangladeshi Blogger

Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), Irina Bokova. UN Photo/Devra Berkowitz The head of the United Nations agency with a mandate to defend freedom of expression and press freedom worldwide today voiced ... More>>

Philadelphia: Train Crash

Five people have been confirmed dead and more than 136 people injured after an Amtrak train crashed in Philadelphia today at 9.20pm local time.More>>

UN News: Alarming Surge In Bay Of Bengal Crossings

The number of irregular migrants crossing the Bay of Bengal has almost doubled over the past year amid a dangerous uptick in human smuggling and trafficking across the region, according to a new report from the United Nations refugee agency. More>>

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news