Latest News:  
Beijing   Moderate rain    25 / 20 ℃  City Forecast

Home>>Foreign Affairs

'Global effort needed to fight corruption'

By Zhang Yan in Dalian, Liaoning (China Daily)

08:26, June 28, 2012

A top Chinese official called for closer international cooperation to retrieve the assets transferred abroad by corrupt officials.

Speaking at a meeting of the International Association of Anti-Corruption Authorities, Zhou Yongkang, head of the Political and Legislative Affairs Committee of the Communist Party of China Central Committee, said nations and law enforcement agencies must cooperate to stem the transfer of illegal assets and cash by corrupt officials.

Zhou said the country will strengthen the monitoring of illegal assets confiscated from corrupt officials and increase the penalties for money laundering.

"With deepening economic globalization, corruption has become increasingly organized and transnational," he said.

"Failure in early recovery will affect the economic and social development of the victim country and disturb economic order in the destination country," he said.

Government officials and some senior executives from State-owned enterprises have sent a large amount of illegal income to countries such as the United States, Canada, Australia, Japan, Britain and Russia, according to Zhao Jianwei, chief prosecutor of Dalian people's procuratorate in Northeast China's Liaoning province.

This is mainly through money laundering carried out by underground banks, Zhao said.

"Illegal assets are usually transferred across borders in a stealthy way through a lot of links and are difficult to recover," Zhou said.

"So it is difficult for the anti-corruption agency of a single country or region to prevent, detect and crack down on such crime on its own," he said.

According to Zhou, in China, national prosecution authorities have handled 30,000 cases of abuse of power since 2008, and nearly 40,000 government employees a year have been punished since then.

To implement the mechanism for asset recovery under the UN Convention against Corruption and to effectively recover assets from corruption cases is crucial to the prevention and punishment of transnational crimes involving corruption, Cao Jianming, chief prosecutor of the Supreme People's Procuratorate, said at the meeting.

"Anti-corruption authorities from all countries and regions should be aware of the urgency of international cooperation in assets recovery, and they should implement the mechanisms for the disposal, forfeiture, recovery and return of assets," he said.

In addition, anti-corruption authorities should cooperate more closely in the extradition of criminal suspects, he said.

"We have successfully arrested a number of fugitives that fled China and recovered large amounts of assets by extradition, repatriation, legal assistance and police cooperation," Zhou said.

Last year in Dalian, 300 million yuan ($47 million) in illegal funds were recovered, according to the Dalian people's procuratorate.

"Anti-corruption authorities should seek common ground, put aside differences and be result-oriented to strengthen anti-corruption exchanges, asset recovery included, and intensify efforts to punish transnational and trans-regional corruption to aid the international efforts against corruption," Dimitri Vlassis, an official from the United Nations Office on Drugs and Crime, said.

Email|Print|Comments(Editor:姚春、马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese 3rd generation fighter: J-10 jet fighter

  2. Chinese Jade--Timeless Beauty

  3. Famous dancer performs Dream of the Red Chamber

  4. Int'l Day against Drug Abuse marked in Jakarta, Indonesia

Most Popular

Opinions

  1. New welfare stock accounts' impact limited
  2. Leftover men to be a big problem
  3. A symbol of affluence or a trap of luxury?
  4. Premier's visit sign of close ties with region
  5. Property necessary pill for economy
  6. Chinese banks must go global
  7. Putin's visit to Israel more symbolic than strategic
  8. Syria's new government faces escalation of tension
  9. Trade is tool to fix global economy
  10. Skyscraper frenzy brings loan risks to new heights

What's happening in China

Film pioneer Chen Qiang dies at 94

  1. Losses for listed firms, property sector
  2. Private fundraising under supervision
  3. Officials punished for NW China forced abortion
  4. County's two-child trial proves successful
  5. Top brands fail tests for quality, city finds

China Features

  1. US-Japan-ROK drills aim to fix alliance weakness
  2. Why Chinese listed companies withdraw from US?
  3. Dreams can challenge any depth, height
  4. How can traditional Chinese medicine earn trust?
  5. Eurozone should move forward or it will fall over

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai