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

 

South Sudan: UN Agencies Reach More Than Half A Million

South Sudan: UN Agencies Reach More than Half a Million People with Life-Saving Aid More>>

Israeli Plans To Expand Its Illegal Settlement Enterprises

PLO Executive Committee member, Dr. Hanan Ashrawi, strongly denounced Israeli plans to expand its illegal settlement enterprise by approving the construction of 2,561 units in the settlement of Givat Hamatos. More>>

ALSO:

Ecuador: Villagers Plan To Seize Chevron's $106M Arbitral Award

QUITO, ECUADOR, Sep. 30 /CSRwire/ - In what could be a huge boost to their campaign to force Chevron to comply with a $9.5 billion environmental judgment in Ecuador, rainforest villagers plan to enforce a court order directing them to take possession ... More>>

World Grossly Ill-Prepared To Deal Ebola Outbreak

Leaders from Sierra Leone and Liberia, the two countries, along with Guinea at the frontlines of the battle against the unprecedented Ebola outbreak in West Africa, urged the General Assembly today ensure the United Nations mounted a stronger, better coordinated response “to end this grave threat to our collective survival.”More>>

ALSO:

  • Save The Children - Save the Children Builds Its First Ebola Treatment Centre


  • Israel’s Netanyahu Warns Against ‘Militant Islam’

    29 September 2014 – From the podium of the General Assembly today Israeli Prime Minister Benjamin Netanyahu warned the world of the grave threat he said it faced from militant Islam’s desire to dominate the planet, be they Sunni extremists or ... More>>

    Deputy PM of Syria Victims Of ISIL Brutality 'Waiting On Us To Act'

    As the Islamic State in Iraq and the Levant (ISIL) militant began carrying their slaughter in the Middle East, “they might have surprised many of the countries present here, but not…us,” the Deputy Prime Minister of Syria told the United Nations General Assembly, underscoring today that the time has come for the world to stand united and tackle the threat head-on.More>>

    Not A Single Child Untouched By Recent Gaza Conflict

    There is not a single child who has not been adversely affected by the recent conflict in Gaza, where children suffer from bedwetting, difficulties in sleeping, nightmares, a loss of appetite, and display more aggressive behaviour at school, an independent United Nations human rights expert said todayMore>>


    Ebola: UN Readies To Start Work As Death Toll Surpasses 3,000

    Ebola response: medical supplies, including protective equipment and essential medicine, are loaded onto trucks at the Lungi International Airport in Freetown, capital of Sierra Leone. Photo: UNICEF/Sulaiman Stephens More>>

    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news