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).

 

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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