United Nations Convention against Corruption
- Type: Convention
- Date of signature: 31/10/2003
- Place of signature: New York, USA
- Depositary: Secretary-General of the United Nations
- Date of entry into force: 14/12/2005
What is it about?
Corruption impoverishes countries and deprives their citizens of good governance. It destabilizes economic systems and erodes basic public functions and the quality of life of people. This instrument is the first global legally binding instrument against corruption. The Convention contains a broad range of measures designed for preventative action at the national level, aimed at strengthening cooperation among countries in the area of prevention. The Convention also requires countries to adopt provisions criminalizing certain forms of conduct, such as bribery, embezzlement and money laundering. An important part of the Convention is dedicated to fostering international cooperation with specific measures such as extradition and mutual legal assistance. An entirely new set of rules and measures relates to asset recovery. Finally, the convention includes measures on technical cooperation to strengthen the capacity of developing countries in implementing its provisions.
Why is it relevant?
This Convention undertakes the struggle against corruption from a global perspective. It imposes obligations on State parties from where corruption occurs as well as those where it occurs. It acts also to help to recover losses.
The Convention creates a Conference of State Parties responsible for the promotion and monitoring the application of its provisions.
- OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Paris, 17 December 1997).