CURRENT AFFAIRS

Detailed explanation-1: -Mr T. Raja Kumar elaborated on the aligned priorities between Singapore Presidency and India’s Anti-Corruption Working Group. While speaking about the synergy between the G20 ACWG priorities and FATF mandate, Mr Sanjay Malhotra highlighted the need to strengthen international cooperation on economic crimes.

Detailed explanation-2: -To facilitate cooperation in raising the standards of transparency and accountability as well as contributing to the effectiveness of the global fight against corruption, the G20 Anti-Corruption Working Group (ACWG) was established in 2010.

Detailed explanation-3: -In June 2010 at the Toronto Summit, the G20 Anti-Corruption Working Group’s (ACWG) was set up. Its primary goal is to prepare “comprehensive recommendations for consideration by leaders on how the G20 could continue to make practical and valuable contributions to international efforts to combat corruption".

Detailed explanation-4: -Anti-corruption collective action is a form of collective action with the aim of combatting corruption and bribery risks in public procurement. It is a collaborative anti-corruption activity that brings together representatives of the private sector, public sector and civil society.