Reporting the underreported about the plan of action for People, Planet and Prosperity, and efforts to make the promise of the SDGs a reality.
A project of the Non-profit International Press Syndicate Group with IDN as the Flagship Agency in partnership with Soka Gakkai International in consultative status with ECOSOC.
![No Bold Actions Yet to Stop the Flows of Dirty Money Viewpoint by Maíra Martini * NEW YORK (IDN) — Governments gathered for the first-ever UN General Assembly Special Session (UNGASS) against corruption June 2-4, 2021. This could have been an opportunity for the more and the less advanced economies to come to the table and discuss bold improvements to the current international anti-corruption framework and architecture. It fell short. In the three days of the UNGASS 2021, we watched governments highlight the importance of anti-corruption measures for effectively dealing with the COVID-19 pandemic, for improving their countries’ economies and for achieving sustainable development goals. We also heard them talking about the measures they have been taking to control corruption and put an end to impunity. The truth, however, lies somewhere in the middle. Credit: Transparency International Credit: Transparency International During the preceding months, country delegates met several times to discuss their role in advancing the global fight against corruption and ways to reflect those ambitions in the UNGASS 2021 political declaration. While civil society cannot participate or even be in the room during these negotiations, what we heard is that, very often, governments’ positions were less enthusiastic and progressive behind closed doors. It is not a surprise that the final political declaration ended up looking more like a “diplomatically worded statement,” as the UNCAC Coalition put it. The political declaration, adopted by UN member states after arduous negotiations, largely does not go beyond the measures that had already been agreed in previous UN documents. There are a few areas, however, where the discussions—and persistent advocacy—preceding the Special Session helped to secure stronger commitments. One of them is beneficial ownership transparency. The standard we have is not enough Although crucial in the fight against corruption, transparency in company ownership is an area where global standards and commitments do not go far enough. The UN Convention against Corruption (UNCAC) calls on state parties to promote “transparency among private entities, including, where appropriate, measures regarding the identity of legal and natural persons involved in the establishment and management of corporate entities.” The Financial Action Task Force (FATF), the global anti-money laundering standard-setting body, provides only broad recommendations when it comes to beneficial ownership transparency. As a result, authorities in the great majority of countries still face challenges in accessing the information on the real owners of companies and other legal vehicles, a difficulty that hampers the detection and investigation of corruption. The analysis of FATF mutual evaluation reports leaded Transparency International to conclude that it is time for FATF to review its standards and guidance documents, and provide more detailed recommendations on what is necessary to ensure competent authorities have access to reliable and accurate information on beneficial ownership in a timely manner. Who is Behind the Wheel? Fixing the Global Standards on Company Ownership The problem has been known for years but there is finally a growing recognition of the inadequacy of international standards. FATF is currently undertaking a review of its beneficial ownership recommendations. The report published earlier this year by the High-level Panel on International Financial Accountability, Transparency and Integrity (FACTI) recognised the need for a global anti-money laundering requirement for all countries to create a centralised registry for holding beneficial ownership information on all legal vehicles, with an encouragement to make the information public. Not a Promising Start The UNGASS discussions on beneficial ownership transparency were not very promising at the start. Earlier versions of the political declaration simply repeated the text of the UNCAC. Reportedly, there was strong opposition to including more concrete commitments, even from those countries that recently adopted stricter rules on company ownership themselves. The final text is therefore a positive surprise. Although not ideal, we are pleased to see a commitment in the political declaration that goes beyond what was previously agreed in UN documents and even as part of the FATF standards. With the UNGASS political declaration, in addition to taking appropriate measures to enhance beneficial ownership transparency by ensuring that competent authorities have access to adequate, reliable, and timely beneficial ownership information, countries also commit to promoting beneficial ownership disclosure and transparency, such as through appropriate registers. We commit to making efforts in international cooperation and taking appropriate measures to enhance beneficial ownership transparency […] by promoting beneficial ownership disclosures and transparency, such as through appropriate registries […]—UNGASS 2021 political declaration. This shows that civil society pressure and the persistence of more progressive government leaders can help to push even those more reticent countries to agree to bolder reforms. Earlier in the year, Transparency International submitted—on behalf of more than 700 signatories from the academia, civil society as well as the public and private sectors – a petition calling on the UNGASS to commit countries to establish public beneficial ownership registers. Together with partner organisations and governments, we also held a briefing session for UNGASS delegates to discuss the need for stronger measures around company ownership. The work isn't done yet The political declaration is a step in the right direction, but countries need to go another leap further. In order to improve international cooperation, it is crucial to set up publicly accessible beneficial ownership registers. This will ensure that foreign competent authorities have direct access to beneficial ownership information. Opening up registers also allow citizens, civil society, media and businesses to scrutinise the information, contributing to the accuracy of the data and increased trust in businesses and financial transactions. Equally important will be to ensure that the information disclosed is accurate and reliable. Verification mechanisms, sanctions for non-compliance or feeding false information, coverage exceptions are among the issues that should be carefully considered by governments when implementing this commitment. Translating the political declaration commitment on beneficial ownership transparency into action, and doing so in a timely manner, will be crucial for tackling corruption and other financial crimes. To that end, governments should publish an action plan with detailed information and timelines on the measures they will put in place to implement the commitments, including plans to set up beneficial ownership register or strengthen existing ones. They need to also consult with the public, civil society and the private sector on the best model to be implemented in the country, taking into account the country’s specific context and money laundering risks. Most urgent, however, is that governments support a meaningful review of the FATF standards. Tackling cross-border corruption requires a global level playing field. Reforming the current global anti-money laundering standards is an opportunity to ensure minimum requirements are applied across countries and that guidance on effective models to ensure timely access to accurate and reliable beneficial information is in place so that countries can be assessed against concrete expectations. [IDN-InDepthNews – 11 June 2021] * Maíra Martini is from Brasil. She leads Transparency International’s research and policy on beneficial ownership transparency and anti-money laundering. Maira is a lawyer and holds a Master’s degree in Public Policy from the Hertie School of Governance in Berlin. This article first appeared as a Blog on Transparency International's website. Photo: UN Headquarters in New York. Credit: Wiki Commons/Neptuul (CC)](/images/UN_Hq_in_NYC_view_from_Roosevelt_Island.jpg)
Viewpoint by Maíra Martini *
NEW YORK (IDN) — Governments gathered for the first-ever UN General Assembly Special Session (UNGASS) against corruption June 2-4, 2021. This could have been an opportunity for the more and the less advanced economies to come to the table and discuss bold improvements to the current international anti-corruption framework and architecture. It fell short.
