HCM CITY -- Anti-corruption authorities and law enforcement agencies from 21 APEC member economies vowed to strengthen measures to fight money laundering and bribery at a workshop held on Aug 19 during the APEC Senior Officials Meeting (SOM 3) in HCM City. Corruption in Việt Nam had caused resource losses, reducing the efficiency of public investment, destroying trust of investors, and weakening national competitiveness, Thanh said. Peru, an APEC member economy, for example, has made great progress in fighting corruption by strengthening international cooperation and participating in global anti-corruption activities, according to a report from Peru’s High-Level Anti-Corruption Commission. “Corruption is one of the main threats and vulnerabilities that allow the commission of acts of laundering and terrorist financing,” the report said. “It had a lot of useful information on anti-corruption, which we can use for training investigators in Russia.”The Network of Anti-Corruption Authorities and Law Enforcement Agencies was established at the 17th APEC Anti-Corruption and Transparency Working Group Meeting in Indonesia in 2013.

Source: Viet Nam News August 19, 2017 13:30 UTC