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

 

The White House: Charting A New Course On Cuba

We are separated by 90 miles of water, but brought together through the relationships between the two million Cubans and Americans of Cuban descent that live in the United States, and the 11 million Cubans who share similar hopes for a more positive future for Cuba. More>>

ALSO:


Journalist Most Recent Victim Of Israeli Military

Bashar, a journalist from Palestine TV, was shot in the left leg at Kufr Qaddum on Friday the 5th of December 2014. More>>

ALSO:

  • Palestinian Centre For Human Rights - Swiss government’s bid to convene a summit on Palestine
  • UN News - UN-backed reconstruction efforts continue in Gaza
  • UNICEF Mobilizes To Reach People Affected By Typhoon

    As Typhoon Hagupit wreaks havoc through the Philippines, UNICEF is acting quickly to support the Filipino government’s response to the emergency, providing lifesaving supplies and services for children and women in the areas hardest hit by cyclone-force ... More>>

    ALSO:

  • FAO - FAO praises government for early typhoon warnings
  • Security Council Demands End To LRA Attacks In Africa

    A Congolese refugee at an emergency school in Obo, Haut-Mbomou, Central African Republic, (CAR) after fleeing attacks by the Lord’s Resistance Army (LRA). Photo: OCHA/Lauren Paletta More>>

    UN Condemns Botswana’s Treatment Of Bushmen

    The UN Special Rapporteur on cultural rights has voiced concerns over Botswana's evictions of the Bushmen in the name of wildlife conservation. The United Nations’ Special Rapporteur on cultural rights has condemned Botswana’s treatment of Africa’s ... More>>

    UN Congratulates Frontline Ebola Response Workers

    10 December 2014 – The United Nations today congratulated the front line workers in the field battling Ebola on their well-deserved recognition as Time “Person of the Year,” while countries affected by the outbreak and their partners met to ... More>>

    ALSO:

    World United States: US Must Now Recover Moral High Ground In Torture Allegations

    Mr. Juan Mendez, Special Rapporteur on Torture, Cruel, Inhuman or Degrading Treatment or Punishment. UN Photo/Rick Bajornas More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news