Barbados has ratified the Inter-American Convention against Corruption (IACC), making the IACC the most ratified convention in the Inter-American system together with the charter of the Organization of American States (OAS).
This ratification demonstrates the importance of the Convention as a guide in the fight against corruption in the hemisphere, given its status as a binding legal instrument on its States Parties,” the OAS said in a statement.
It said the 34 member-states that have ratified the Convention “have undertaken a commitment to fight corruption, addressing it in a comprehensive manner.”
For this reason, the OAS said “the Convention contains measures for the prevention, detection and investigation of acts of corruption, for sanctioning those who commit acts of corruption, and for the recovery by the State, the proceeds of those acts.
“Moreover, the ratification by Barbados is of particular importance, given that the central topic of the upcoming 8th Summit of the Americas is the ‘Democratic Governance against Corruption,’ as it reaffirms the commitment by the hemisphere in addressing the issue, recognizing its transnational character, and the importance of international cooperation to effectively combat it,” the OAS said.