UN FATCI interim report on stopping money laundering
07/10/2020
The United Nations’ High-Level Panel on International “Financial Accountability, Transparency and Integrity” (FACTI) panel was created in response to the fact that Kleptocracy, tax-dodging and epidemic financial crime. And FACTI wants to try to come up with some ideas to turn this problem around.
The FATCI 2030 agenda was an agreement signed five years ago to make things better for everyone by the end of this decade.
FATCI won’t publish its full report until next year, but this interim document gives us some ideas of its thinking.
Its summary is worth a read as It calls for more international recognition of the harm that dirty money does, agreement on what needs to be done, the quicker return of stolen money to its real owners, and the involvement of civil society organizations in work.
The report states.
- “Illicit transactions contribute to public distrust and political discontent. Governments are less able to invest in public goods and sustainable development, thus also undermining their ability to respect, protect and fulfil human rights. The resource drain also threatens equity, fairness and justice,”
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.