G20 ACWG Pushes Legal Professions Role in
Preventing Corruption Money Laundering

Counting money photo created by jcomp – www.freepik.com

Jakarta, 31 March, 2022. On the third day of the meeting, the G20 Anti-Corruption Working Group (ACWG) discussed the frameworks of regulation and supervision of legal professions in corruption money laundering.

Mungki Hadipratikto, Corruption Eradication Commission’s (KPK) asset tracking, evidence management, and execution director, who represented the Indonesian presidency proposed that reviews of regulations and good practices should be included in the G20 ACWG compendium.

“G20 ACWG compendium is needed for reviews on regulations and supervisions on gatekeepers, especially legal professions. It will also show good practices from G20 members states,” Mungki said.

Mungki revealed that legal professions, such as advocates or lawyers, are also vulnerable to the money laundering (TPPU) practice committed by corruptors. It is done by giving access to financial markets to corruptors and establishing new companies to hide corruption money.

KPK hoped that the G20 ACWG compendium can produce comprehensive regulations so that legal professionals will have greater roles in preventing corruption money laundering.

The meeting also discussed the corruption risk in the renewable energy management.

The speakers in the discussion were representatives from the Organization for Economic Co-operation and Development (OECD), Extractive Industries Transparency Initiative (EITI), Institute for Energy Economics and Financial Analysis (IEEFA), U4 Anti-Corruption Resource Center, and C20.

C20 chair Dadang Trisasongko proposed in his presentation three recommendations to the G20 ACWG, namely, the fossil energy in ACWG priority issues; information disclosure in policymaking related to renewable energy; and institutional and regulatory strengthening in the field of renewable energy.

At the discussion, the Russian delegation proposed the need for a meeting between the G20 ACWG and the Energy Transition Working Group (ETWG).

On the last day of the G20 ACWG meeting on Thursday, March 31, Indonesia’s G20 Presidency and OECD will organize the Global Anti-Corruption & Integrity Forum carrying the theme “Anti-Corruption and Integrity for a Resilient Recovery”.

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