Anti-corruption
26/10/2012

ADB/OECD Anti - Corruption Initiative for Asia and the Pacific and Government Inspectorate of Viet Nam

Asia-Pacific Governments Commit to Tackling Financial Aspects of Corruption

Hanoi, Viet Nam (24 October 2012) – Thirty Asia-Pacific economies, supported by the Asian Development Bank (ADB) and the Organisation for Economic Co-operation and Development (OECD), have agreed to strengthen their asset disclosure systems, stop the use of their financial systems for corruption, and ensure that they are able to trace and recover the proceeds of corruption. 
Meeting in Hanoi, Viet Nam, participants at the 11th Regional Seminar of the ADB/OECD Anti-Corruption Initiative for Asia and the Pacific agreed to several measures including:

Establishing effective and comprehensive asset disclosure systems to manage conflict of interest and illicit enrichment of public officials, including those who administer public funds;

Streamlining administrative and legal processes with new technology to support effective verification and/or review of disclosures;

Sanctioning those who make false or incomplete declarations to strengthen the credibility of asset disclosure systems and the accountability of declarants;

Ensuring adequate expertise and resources to trace new methods of hiding the proceeds of corruption; and Strengthening information-sharing in investigations nationally and internationally.

“Corruption is a financial crime by nature. Clarifying the origins of financial flows and the transparency of the assets of public officials is thus essential to controlling and driving back corruption”, reiterated H.E. Mr. Tran Duc Luong, Deputy Inspector General, Government Inspectorate of Vietnam, who chaired the Seminar.

The Government Inspectorate of Vietnam also hosted the Initiative’s 17th Steering Group meeting on 22-23 October, which included a consultation session with civil society, the private sector and media.

The full text of the Seminar’s conclusions is available online at: www.oecd.org/corruption/asiapacific.

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About the ADB/OECD Initiative for Asia and the Pacific

The Initiative was established in 1999 to help governments in the Asia-Pacific region meet international anti-corruption standards. Its Anti-Corruption Action Plan for Asia and the Pacific sets out the goals and standards for fighting corruption in the region. To date, 30 countries and economies from Asia and the Pacific have endorsed the Plan and agreed on implementation mechanisms to achieve its standards. The Plan encourages effective and transparent public services, strong anti-bribery actions, and integrity in business operations. It supports the objectives of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and the United Nations Convention against Corruption (UNCAC).

Member countries and economies include: Australia; Bangladesh; Bhutan; Cambodia; the People’s Republic of China; the Cook Islands; Fiji; Hong Kong, China; India; Indonesia; Japan; Kazakhstan; the Republic of Korea; the Kyrgyz Republic; Macao, China; Malaysia; Mongolia; Nepal; Pakistan; Palau; Papua New Guinea; the Philippines; Samoa; Singapore; Solomon Islands; Sri Lanka; Thailand; Timor-Leste; Vanuatu; and Viet Nam.

 More information about the Initiative is available online at: www.oecd.org/corruption/asiapacific

 For further information, contact:

 ADB

Sandra Nicoll

Director

Public Management, Governance and Participation Division

Regional and Sustainable Development Department

Tel: +63-2 632 5318

snicoll@adb.org

OECD

William Loo

Manager

Asia-Pacific Programme

OECD Anti-Corruption Division

+33 (0)6 17 18 22 95

william.loo@oecd.org