World Bank Study Finds That Disclosure of Assets and Income by Public Officials Is Crucial to Curbing Corruption

Income and asset disclosure (“IAD”) systems are gaining recognition as an important corruption prevention and anticorruption enforcement tool. However, experiences with the implementation and enforcement of financial disclosure requirements are very mixed globally, and there is little information available to assist policy makers and practitioners in addressing the challenges of establishing or strengthening these systems. Public Office, Private Interests: Accountability through Income and Asset Disclosure seeks to address that gap. Income and asset disclosure is intended to prevent and help detect the use of public office for private gain, and to help build a climate of integrity in public administration. This volume examines the objectives, design features, and implementation approaches that can contribute to the effectiveness of an IAD system in a variety of contexts. This publication explores a range of options relating to the institutional arrangements and regulatory frameworks for IAD systems, as well as the institutional capacities required for implementing agencies to fulfill their mandates. Drawing on extensive data and detailed case studies, the book looks at the core design features and implementation challenges of an IAD regime in terms of the scope and coverage of the disclosure requirement, monitoring and facilitation of compliance, verification of content, enforcement of sanctions, and the public availability of information.

Originally Published: 
28/03/2012