Promotion of International Cooperation to Combat Illicit Financial Flows in Order to Foster Sustainable Development

A/RES/72/207View PDF

Who adopted this document and its mandates?

A Resolution of the General Assembly, under agenda item 17f Promotion of international cooperation to combat illicit financial flows in order to foster sustainable development, published in 2018.

What other versions does this mandate have?

2 versions · 2017–2018

Year	Symbol	Title	Word length	Text similarity
2018	A/RES/72/207	Promotion of international cooperation to combat illicit financial flows in order to foster sustainable development	1,604	39%Compare
2017	A/RES/71/213	Promotion of international cooperation to combat illicit financial flows in order to foster sustainable development	761	–

What subjects does this mandate have?

5 subjects

Crime Prevention Criminal Assets Illicit Funds Transfer International Cooperation Sustainable Development

What’s in this document?

14 operative paragraphs

Welcomes the inclusion in the 2030 Agenda for Sustainable Development⁴ of, inter alia, the target related to combating illicit financial flows, recalls that the Sustainable Development Goals and associated targets are integrated and indivisible and balance the three dimensions of sustainable development, and in this regard looks forward to their achievement;

⁴Resolution 70/1.

Also welcomes the inclusion in the Addis Ababa Action Agenda of the Third International Conference on Financing for Development⁵ of actions intended to combat illicit financial flows, and in this regard looks forward to their implementation;

⁵Resolution 69/313, annex.

Further welcomes the ongoing efforts of Member States to enhance knowledge and broaden understanding of the challenges and opportunities involved with international cooperation to combat illicit financial flows and strengthen good practices on assets return to foster sustainable development, including the initiative of Nigeria and Norway to this effect, as well as the initiative of Ethiopia and Switzerland on good practices on assets return, and calls upon Member States to continue such efforts, including through relevant organizations of the United Nations system and other relevant regional or international forums;

Expresses its concern that cryptocurrencies are increasingly being used for illicit activities, and in this regard encourages Member States and other relevant organizations to consider taking measures to prevent and counter their illicit use;

Urges Member States that have not yet done so to consider ratifying or acceding to the United Nations Convention against Corruption1 and the United Nations Convention against Transnational Organized Crime and the Protocols thereto,⁶ and also urges States parties to those Conventions and Protocols to make efforts towards their effective implementation;

⁶United Nations, Treaty Series, vols. 2225, 2237, 2241 and 2326, No. 39574.

Calls upon the relevant organizations of the United Nations system, within their respective mandates and resources, to ensure that no one is left behind and no country is left behind in the implementation of the present resolution;

Encourages further efforts by relevant national actors to mitigate transfer mispricing and trade misinvoicing by multinational corporations, with a view to strengthening the tax base in host countries, bearing in mind the need for developing countries to strengthen their domestic resource mobilization in order to achieve the Sustainable Development Goals;

Encourages countries and relevant multilateral and international organizations to continue their efforts to provide, upon request, technical assistance and capacity-building assistance to developing countries in order to improve their capacity to prevent, detect and combat illicit financial flows and strengthen good practices on assets return to foster sustainable development;

Invites the President of the General Assembly to convene, during the seventy-third session of the Assembly, within existing resources and in coordination with all relevant stakeholders, a high-level meeting on international cooperation to combat illicit financial flows and strengthen good practices on assets return to foster sustainable development;

Notes the ongoing efforts of the United Nations Office on Drugs and Crime, in coordination with the United Nations Conference on Trade and Development and other institutions, to develop a methodology to produce estimates of the total value of inward and outward illicit financial flows;

Decides to give consideration, as appropriate, to international cooperation to combat illicit financial flows and strengthen good practices on assets return to foster sustainable development in the follow-up and review framework of the 2030 Agenda for Sustainable Development and in the follow-up process of the Addis Ababa Action Agenda;

Calls for greater international cooperation and sustained dialogue to combat illicit financial flows and strengthen good practices on assets return to foster sustainable development and pledges to deter, detect, prevent and counter corruption, increase transparency and promote good governance for all citizens, which will contribute to the fostering of sustainable development;

Looks forward to the inclusion, in the 2018 report of the Inter-Agency Task Force on Financing for Development, of an analysis of international cooperation to combat illicit financial flows and strengthen good practices on assets return to foster sustainable development, pursuant to the mandate of the Task Force, and also looks forward to the deliberations of the Economic and Social Council forum on financing for development follow-up;

Decides to include in the provisional agenda of its seventy-third session, under the item entitled “Macroeconomic policy questions”, a sub-item entitled “Promotion of international cooperation to combat illicit financial flows and strengthen good practices on assets return to foster sustainable development”, unless otherwise agreed.

Who adopted this document and its mandates?

What other versions does this mandate have?

What subjects does this mandate have?

What’s in this document?

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