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The United Nations Convention Against Corruption (UNCAC) is the only legally binding international anti-corruption multilateral treaty.Negotiated by member states of the United Nations (UN) it was adopted by the UN General Assembly in October 2003 and entered into force in December 2005.
The Fiji Independent Commission Against Corruption (FICAC) is the country's mandated law enforcement agency to investigate and prosecute public sector corruption, as well as educate society on understanding and reporting corruption. It was established by the FICAC Act No 11 of 2007, [1] and began operations in April of the same year.
The UNCAC states that the conflict of interest is a criterion which determines what information should be disclosed [citation needed].The Organisation for Economic Co-operation and Development (OECD) defines conflict of interest as "a conflict between the public duty and private interests of a public official, in which the public official has private-capacity interests which could improperly ...
Chapter V of the United Nations Convention against Corruption (2003) makes clear that Asset Recovery is an international priority in the fight against corruption. International asset recovery is any effort by governments to repatriate the proceeds of corruption hidden in foreign jurisdictions. Such assets may include monies in bank accounts ...
United Nations Convention against Corruption. The Foreign Corrupt Practices Act (FCPA, USA 1977) was an early paradigmatic law for many western countries i.e. industrial countries of the OECD. There, for the first time the old principal-agent approach was moved back where mainly the victim (a society, private or public) and a passive corrupt ...
Specific laws that punish corruption include the country's Penal Code, which criminalizes bribery, embezzlement, and other forms of graft and corruption. [5] Cape Verde is also part of several international anti-corruption conventions such as the United Nations Convention against Corruption (UNCAC). Its commitments to these treaties have led to ...
The main objective of the organization is to promote the effective implementation of the UN Convention Against Corruption, adopted by the United Nations General Assembly on 31 October 2003, and to assist anti-corruption authorities in the world in preventing and fighting against corruption. Currently, over 160 ACAs from different countries and ...
UNCAC has a broader scope than the OECD Anti-Bribery Convention, as it does not exclusively focus on public officials but includes inter alia corruption in the private sector and non-bribery corruption, like e.g. money laundering and abuse of power.