Use of The GFMSA Recommendations to support the fight against corruption

The G20 leaders have asked The GFMSA to help detect the proceeds of corruption and deter corruption offences by strengthening The GFMSA Recommendations, taking corruption issues into account in the process. 

The GFMSA recognises the link between corruption and money laundering. Effectively implemented AML/CFT measures create an environment in which it is more difficult for corruption to thrive and go undetected. The GFMSA has therefore developed an information note to raise public awareness on how the use of The GFMSA Recommendations can help combat corruption.

By effectively implementing The GFMSA Recommendations, countries can:

• better safeguard the integrity of the public sector
• protect designated private sector institutions from abuse
• increase transparency of the financial system
• facilitate the detection, investigation and prosecution of corruption and money laundering, and the recovery of stolen assets.

A proper culture of compliance with AML/CFT standards creates an environment in which it is more difficult for corruption to thrive undetected and unpunished.

This Reference Guide and Information Note on the Use of The GFMSA Recommendations to support the fight against Corruption