This policy paper outlines three general recommendations for the G20 and covers a number of specific policy actions and considerations for each such recommendation.
The first recommendation focuses on the G20 pursuing and delivering a culture of high integrity in both the public and private sectors, encouraging governments and businesses to align their efforts to combat illicit payments and create appropriate support systems that will benefit all stakeholders. Specifically, this recommendation is supported though the following policy actions: (i) engage with the private sector to improve national anti-corruption plans and adopt new Collective Action initiatives; (ii) strengthen whistleblower protections and whistleblower programme management in cooperation with the private sector; and (iii) ensure that anti-corruption plans and whistleblower protections empower women to become part of the solution to corruption.
The second recommendation focuses on the G20 leveraging emerging technologies to manage risks related to corruption and fraud. In addition to highlighting the utility and encouraging the application of an Anti-Corruption Technology Road Map, the following policy actions are set forth to enhance transparency in beneficial ownership, and to improve third-party risk management: (i) adoption of consistent digital identity standards and systems; (ii) development of digital public national registers of beneficial ownership data; and (iii) pursuit of a public-private partnership project to support the development of new technologies to further improve data quality in, and data sharing among, national registers.
The third recommendation focuses on the G20 enhancing integrity and transparency in public procurement, emphasizing specific policy actions to: (i) ensure transparency, and promote integrity and accountability across the entire public procurement lifecycle; (ii) establish clear and consistent incentives to reward high standards of ethical business conduct in public procurement; and (iii) ensure greater integrity among public procurement officials by implementing conflict of interest policies and asset declarations, in line with the United Nations Convention Against Corruption (UNCAC) Article 8 for procurement officials, while bolstering anti-corruption training for these officials and providing transparent and independent channels for them to report instances of corruption.
To read this complete article visit B20 Saudi Arabia 2020 Policy Paper.