Nauru’s Crusade Against Financial Crimes: International Community Praises Island Nation’s Progress

At the 10th Session of the United Nations Convention against Corruption (UNCAC) in Atlanta, Nauru’s Minister of Justice delivered an inspiring statement, reinforcing the Pacific island nation’s commitment to combating financial crimes.

Minister of Justice’s Statement

Minister of Justice, [Name], speaking on behalf of the Republic of Nauru, extended gratitude to the US government for hosting the conference and the warm welcome extended to the Nauruan delegation. He acknowledged the insights gained during Nauru’s second-cycle review under the UNCAC and its implementation.

Combating Financial Crimes: Nauru’s Achievements

Appointment of an Ombudsman

Nauru, which acceded to the UNCAC in 2012, has been actively addressing recommendations through substantial efforts. One significant achievement is the appointment of an Ombudsman, with the aim of filling the position as specified by the Leadership Code Act 2016.

Developing a National Anti-Corruption Strategy

The government is collaborating with the United Nations Office on Drugs and Crime (UNODC) to develop a National Anti-Corruption Strategy.

Financial Monitoring

In terms of financial monitoring, Nauru has amended its Anti-Money Laundering and Targeted Financial Sanctions Act 2023, ensuring the autonomy of the Nauru Financial Intelligence Unit. The country has also consistently enforced the Beneficial Ownership Act 2017, maintaining a manual and electronic database of beneficial owners, which is accessible online.

Judicial System Improvements

Prosecutions Policy

Since 2020, the Prosecutions Policy is implemented and publicly accessible.

Court Structure

Nauru’s court structure now includes the District Court, Supreme Court, and Nauru Court of Appeal, with a panel of justices from Pacific regions.

Statutes and Court Procedures

Statutes and court procedures have been updated to facilitate virtual courts and oath administration.

Information sharing among supervisory bodies is made possible under the Mutual Assistance in Criminal Matters Act 2004 and its regulations, alongside the Proceeds of Crime Act 2004. Nauru has reviewed its laws on terrorism, proliferation, and money laundering and made changes in accordance with international obligations and UNSC Resolutions.

Cashless Economy

One of Nauru’s most significant achievements in reducing financial crimes is the transition of its economy to a cashless system, with 98% of sales and purchases being digital, electronic, or online.

Support for Transparency and Global Cooperation

The Republic of Nauru expressed its support for making its UNCAC Country second cycle review report available to the public and co-sponsored the Small Island Developing States Resolution, tabled by Kiribati.

Conclusion

In conclusion, the Republic of Nauru underscored its dedication to the tenets of the UNCAC and expressed gratitude for the vital support from UNODC and international development partners as they work towards a more transparent and crime-free future.