May 10, 2017
Money laundering is a cross-border problem: the recovery of corrupt assets requires international coordination and information sharing.
The International Anti-Corruption Coordination Centre will work closely with international and national organisations to support countries that are suffering from corruption at the highest levels in their institutions.
At the Anti-Corruption Summit the UK committed to “work with others to establish an International Anti-Corruption Coordination Centre and will provide people and resources to support it”.
Thirteen other countries also committed to help with the establishment of the Centre. The communique says:
The International Anti-Corruption Coordination Centre (IACCC) was established in July 2017. The UK’s National Crime Agency will host the IACCC until 2021.
According to the UK Anti-Corruption Strategy: Year 1 Update, as a result of the work being done with nine agencies from different jurisdictions in the IACCC, “11 investigations have been progressed and, in one case, supported the arrest of a senior overseas government official suspected of corruption”.
The UK Anti-Corruption Strategy Year 2 Update states that the IACCC has now “worked on 27 cases and supported a number of high-profile arrests involving politicians and public officials across the world.”