UNCAC Resolution regarding high value assets

On 6-10 November 2017, the United Nations Office on Drugs and Crime conducted the “Conference of the States Parties to the United Nations Convention Against Corruption” (UNCAC).

The first resolution adopted by the Conference – Strengthening mutual legal assistance for international cooperation and asset recovery – was put forth by Transparency International.

This resolution urges States parties to:

  • Increase their efforts to prevent and counter corruption, thereby contributing to the achievement of the Sustainable Development Goals.
  • Establish effective financial disclosure systems for public officials.
  • Identify the legal and natural person beneficiaries of trusts and shell companies. The return of stolen assets is a fundamental principle of the Convention.

Transparency International New Zealand joins the UNCAC group in encouraging the participation of individuals, civil society, non-governmental organisations, community-based organisations and private sector to join forces in the prevention of and the fight against corruption.

See Report of the 7th session of the Conference of the States Parties to the United Nations Convention against Corruption.

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