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G20 Stresses Importance of Int’l Cooperation in Fighting Corruption

G20 Stresses Importance of Int’l Cooperation in Fighting Corruption

Thursday, 22 October, 2020 - 19:00

The Group of 20 major economies stressed on Thursday that international cooperation is essential to the probe and prosecution of transnational corruption cases.


The G20 ministers with responsibilities for preventing and combating corruption met under the Saudi Presidency to discuss their commitments.


They said in a communique following their virtual meeting that “international cooperation is essential to the investigation and prosecution of transnational corruption cases, including those involving the recovery of proceeds of crime.”


The ministers said they were committed “to enhancing case investigation, communication and experience-sharing in this area.”


They also stressed commitment “to effectively implementing, and as necessary, take additional measures to prevent the misuse of legal persons and arrangements for money laundering or terrorist financing, including where corruption is the predicate offence.”


They pledged that each G20 state has a law in force to criminalize bribery, including bribery of foreign public officials and to bolster efforts to effectively prevent, investigate and prosecute domestic and foreign bribery.


The ministers also said they would pursue a comprehensive anti-corruption agenda.


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