The International Chamber of Commerce (ICC) has welcomed a new anti-corruption monitoring mechanism which was agreed at the United Nations Convention Against Corruption (CAC) conference. The new mechanism aims to help identify gaps in national anti-corruption laws and practices to provide better delivery of technical assistance to countries seeking to improve their anti-corruption measures. The mechanism is expected to be based on self-assessment checklists and peer reviews conducted by experts every five years, which must be compiled by each of the 142 signatory states. However, only the executive summary of each report will be made public.
Chairman of the ICC Commission on Anti-Corruption, Francois Vincke, commented that the ICC "are moving towards having a level playing field and towards the provisions of UN CAC being applied equally all over the world.”