Pursuant to article 63 of the Convention, the Conference of the State Parties to the United Nations Convention against Corruption was established to improve the capacity of and cooperation between States Parties to achieve the objectives set forth in the Convention and to promote and review its implementation.
This conference is held every every two years and, from 25 to 29 November 2013, Panama had the honour of hosting the 5th Session of the Conference in Panama.
The high level opening of CoSP5 will be addressed by the Executive Director of UNODC, Yury Fedotov and the President of Panama. Some of the crucial issues on the agenda include: corruption and the post-2015 development agenda, asset recovery, country reviews and avoiding corruption at major public events. The event will also launch a series of informative publications on anti-corruption and investigative journalism, compliance and ethics in the private sector, as well as procurement.
The United Nations Convention against Corruption is the only universal legally binding anti-corruption instrument. The Convention came into force in December 2005 and counts with 168 State Parties. It requires States to prevent and criminalize corruption; to promote international cooperation; to recover stolen assets; and to improve technical assistance and information exchange in both the private and public sectors.