Since the adoption of the United Nations Convention against Corruption (UNCAC) some twenty years ago, the international community has produced a comprehensive body of international anti-corruption standards. States are now required to prevent and criminalize corruption offences within their domestic legal systems and to cooperate and assist one another in the areas of asset recovery and law enforcement, among others.
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Corruption clearly represents one of the most serious political, economic and societal problems. Corruption harms communities and impacts the global economy. It victimizes society’s most vulnerable and marginalized individuals because it affects their ability to meet their basic needs, and reduces their chances of overcoming poverty and exclusion. Corruption also discourages business opportunities, hinders foreign aid and investment, and exacerbates inequality.
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