Global anti-corruption agency will need substantial funding to stop corruption in its tracks, says KPMG

Anti corruption agency to play vital role

Annabel Reoch, UK head of anti-bribery and corruption at KPMG, comments on the creation of the new International Anti-corruption Coordination Centre.

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Annabel Reoch, UK head of anti-bribery and corruption at KPMG, comments on the creation of the new International Anti-corruption Coordination Centre, which will be based in London: 

“We are seeing a rise in large complex bribery cases, with corrupt officials and criminal enablers across the world joining forces to accomplish their goal. It is essential law enforcement agencies mirror this level of cooperation and the Anti-Corruption Coordination Centre will play a vital role to achieve this. Its remit will enable it to coordinate and facilitate the exchange of information across country borders, leading to greater transparency and targeting those who hide behind geographical anonymity to commit crimes. 

“Given the sheer scale of the task ahead and the geographical remit the centre will be expected to cover, its success will be dependent on the funding and inter government support it receives. The more countries that take part, the more effective the initiative will be in identifying trends and sharing intelligence to stop corruption in its tracks. It will also play a crucial role in returning the proceeds of illicit conduct to the people of the countries who have been affected.”

-ENDS-

Notes to editors:

For press enquiries please contact:

Zoe Sheppard, Senior PR Manager at KPMG:

T: +44 (0)117 905 4337

E: zoe.sheppard@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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