APEC countries agree to establish network to curb corruption

November 8, 2014 8:53 AM

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BEIJING (Reuters) - Asia Pacific countries agreed on Saturday to cooperate on the extradition of corrupt officials, enhance asset recovery efforts and establish an anti-corruption transparency network to share intelligence on graft.

The network, called the APEC Network of Anti-Corruption Authorities and Law Enforcement Agencies (ACT-NET), is the first such network that members of the Asia-Pacific Economic Cooperation group had worked to set up. It is led by China but also pushed forward by the United States.

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