This act establishes a binding international framework to combat corruption through transparency laws, whistleblower protection, open budgets, corporate accountability, and coordinated global enforcement.
Description:
Public Official Asset Disclosure and Audit Systems:
Mandate annual public declarations of assets, liabilities, and income sources by elected officials, senior civil servants, and military leadership, subject to independent audits.
Open Government and Budget Transparency:
Require governments to publish detailed, real-time data on budgets, public spending, procurement contracts, and subsidies in open, machine-readable formats.
Whistleblower Protection Framework:
Enforce strong legal protections and anonymous reporting systems for whistleblowers who expose corruption, embezzlement, or abuse of power in both public and corporate sectors.
Anti-Bribery Laws and International Sanctions:
Harmonize global anti-bribery legislation and allow coordinated sanctions on individuals and entities involved in grand corruption, including travel bans, asset freezes, and contract bans.
Corporate Transparency and Beneficial Ownership Registries:
Require all companies to disclose their true (beneficial) owners in publicly accessible databases to combat shell companies and tax evasion.
Independent Anti-Corruption Bodies:
Support the establishment and funding of autonomous anti-corruption agencies with investigative and prosecutorial powers, shielded from political interference.
Digital Tools for Integrity and Citizen Reporting:
Promote blockchain-based procurement, civic tech platforms for budget monitoring, and mobile tools that let citizens report corruption directly to oversight agencies.
Global Anti-Corruption Observatory and Enforcement Network:
Create a UN-coordinated global platform to share best practices, alert on emerging corruption risks, track enforcement, and enable whistleblower collaboration across borders.
Possible Outcomes and Implications:
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