The United Nations Convention against Corruption is the only international legally binding anti-corruption instrument which requires its State Parties to persecute different forms of corruption. The Convention is one of four conventions on good governance which are included under the GSP+ regulation.
The UN Convention against Corruption was formally adopted in 2003 and entered into force in December 2005. The Convention addresses the prevention, investigation, and criminal persecution of corruption as well as the confiscation of revenues. Different forms of corruption are included in the Convention, for instance bribery, abuse of functions, trading in influence, as well as a number of acts in the private sector. In addition, the Convention includes a provision on asset recovery which means that assets are being returned to their owners. The Convention’s effective implementation is monitored by the UN Office on Drugs and Crime (UNODC). The Convention against Corruption belong to the four good governance conventions which are covered by the GSP+ regulation.UN Office on Drugs and Crime (UNODC)