On 12 May, the Prime Minister will host the Anti-Corruption Summit to step up global action to expose, punish and drive out corruption in all walks of life.
The summit will seek to galvanise a global response to tackle corruption. As well as agreeing a package of actions to tackle corruption across the board, it will deal with issues including corporate secrecy, government transparency, the enforcement of international anti-corruption laws, and the strengthening of international institutions.
It will be the first summit of its kind, bringing together world leaders, business and civil society to agree a package of practical steps to:
-expose corruption so there is nowhere to hide
-punish the perpetrators and support those affected by corruption
-drive out the culture of corruption wherever it exists
The summit will be preceded by a conference on 11 May for leaders in civil society, business and government who are championing the fight against corruption.
Since 2010, the UK government has:
-led the way on tackling tax evasion and tax avoidance, bringing in more than £2 billion from offshore tax evaders
-been the first member of the G20 to establish a public central registry of company beneficial ownership information which will go live in June 2016, and pushed its G7 and G20 partners to do the same
-introduced some of the world’s strictest legislation on bribery through the Bribery Act 2010, making it a criminal offence for a company to fail to prevent a bribe being paid
-co-chaired a UN panel that put tackling corruption at the heart of the new UN Development Goals and transformed the way the international community fights poverty