G-20 anti-corruption working group
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Union Minister addresses the 1st ever Ministerial Meeting of G-20 Anti-Corruption Working Group.
India is committed to the policy of zero tolerance against corruption and unaccounted money.
- The G20 Meeting focused upon combating the serious emerging challenges of Fugitive Economic Offenders and Assets which flee across national jurisdiction.
- India’s Fugitive Economic Offenders Act, 2018 empowers authorities for non-conviction-based attachments and confiscation of proceeds of crime and properties as well as assets of a Fugitive Economic Offender.
- The India’s Prevention of Corruption Act, 1988, amended in 2018 to introduce a number of new provisions including criminalizing the act of giving bribe also in addition to taking bribe and at the same time putting in place an effective deterrence for such actions by individuals as well as corporate entities.
- The present Act aims at checking corruption in big places and striking hard against corporate bribery. It seeks to establish a vicarious liability so that the actual bribe giver is also exposed.
- The commitment of the government, is to bring in more transparency, more citizen centricity and more accountability in governance. This is indicated by the initiative to operationalize the institution of the Lokpal in the country to check corruption at high places.
G20 Anti-Corruption Working Group’s (ACWG)
- In June 2010 at the Toronto Summit, the G20 Anti-Corruption Working Group’s (ACWG) was set up.
- Its primary goal is to prepare "comprehensive recommendations for consideration by leaders on how the G20 could continue to make practical and valuable contributions to international efforts to combat corruption".
- The ACWG has led the G20 anti-corruption efforts coordinating the collective and national actions taken by its members. The ACWG actively works with the World Bank Group, the OECD, the UNODC, the IMF, the FATF, as well as with the Business 20 (B20) and the Civil Society 20 (C20).