Disclosure of Assets and Income by Public Officials Is Crucial to Curbing Corruption, Finds New StAR Study

by Sabrina I. Pacifici on April 4, 2012

Disclosure by public officials of their income, assets and interests should be mandated if the fight against corruption is to succeed, according to a study released today by the Stolen Asset Recovery (StAR) Initiative of the World Bank and the United Nations Office on Drugs and Crime.The first global study of financial disclosure laws and practices, Public Office, Private Interests: Accountability through Income and Asset Disclosure calls for renewed commitment to income and asset disclosure to deter the use of public office for private gain and to help manage actual and apparent conflicts of interest in the public sector. The study also finds that asset disclosure systems are more effective when there is a credible threat that violations will be detected and punished.”

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