The G-20 Summit today pledged to share information and increase international cooperation to combat the menace of corruption.
"We will continue to develop and strengthen frameworks to facilitate cooperation among G-20 member-countries in the fight against corruption," the G-20 Leaders' Declaration said.
"We have established a G-20 network to share information and cooperate in order to deny entry to our countries by corrupt officials and those who corrupt them, in accordance with national laws and regulations," it said.
To enhance international collaboration in the investigation and prosecution of corruption offences as well as in the recovery of proceeds of corruption, the heads of 20 developed and developing nations endorsed the High-Level Principles on Mutual Legal Assistance.
Noting that corruption severely impedes sustainable economic growth and poverty reduction, it said this "can threaten financial stability and the economy as a whole."
Corruption is corrosive, destroying public trust, distorting the allocation of resources and undermining the rule of law, it said.
The leaders reiterated the determination to combat domestic and foreign bribery, as well as solicitation, and to endorse the non-binding 'Guiding Principles on Enforcement of the Foreign Bribery Offence and the Guiding Principles to Combat Solicitation.'
The leadership of the grouping renewed their commitment to ensure independence of the judiciary, share best practices and enforce legislation to protect whistleblowers, ensure the effectiveness of anti-corruption authorities free from any undue influence and promote the integrity of public officials.
The declaration placed a high value on implementing and raising awareness about effective anti-corruption education programs to build and reinforce a culture of intolerance towards corruption.
It extended support to the work of the Financial Action Task Force (FATF) in the anti-corruption field.
"Leveraging anti-money laundering (AML) or countering the financing of terrorism (CFT) measures to fight corruption will remain a significant area of growing cooperation between anti-corruption experts of the G-20 and FATF as well as increasing cooperation against tax crimes, addressing the risks posed by tax havens," it said.
While welcoming the progress made by the G-20 Anti-Corruption Working Group in implementing its 2013-14 Action Plan, it said the fight against corruption will require sustained, concerted effort.
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