Viewpoint by Jonathan Power*
LUND, Sweden (IDN) — There’s hardly a person alive who doesn’t know that the Third World continents of Africa, Asia and Latin America are having a desperate struggle fighting the Coronavirus. At a time when the richer countries are winning the fight against the virus many Third World countries—like Brazil, India and South Africa—are overwhelmed by it.
By Santo D. Banerjee
NEW YORK (IDN) — “The Ocean: Life and Livelihoods” was the theme for World Oceans Day 2021 as well as a declaration of intentions that launches a decade of challenges to get the Sustainable Development Goal 14, “Conserve and sustainably use the oceans, seas and marine resources”, by 2030.
The importance of the theme of this year's World Oceans Day celebrated on June 8, is underlined by the fact that the ocean covers over 70% of the planet. It is our life source, supporting humanity’s sustenance and that of every other organism on earth.
Viewpoint by Dr Kakha Shengelia
The writer is the President of the International Association of University Presidents (IAUP) and President of Caucasus University (CU). The following is the text of Dr Kakha's Foreword to Striving for People, Planet and Peace, 2021 Joint Media Project Report of the Non-Profit International Press Syndicate Group with IDN as flagship agency in partnership with Soka Gakkai International in consultative status with ECOSOC.
TBILISI, Georgia (IDN) — It was in the year 2015 when the world convened and defined 17 concrete objectives to achieve till 2030 that would improve everyone’s lot around the globe. Touching on every aspect of human existence, from social inequalities to the planet we live on.
Viewpoint by Nicolas J. S. Davies*
PORTLAND | USA (IDN) — A recent Yahoo News/YouGov poll found that worries about the COVID pandemic in the United States are at their lowest level since it began. Only half of Americans are either “very worried” (15%) or “somewhat worried” (35%) about the virus, while the other half are “not very worried” (30%) or “not worried at all” (20%).
But the news from around the world makes it clear that this pandemic is far from over, and a story from Vietnam highlights the nature of the danger.
By Reinhard Jacobsen
BRUSSELS (IDN) — The scale and brutality of crimes of conflict-related sexual violence against women committed in Tigray have drawn widespread condemnation from around the world.
It was no surprise that the Europe External Programme with Africa (EEPA) focussed on that theme in the Webinar organised on May 25. EEPA is a Belgium-based centre of expertise with in-depth knowledge, publications, and networks, specialised in issues of peacebuilding, refugee protection, and resilience in the Horn of Africa. (P08) JAPANESE TEXT VERSION PDF | SWAHILI
By Lisa Vives, Global Information Network
NEW YORK (IDN) — Controversy is dogging the latest project of the world’s largest online retailer, Amazon, as it prepares to set up its African headquarters in Cape Town, South Africa.
Amazon would be the anchor tenant of the River Club—a nine-story business and residential complex with a hotel, gym, restaurants, conferencing, schools and event space.
![[IDN-InDepthNews – 17 May 2021] * The author, a senior journalist based in New Delhi, is Editorial Consultant-WION TV and Senior Editorial Consultant of IDN. Photo: Crematoriums in India overwhelmed. Source: USA Today.](/images/covid-ravaged_india.jpg)
By Shastri Ramachandaran*
NEW DELHI (IDN) — The tsunami of Covid-19 infections and deaths in India continues unabated as people and governments at the Centre and states continue to battle the shortage of hospital beds, medicines, ventilators and much else that is required to overcome this crisis. The horrifying deaths and the plight of the dying have also created a climate of fear with people not knowing when it may strike, where and whom in what form; and, how they would cope if they or their near and dear ones are stricken. (P07) HINDI | JAPANESE TEXT VERSION PDF | TURKISH
By Caroline Mwanga
NEW YORK | SANTO DOMINGO (IDN) — The three-day Virtual Thematic Sessions of the Latin America and the Caribbean Climate Week 2021 (LACCW2021), which wrapped up on May 14, hosted by the Government of the Dominican Republic, are reported to have provided important momentum for a successful UN Climate Change Conference COP26 from November 1 to November 12 in Glasgow. (P06) GERMAN | JAPANESE TEXT VERSION PDF | SPANISH
Viewpoint by Simone Galimberti
The writer is Co-Founder of ENGAGE, a not-for-profit in Nepal. He writes on volunteerism, social inclusion, youth development, and regional integration as an engine to improve people’s lives. He can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.
KATHMANDU, Nepal (IDN) — A life insurance policy for humanity, this is how Audrey Azoulay, the UNESCO Director-General defined the scope of all efforts focused on addressing climate change and the persistent degradation of our biodiversity.
