Source Pravda.Ru

China adopts UN Convention against corruption

China's adoption of UN Convention against Corruption Oct. this year, the most comprehensive document against corruption, will help police to capture corrupted officials and businessmen who fled overseas, said an official with the Ministry of Supervision.

The official told that the convention has outlined five mechanisms to combat corruption, including one on asset recovery that stipulates signatories must cooperate with andassist each other to recover embezzled money flown overseas.

It also demands signatories to guard against and monitor transfer of suspected assets and the return and disposal of the assets.

The convention, adopted by the UN General Assembly in October 31, 2003, stipulates on the prevention, criminalization, international cooperation, assets recovery and implementation mechanism in the fight against transnational crimes of corruption.

China's top legislature ratified the document unanimously on Oct. 27, after signing it in December in 2003. By September 15, 30countries have ratified the convention, which will goes into effect on December 14 this year.

The convention puts equal emphasis on cracking down on corruption of briber takers and givers in both public and private sectors as well as international organizations.

China is preparing to draft and revise some major domestic lawsto conform with the convention's requirements, Xinhua reports.

V.Y.

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