President’s Summary of Outcomes from the Experts’ Meeting on Corruption

Paris, 20 October 2014 - The Financial Action Task Force (FATF) and the G20 Anti-Corruption Working Group (ACWG) held a joint Experts’ Meeting on Corruption on Saturday, 18 October 2014. In this meeting, 163 delegates from 28 jurisdictions and 19 organisations participated. This is the fourth time that the FATF and G20 ACWG have held such an event, which brings together anti-money laundering/counter-terrorist financing (AML/CFT) experts and anti-corruption experts to discuss issues of common interest.

The meeting was chaired by the , Mr. Roger Wilkins AO (Australia), at the OECD headquarters in Paris. The G20 ACWG Co-Chairs – Mr. Stefano Mogini (Italy) and Mr. Kieran Butler (Australia) (acting Co-Chair) – participated and reiterated the G20 support for FATF work to enhance transparency and combat corruption, and encouraged continued engagement on these issues.

The key objectives for this meeting were:

• to discuss the FATF’s draft Guidance on Transparency and Beneficial Ownership, and incorporate feedback from anti-corruption experts to enhance the paper, and
• to build on the previous discussions between the FATF and the G20 on anti-corruption issues, with a particular focus on measures to combat the misuse of corporate vehicles.

The FATF’s draft Guidance on Transparency and Beneficial Ownership received strong support from the meeting participants, and will assist jurisdictions with their implementation of the FATF standards in this area. 

The participants committed to pursuing their continued cooperation and sharing of experiences between AML/CFT and anti-corruption experts to strengthen the fight against corruption. Transparency and beneficial ownership will remain as priority issues on the agenda of the FATF and the G20. 

President's Summary of Outcomes from the Experts’ Meeting on Corruption, 18 October 2014 complete summary of outcomes of the meeting. 

Further reading:

• President's Summary of Outcomes from the Experts’ Meeting on Corruption, 12 October 2013