OECD joins with Japan to fight financial crime by establishing new academy

taxation

(Kelly Sikkema, Unsplash)

This article is brought to you in association with OECD.


OECD Secretary-General Angel Gurría and Japan’s Minister of Finance Taro Aso presided today over a signing ceremony to establish a new centre of the OECD International Academy for Tax Crime Investigation in Wako, Japan.

The signing, which took place in the margins of the meeting of the G20 Finance Ministers and Central Bank Governors, establishes the OECD Asia-Pacific Academy for Tax and Financial Crime Investigation. The Academy will be housed at the Wako Campus of the National Tax College, part of the National Tax Agency of Japan. The Memorandum of Understanding was signed by the Commissioner of Japan’s National Tax Agency Takeshi Fujii and OECD Secretary-General Angel Gurría.

The OECD Asia-Pacific Academy for Tax and Financial Crime Investigation will provide intensive capacity-building courses for tax crime investigators and related law enforcement officials, including prosecutors, judges and anti-money laundering and anti-corruption officials- from Asia-Pacific countries. This will include broad-based courses on conducting and managing financial crime investigations (including digital forensics) as well as targeted courses on combatting specific types of tax and financial crimes, such as those associated with money laundering and VAT fraud.

“The Academy in Japan will draw together experts from the region, and allow them to work together in the fight against financial crime,” Mr Gurría said. “In doing so, it will strengthen not only the capacity of individual countries, but those of the whole region and beyond. We thank Japan for their generous contribution to making this initiative possible. We look forward to ensuring that the Academy trains and strengthens the capacity of tax crime investigators and law enforcement officials.”

Illicit financial flows, including those that derive from tax evasion and other financial crimes, have a large cost to government budgets and threaten the strategic, political and economic interests of all countries, with a particularly damaging impact in developing countries. These activities thrive in a climate of secrecy, inadequate legal frameworks, lax regulation, poor enforcement and weak inter-agency co-operation. Programmes offered by the OECD Asia-Pacific Academy for Tax and Financial Crime Investigation will be an important contribution to the wider work of the OECD Oslo Dialogue, which promotes a whole-of-government approach to fighting financial crime.

The establishment of the OECD Asia Academy for Tax and Financial Crime Investigation builds on the success of similar initiatives in other regions: the OECD International Academy for Tax Crime Investigation hosted by the Guardia di Finanza in Ostia, Italy; a pilot Africa Academy for Tax and Financial Crime Investigation launched by the OECD, Kenya, Italy and Germany following the G20 Africa Partnership conference in June 2017; and the OECD Latin America Academy for Tax and Financial Crime Investigation hosted by Argentina’s Federal Administration of Public Revenues in Buenos Aires since June 2018. Together, these efforts have trained more than 700 financial investigators from over 90 countries.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Why flexible workspaces are the key to winning the talent war

“France will be there, it will always be there!”, French President Hollande says in a rather disorganised speech; the Sting reports live from World Economic Forum 2015 in Davos

Getting people with disabilities into work requires data

Business management: how can you introduce new ideas?

Trump’s Russophiles under investigation, Europe remains ‘en garde’

The new Kiev rulers ask $35 billion from the West

Coding in Namibia: UN supports young women’s computing career dreams

Healthcare’s a human right, not ‘a privilege for the rich’ UNAIDS argues at Davos

Why precision medicine is the future of healthcare

Medical students: catalysts to close the gender gap

New book honours UN women who made HERstory

Cameroon: Clear ‘window of opportunity’ to solve crises rooted in violence – Bachelet

Around 52 million in Near East, North Africa, suffering chronic undernourishment, new UN food agency report reveals

WEF Davos 2016 LIVE: The health of capitalism won’t be the only worry for those who head for Davos

Mergers: Commission approves Varta AG’s acquisition of Energizer’s divestment business, subject to conditions

Environmental labelling, information and management schemes are central to the circular economy

Negotiated two-State solution still ‘the only option’ for Palestine: Guterres

Air pollution: How to end the deaths of 7 million people per year

4 ways blockchain will transform the mining and metals industry

Pollution could be harming every part of your body. Here’s how

UN human rights ruling could boost climate change asylum claims

A Sting Exclusive: “The competitiveness of Europe depends on a digital single market”, EPP President Joseph Daul highlights live from European Business Summit 2015

Mergers: Commission opens in-depth investigation into proposed acquisition of Transat by Air Canada

MEPs want ambitious funding for cross-border projects to connect people

WHO chief underscores need to address climate change following visit to Bahamas

Humanitarian aid: €7 million for disaster preparedness in Southern Africa and Indian Ocean region

2018 Golden Pen of Freedom Awarded to Maria Ressa of the Philippines

Who is first (and last) in the race to build a workforce fit for the future?

We won’t win the online security war without people power

4 ways the circular economy can help heavy industry reduce emissions

EU prepares a banking union amidst financial ruins

A ‘strong and united Europe’ has never been more needed, declares UN chief Guterres

Here are five ways we can make mental healthcare better

Guterres expresses ‘grave concern’ following explosion at large political rally for reform-minded Ethiopian Prime Minister

Coronavirus: Commission concludes exploratory talks with Valneva to secure a new potential vaccine

2013, a Political Odyssey: What future for Italy?

3+1 issues to haunt tomorrow’s EU Summit

‘Good enough’ global cooperation is key to our survival

5 amazing schools that will make you wish you were young again

FROM THE FIELD: Finding refuge in the ‘beautiful game’

There is a forgotten solution to climate change that we must invest in – nature

Coronavirus: a Disease that spreads as fastly as its fake news

How data is transforming the way we care for the ocean

This German supermarket’s shelves are filled with food other stores won’t sell

How trust and collaboration are key in India’s last mile response to the COVID-19 crisis

The European Sting writes down the history LIVE from G20 Leaders’ Summit in Turkey

At UN, Middle East countries discuss steps towards regional nuclear-free zone

Banking package: Parliament and Council reach an agreement

Coronavirus vs flu: how do they compare?

Autumn 2020 Economic Forecast: Rebound interrupted as resurgence of pandemic deepens uncertainty

Globally, youth are the largest poverty-stricken group, says new UN report

How a bionic arm is helping one little girl enjoy the things most take for granted

If you build it, they will come: Why infrastructure is crucial to tourism growth and competitiveness

7 steps to becoming a ‘CEO Academy’

Towards the Rise of the United States of the Atlantic?

How personalized care can tackle the late-life loneliness epidemic

Vaccines: contract between European Commission and AstraZeneca now published

There is no greater sorrow on earth than the loss of one’s native land

Are we letting politicians play with migrants’ health?

Mobile technology facilitating social distance in the middle of a pandemic

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s