The integrity of every country’s financial markets is essential, in order to ensure that capital is channeled effectively to its most productive uses; to prevent the diversion of funds into bribery, corruption or organized crime; and to prevent the diversion of money to terrorist groups. Read More »
International Perspectives
Financial disclosure is recognized by several international standards as an important tool for preventing corruption as seen below.
International Conventions referring to Financial Disclosure
- United Nations Convention against Corruption (UNCAC) (pdf)
- Inter-American Convention against Corruption
- African Union Convention on Preventing and Combating Corruption (pdf)
- OAS Model Law on Declaration of Interests, Income, Assets and Liabilities of Persons Performing Public Functions (pdf)
- OAS Draft Legislative Guideline: Basic Elements on the Registration of Income, Assets, and Liabilities (doc)
International Principles on Financial Disclosure
- APEC Principles for Financial/Asset Disclosure by Public Officials: Fundamentals for an Effective Tool to Prevent, Detect, and Prosecute Conflicts of Interest, Illicit Enrichment, and Other Forms of Corruption (doc)
- G20 High-Level Principles on asset disclosures by public officials (pdf)
International Directives and Bodies related to Financial Disclosure
- European Union (EU): EU and Combating Financial Crime
- Financial Action Task Force (FATF) (see the FATF Recommendations)
For comments and corrections, please contact us at assetdisclosure@worldbank.org