Search results
Results from the WOW.Com Content Network
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.
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 ...
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.
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 ...
A forerunner definition was by the 1997 OECD Anti-Bribery Convention aimed at reducing corruption, which came into force February 1999; it used the term foreign official. The designation "politically exposed person" dates back to the late 1990s, in what was known as the "Abacha Affair."
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.
United Nations Convention against Corruption Demonstration in Washington, DC. Politicians receive campaign contributions [21] and other payoffs from powerful corporations, organizations or individuals in return for making choices in the interests of those parties, or in anticipation of favorable policy, also referred to as lobbying.
1. Corruption as an economic, social and political problem. Corruption's specific features in economies in transition. 2. Corruption and rent-seeking behavior. Basic model of rent-seeking and its research. Problem of rent's dissipation. 3. Static and dynamic models of Rent-seeking. Cases of pure and mixed public goods. 4.