China is being accused of
attempting to block key anti-corruption principles scheduled to be discussed at
the G20 Leaders Summit to be held in Brisbane in a fortnight.
The anti-corruption watchdog
Transparency International says the Chinese government is resisting proposed
measures that would unravel complex corporate ownership structures that can
hide who really controls a company.
The draft beneficial ownership
principles are critical to a global corruption crackdown on shell companies and
secret jurisdictions and a range of opaque practices that allow individuals to
launder dirty money.
Transparency International's
senior advocate at the G20, Maggie Murphy, says a Chinese veto would take the
anti-corruption principles off the table.
"If China does not sign on
to the principles that are on the table, the G20 is consensual and they will
not ahead and that would be a really blow to what has been a really great
initiative driven by Australia from the start," Ms Murphy told the ABC.
"At the moment, the document
has already been passed at a couple of different levels within the G20
structure. What would be lacking would be that final signoff from leaders and
without that it's a real blow to true political will."
"Nothing gets through unless
everyone's happy."
The banned G20 anti-corruption billboard for Brisbane Airport deemed too political Source: Transparency International |
The reluctance of China to sign
on to anti-corruption measures comes as the world's second biggest economy
targets government officials, military leaders and business chiefs allegedly
involved in corruption.
Ms Maggie says although China
prefers to manage its own affairs, the move to block anti-corruption measures
is intriguing.
"China itself is trying to
push forward its own anti-corruption initiatives and really trying hard to put
a stop to money flowing out of its own country,"
"What these beneficial
ownership principles would do would be to make it harder to hide your
identity and harder to shift those funds out of the country. And that means
potentially corrupt politicians and corrupt public officials in China itself.
"We think it's absolutely in
China's interests to adopt these principles and to go even further
themselves."
With a fortnight to go before G20
leaders arrived in Brisbane, it is understood organisers are working behind the
scenes to keep the anti-corruption pact alive.
"Achieving consensus among
all G20 members on an approach to beneficial ownership transparency is an
important objective for Australia's G20 Presidency," a G20 spokeswoman
said.
"We are working
constructively with all G20 members to achieve this. It is not for
Australia to comment on the views of any individual G20 member. Any decisions
around beneficial ownership taken by G20 leaders will be announced at the
conclusion of the Brisbane Summit."
But as preparations ramp up,
Transparency International is protesting a decision to ban a billboard which
would greet leaders and delegates outside Brisbane Airport.
Transparency International says
the billboard's slogan "dirty money not welcome here - G20 it's time to
act" was regarded as too political for the G20 Summit.
Maggie Murphy does not know who
made the decision but says until now, Transparency International has had good
relations with G20 organisers.
"It seems strange we can't
communicate this big anti-corruption message to citizens," Ms Murphy said.
"With this G20
anti-corruption drive, we would hope that all of the leaders and any political
party would stand by this message."
However,
Australia’s G20 organisers have washed their hands of the decision to veto the
controversial billboard.
“The
decision to accept or refuse content for the billboards at the Brisbane Airport
is a matter for the advertising company which owns the license for the
billboards and the Brisbane Airport Corporation. These are not decisions in
which the Australian Government has a role.”
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