The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has been appointed a member of the United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel).
Launched on 2nd March, 2020, the FACTI Panel was jointly established by the President of the United Nations General Assembly, H.E. Tijjani Muhammad-Bande and the President of the United Nations Economic and Social Council, H.E. Mona Juul.
The objective of the panel is to stem the tide of escalating issues of tax evasion, tax avoidance, money laundering and corruption, especially in an era of digital economic activity. There is also a need to put more efforts into global prevention of financial crimes, as well as the creation of a level playing fields, end financial opacity to equitably mobilize global resources.
The FACTI Panel is also tasked with making recommendations that will address gaps, impediments and vulnerabilities in international institutional and legal frameworks related to financial accountability, transparency and integrity in the global financial system, which according to Panel Co-Chair, Dr. Dalia Grybauskaitė, former President of Lithuania, ‘is overdue for changes’.
Underscoring the significance of the Panel’s task in facilitating desired changes, Co-Chair, Dr. Ibrahim Mayaki, former Prime Minister of Niger, stated at the inaugural meeting of the Panel held on a virtual platform due to COVID-19 related restrictions, highlighted some of the reasons for setting up the panel.
“In this time of global crisis instigated by the COVID-19 pandemic, the importance of robust, reliable public resources becomes especially clear. I look forward to working closely with fellow Panel members to make recommendations toward a less porous, more equitable financial system.”
Dr. Grybauskaitė expressed hope that the FACTI Panel would provide some of the building blocks for a more just and equitable financial system after the COVID-19 crisis.
The FACTI Panel consists of 17 members drawn from policymakers, academia, civil society and the private sector. The other members include:
- Ms. Benedicte Schilbred Fasmer, Member, Executive Board of Norges Bank, Norway;
- Mr. Karim Daher, Managing Partner, Hadad Baroud Daher – Tria Law Firm and
- Director, Lebanese Association for Taxpayers’ Rights and Information, Lebanon;
- Mr. Thomas Stelzer, Dean and Executive Secretary, International Anti-Corruption Academy, Austria.
- Ms. Annet Wanyana Oguttu, Professor at University of Pretoria, South Africa;
- Ms. Heidemarie Wieczorek-Zeul, former Minister for Development, Germany;
- Ms. Irene Ovonji-Odida, Former Member AU/ECA High Level Panel on Illicit Financial Flows from Africa (Mbeki Panel), and former Chair of the board of ActionAid International, Uganda;
- Mr. Jose Antonio Ocampo, Professor at Columbia University, Board of Governors of Banco de la República (central bank of Colombia), former Finance Minister, Colombia;
- Ms. Magdalena Sepulveda Carmona, Former UN Special Rapporteur on Extreme Poverty and Human Rights, Chile;
- Ms. Manorma Soeknandan, Deputy Secretary General, Caribbean Community (CARICOM), Suriname;
- Mr. Shahid Hafiz Kardar, Vice-Chancellor, Beaconhouse National University, former Governor, State Bank of Pakistan, Pakistan;
- Ms. Susan Rose-Ackerman, Professor of Law at Yale University, USA;
- Ms. Tarisa Watanagase, former Governor, Bank of Thailand, Thailand;
- Mr. Yu Yongding, Chinese Academy of Social Sciences, China; and
- Mr. Yury Fedotov, former Executive Director, United Nations Office on Drugs and Crime, Russia.
Source: VON
