G-20 News

B20-G20 improves business compliance to mitigate corruption risk

Good governance based on transparency will maintain national and even international security (security), and support business operations.

Jakarta (ANTARA) – Indonesia, through the G20 and B20 presidency, has been working to mitigate the risk of corruption amid global crises by improving business compliance and integrity, said the minister responsible for the coordination of economic affairs, Airlangga Hartarto.

“Good governance based on transparency (will help) maintain national and even international security (security) and support business operations,” Hartarto noted in a statement here Saturday.

Under the Open Government Partnership (OGP), he said, the government continued to create synergy with all stakeholders to support the eradication of corruption and create long-term pandemic responses. term that are transparent, effective and fair through various policies.

OGP is a multilateral initiative that aims to secure concrete commitments from national and subnational governments to promote open government, empower citizens, fight corruption, and harness new technologies to strengthen governance.

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According to Hartarto, corruption, money laundering, terrorist financing and cybercrime have been driven by several factors, such as the unstable financial climate, rapidly changing corporate focus on mitigating risk and crisis management, and the heightened cybersecurity threat in line with the rapid digital transformation during the pandemic.

“Therefore, companies are required to take adequate measures to mitigate corruption with the implementation of good governance and transparency in reporting,” he added.

The minister said that through the G20 Digital Economy Working Group (DEWG), the government has encouraged G20 member countries to adopt the common principles of cross-border data flows and the free flow of data with trust, which include legality, fairness, transparency and reciprocity.

Data Free Flow with Trust will also be a form of structural transformation to create a balanced, inclusive and multilateral world order.

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In addition, he said, through the Indonesian G20 Presidency, the Anti-Corruption Working Group (ACWG) will also focus on discussion to improve transparency and accountability both in the public and public sectors. private.

Hartarto remarked that Indonesia will also increase transparency in its efforts to mitigate the impact of climate change, in line with the Paris Agreement, as a form of its commitment to uphold the green economy and achieve the Sustainable Development Agenda. sustainable development by 2030.

He applauded the efforts of the B20 forum to raise the issue of compliance to maintain business sustainability.

“Indonesia’s programs include achieving a just and affordable energy transition, while in terms of digitalization, (the goal) is the transfer of data with confidence,” Hartarto said.

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