The B20 stands for “Business 20.” It is the voice of global business in the political discussions held by the Governments of the twenty, economically strongest developing and developed, countries, the “G20
Entries in G20 (10)
So the G20 leaders meeting in Brisbane is over, and despite the usual distractions in the media from the world of high politics, they managed to stick to their agenda of economic and financial reform for growth.
Transparency International signed a letter with prominent prosecutors and corruption hunters addressing G8 leaders on the urgency to curb money laundering.
Dear G20 leaders,
When a global financial system allows billions of dollars of corrupt or stolen money to flow unchecked around the globe, something is wrong. When financial secrecy helps strip Africa of $50 billion each year, something is wrong. When the poor of this world see the wealth of their countries slip beyond their borders, something must be done.
At this year’s B20 Summit, held last week in Sydney, 400 business leaders laid out a blueprint to promote global economic growth and employment outcomes and make the global economy more resilient to deal with future shocks.
A book by Michael Findley and Daniel Nielson, Global Shell Games: Experiments in Transnational Relations, Crime and Terrorism, shows how shell companies are used to commit bribery, circumvent sanctions, launder money and evade taxes. And are available online for a few hundred bucks.
The Group of 20 members represent around 85 per cent of the world's gross domestic product, over 75 per cent of global trade, and two-thirds of the world’s population.
The former director of the UK Serious Fraud Office, Richard Alderman, shared with the FCPA Blog a Preliminary Study (pdf here) conducted by the B20 Task Force on Improving Transparency and Anti-Corruption that focuses on regulatory developments that could enhance the private sector's role in fighting global corruption.
The Anti-Corruption Ethics and Compliance Handbook for Business is ready, and its authors at the Organisation for Economic Co-operation and Development (OECD), The United Nations Office on Drugs and Crime (UNODC) and the World Bank hope it provides helpful guidance in the global effort to eradicate corrupt practices.
Transparency International (TI) released its eighth annual progress report on the enforcement of the OECD Anti-Bribery Convention today.