Wednesday, Apr 23rd

Last update:23-04-2014 13:00

Italy: Citing Mafia Financial Troubles, Jailed Boss Says “Get A Real Job”
Italy’s economic crisis is hitting the Sicilian Mafia as well, say law enforcement officials in Palmero, Sicily.
Russia: CEO of ‘Russian Facebook’ Says He Was Ousted
Pavel Durov, the CEO of Russia’s most popular social media site Vkontake (VK), said on Monday that he was ousted by...
Mexico: Councilmen Describe Life of Fear Under Knights Templar
Councilmen from Michoacan have recounted life under a mayor who was in cahoots with Mexico's Knights Templar criminal...
Caribbean: Cocaine Trafficking Continues Rise Say US Officials
The proportion of drugs trafficked through the Caribbean has more than tripled in the space of five years, according to US...
India: Election Officials Seize Cash and Drugs Used To Buy Votes
Since March 5, Indian election officials have seized US$ 36 million, 2.7 million liters of alcohol, and 100 kilograms of heroin...
Former President Had Big Plans
By Kateryna Kapliuk, Would you like to stay in the Kyiv hotel of...
Ukraine: The "Family" Business of a Mezhygirya Contractor
By Maksym Opanasenko (Bureau of journalistic investigations “Svidomo”)...
Arkan, Bojović Associate Murdered
Rade Rakonjac, Arkan's murdered former bodyguard  By Stevan Dojčinović ,...
How Kurchenko's offshores worked
By Anna Babinets People who used to know young billionaire-in-exile Serhiy...
The Silent Looting of Russia
Dmitry Klyuev (left) and Andrei Pavlov (right) at an OSCE meeting in Monaco, in...
Hungarian Media Law Doomed
19 January 2011 By Tamás Bodoky The widely criticised new Hungarian...
Google is Not Your Friend
  The internet is a powerful tool in the service of investigative...

UN Seeks Private Sector Help in Fight Against Corruption

Wednesday, 25 April 2012 14:38
Print PDF

Business participation in the global fight against corruption is crucial, said the Executive Director of the United Nations Office on Drugs and Crime (UNODC) Yury Fedotov on Tuesday. Fedotov was commenting on a new United Nations initiative introduced during the week-long meeting of the International Commission on Crime Prevention and Criminal Justice (CCPCJ) in Vienna.

The Integrity Initial Public Offering (IPO) initiative will be launched later this week. The UN is encouraging Private investors and companies to fund the development of anti-corruption institutions and legislation in developing countries, where corruption adds up to ten percent to the cost of doing business.

Crime around the world generates trillions of dollars annually, Fedotov said at the start of the conference on Monday, and he encouraged joint global efforts in the fight against organized crime.

Around US$40 billion is lost to corruption annually in developing countries, while global human trafficking accounts for another US$32 billion. UNODC and the World Bank recently calculated these figures for the first time, based on 2009 data. According to Fedotov the criminal proceeds account for nearly 3.6 percent of world gross domestic product, earning those involved in it around US$2.1 trillion annually making crime one of world’s “top 20 economies.”

“Corruption has a disproportionate impact on poor communities and a corrosive effect on the fabric of societies across the globe,” Fedotov said on Tuesday.

He added that “It is vital that we encourage business to play their part in the fight against corruption and take action to promote integrity.”

“I urge business leaders and investors to buy a share in a better tomorrow by joining the Integrity Initial Public Offering and show their resolve to help create a fair and level playing field for everyone in business,” said Fedotov.

The IPO initiative grew out of the UN Convention against Corruption – the only universal anti-corruption legal instrument in the world, UNODC stated. The goal of the initiative is to improve anti-corruption laws and regulations and their implementation, and to improve the transparency, accountability and fairness of public procurement systems.

The World Economic Forum and other organizations also participated in the creation of the initiative.

Fedotov and the Secretary General at the UN World Tourism Organization (WTO) Taleb Rifai also pledged to end human trafficking in the tourism sector through joint efforts, after the Monday signing of a memorandum of understanding to boost cooperation in the fight against human trafficking.

"Today, our two organizations are conveying a strong message to the world that we will not be party to activities that exploit women and children," said Fedotov. He characterized human trafficking as "a shameful crime of modern-day slavery,” noting that the number of trafficking victim worldwide at any given time is around 2.4 million.

While tourism drives economic growth, it is sometimes tied to sexual and labor exploitation.

Fedotov said organized crime, trafficking, corruption and violence are "major impediments" to the fulfillment of the Millennium Development Goals, aimed at reducing poverty and improving health among the world’s poorest populations by 2015.

This year’s meeting revolves around violence against migrants, migrant workers and their families. Other issues include maritime piracy, treatment of prisoners, and civilian private security services. The conference will run until April 27.


Related Stories

Re:Baltica Completes Series on Latvian Health Care System
The Baltic Center for Investigative Journalism Re:Baltica, an OCCRP partner, has published the last installment in its series about the health care...
Trafficking and Terrorism: How Organized Crime Thrives on Passport Fraud
By Ana Baric Passport Stamps. Photo Credit: Flickr. Jon Rawlinson The March 7 disappearance of a Malaysia Airlines plane one hour into its flight...
Colombia: A Country Torn Between Peace and Corruption
By: Maria Virginia Olano In Colombia, it is no secret that laws and rules there can be bent and moved around, especially with a couple of bills in...
Press Persecution in Azerbaijan: Where Investigative Journalism Is “Espionage”
By Ana Baric Azerbaijan is maintaining its usual approach to press “freedom”: sponsoring pro-regime media and unapologetically repressing...
Venezuela: The Battle Against a Corrupt, Authoritarian State
By Maria Virginia Olano It was supposed to be the day Venezuela celebrates its young people. Instead, three students were killed, more than 70...