| Author (Corporate) | European Parliament |
|---|---|
| Series Title | Initiatives |
| Series Details | 2017/2028(INI) |
| Publication Date | 13/09/2017 |
| Content Type | Policy-making |
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Background and further information: The report calls for collective action at national and international level to prevent and combat corruption. It invited Member States to participate in international fora to reach joint decisions on best practices and policies tailored to the particular situation of each region. The document argues that the fight against corruption should be part of a partnership-based approach between the public and private sectors, while calling for further efforts to implement and enforce existing national and international anti-corruption instruments. They also pointed out that the development of an EU anti-corruption strategy is essential to combat corruption and financial crime. The report also calls for the establishment of effective policy and legal frameworks for the management of natural resource management. In the context of the prevention of illicit financial flows, it recommended that particular attention be paid to the flow of capital resulting from the extraction of ores and minerals from mines in conflict zones. It also proposes the permanent monitoring of EU-funded projects and that recipient country authorities should be held accountable if EU funds are not used appropriately. In this context, the plenary session urged the European Parliament to investigate the 'Azerbaijani Laundromat' revelations and the European Union to adopt the 'Magnitsky' sanctions list. The European Parliament adopted in September 2017 an own-initiative report on corruption and human rights in third countries. |
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| Source Link | Link to Main Source http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2017/2028%28INI%29 |
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| Subject Categories | Values and Beliefs |
| Countries / Regions | Europe |
