Gov’t can now demand help in recovering money abroad
10/04/2010The government can now compel foreign countries to assist in the recovery of money acquired from illegal and corrupt practices and stashed away abroad under an international convention signed last Friday, Sen. Edgardo Angara said yesterday.
The Global Organization of Parliamentarians Against Corruption (GOPAC) and South East Asian Parliamentarians Against Corruption (SEAPAC) meeting concluded with member countries agreeing to implement new policies in the fight against corruption, Angara said.
Angara, founding member of SEAPAC and host of the conference, said the country now has an objective scorecard to judge whether a country has achieved progress in the reduction or elimination of corruption.
Under the agreement signed during the two-day convention, member countries were mandated to assist country victimized by corrupt or illegal activities, particularly in the area of asset-recovery, where money-laundering activities are concerned..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20101004hed5.html
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