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Russia’s Financial Institutions Take Aim at Corruption
Moscow, Russia - The Russian Federation has taken significant steps to combat corruption within its financial institutions. According to experts, the country’s anti-corruption policies are crucial in preventing and eliminating corruption offenses.
Combating Corruption: A National Priority
The fight against corruption is a top priority for the state, and federal authorities, state authorities of the constituent entities, local self-government bodies, civil society institutions, and individuals are all working together to achieve this goal. Under Federal Law No. 273 of 2008 “On Combating Corruption”, anti-corruption activities include:
- Preventing corruption
- Identifying and investigating corruption offenses
- Mitigating their consequences
This law has been instrumental in shaping efficient systems of administration based on a universal approach to treating people within these systems.
The Importance of the Anti-Corruption Principle
Experts say that the anti-corruption principle is essential for constitutional law development and has become a critical contributor to the country’s internal and external policy. The Russian government has also signed onto the UN Global Compact, which outlines 10 principles for businesses to combat corruption. This commitment demonstrates Russia’s dedication to combating corruption and promoting transparency within its financial institutions.
Sources
- Federal Law No. 273 of 2008 “On Combating Corruption”
- Khabrieva TY (2015) Corruption: nature, manifestation, countering
- Lafitsky VI (2019) Constitutional principle of combating corruption
Contact Information
Igor Bartsits, Institute of Public Administration and Civil Service of the Russian Presidential Academy of National Economy and Public Administration.
Published in:
Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_4188-1