First G20 Anti-Corruption Working Group Meeting (ACWG)

About the first G- 20 ACWG Meeting:

• It is under India’s chairpersonship, and Italy is the co-chair country.
• Over 90 delegates from 20 member countries, 10 Invitee countries, and 9 International Organizations will engage in detailed deliberations on strengthening International Anti-corruption mechanisms.
• Focus areas:
  • Enhancing the effectiveness of asset-tracing and identification mechanisms;
  • Developing mechanisms for rapid restrain of illicit assets;
  • Promoting effective use of open-source information and asset recovery networks;
• The theme of India’s G20 Presidency is – “VasudhaivaKutumbakam” or “One Earth. One Family, One Future”.

Background of ACWG:

• The G20 Anti-Corruption Working Group (ACWG) was set up in June 2010 at the Toronto Summit.
• G20 ACWG has been at the forefront of guiding the anti-corruption initiatives of G20 countries
• Primary Goal: To prepare “comprehensive recommendations for consideration by leaders on how the G20 could continue to make practical and valuable contributions to international efforts to combat corruption.”
• ACWG will explore the proactive sharing of information, improving the existing Mutual Legal Assistance framework and simplifying mechanisms for sharing of information between domestic law enforcement authorities in criminal matters. 
• The ACWG actively works with the World Bank Group, OECD, UNODC, IMF, and FATF, as well as with Business 20 (B20) and the Civil Society 20 (C20).

Q1) What is OECD?

The Organisation for Economic Co-operation and Development is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.

Source: G-20 meeting of Anti Corruption Working Group begins in Gurugram; India says, multilateral action required more than bilateral coordination for timely disposal of cases

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