{"disclaimer":"Automatically generated transcript — may contain errors. Not an official United Nations record.","video":{"id":"k1o/k1ofpf5f8a","kaltura_id":"1_ofpf5f8a","title":"Economic and Social Council: 9th plenary meeting, 2026 session","clean_title":"Economic and Social Council: 9th plenary meeting, 2026 session","url":"https://webtv.un.org/en/asset/k1o/k1ofpf5f8a","date":"2026-02-04T00:00:00.000Z","scheduled_time":"2026-02-04T15:00:00.000Z","status":"finished","duration":"03:06:43","category":"Economic and Social Council","body":"Economic and Social Council","event_code":null,"event_type":null,"session_number":"9th plenary meeting","pv_symbol":"E/2026/SR.9","pv_part":1,"slug":"ecosoc/2026/9"},"metadata":{"summary":"ECOSOC's first Special Meeting on Financial Integrity, mandated by the Sevilla Commitment adopted at the Fourth International Conference on Financing for Development (FFD4), will provide an inclusive, policy-oriented platform to advance dialogue on combating illicit financial flows.","description":null,"categories":["Meetings & Events","Economic and Social Council","Substantive Sessions","2026 Session"],"geographic_subject":[],"subject_topical":["INTERNATIONAL COOPERATION","INFORMATION"],"corporate_name":["ECONOMIC AND SOCIAL COUNCIL - ECOSOC"],"speaker_affiliation":[],"related_documents":[]},"transcript":{"transcript_id":"ba80d076-96b4-491c-aec9-6ef762457ce6","language":"en","data":[{"statement_number":1,"paragraphs":[{"sentences":[{"text":"Good morning, colleagues, Excellencies, colleagues, I call to order the ninth meeting of the Economic and Social Council.","start":3.28,"end":11.84,"topics":[],"words":[{"text":"Good","start":3.28,"end":3.48},{"text":"morning,","start":3.48,"end":3.84},{"text":"colleagues,","start":4,"end":4.72},{"text":"Excellencies,","start":4.72,"end":5.52},{"text":"colleagues,","start":5.52,"end":6},{"text":"I","start":6,"end":6.24},{"text":"call","start":6.24,"end":6.48},{"text":"to","start":6.48,"end":6.72},{"text":"order","start":6.72,"end":7.04},{"text":"the","start":7.84,"end":8.16},{"text":"ninth","start":8.16,"end":8.48},{"text":"meeting","start":8.48,"end":8.76},{"text":"of","start":8.76,"end":9},{"text":"the","start":9,"end":9.16},{"text":"Economic","start":9.16,"end":9.44},{"text":"and","start":9.84,"end":10.2},{"text":"Social","start":10.2,"end":10.56},{"text":"Council.","start":11.44,"end":11.84}]},{"text":"Excellencies, distinguished delegates, I invite the Economic and Social Council to begin its consideration of sub item A of agenda item 11 entitled follow up to the International Conference on Financing for Development in order to hold a special meeting of the Council on Financial Integrity.","start":13.52,"end":38.71,"topics":[],"words":[{"text":"Excellencies,","start":13.52,"end":14.4},{"text":"distinguished","start":15.44,"end":16.36},{"text":"delegates,","start":16.36,"end":16.96},{"text":"I","start":17.68,"end":18},{"text":"invite","start":18,"end":18.4},{"text":"the","start":18.4,"end":18.6},{"text":"Economic","start":18.6,"end":18.88},{"text":"and","start":18.96,"end":19.28},{"text":"Social","start":19.28,"end":19.6},{"text":"Council","start":19.68,"end":20.08},{"text":"to","start":20.16,"end":20.48},{"text":"begin","start":20.48,"end":20.88},{"text":"its","start":20.88,"end":21.28},{"text":"consideration","start":21.6,"end":22.48},{"text":"of","start":23.92,"end":24.32},{"text":"sub","start":24.32,"end":24.68},{"text":"item","start":24.68,"end":25.12},{"text":"A","start":25.12,"end":25.4},{"text":"of","start":25.4,"end":25.72},{"text":"agenda","start":25.72,"end":26.36},{"text":"item","start":26.36,"end":26.76},{"text":"11","start":26.76,"end":27.12},{"text":"entitled","start":28.23,"end":28.95},{"text":"follow","start":29.03,"end":29.35},{"text":"up","start":29.35,"end":29.59},{"text":"to","start":29.59,"end":29.79},{"text":"the","start":29.79,"end":29.95},{"text":"International","start":29.95,"end":30.23},{"text":"Conference","start":30.47,"end":31.03},{"text":"on","start":31.03,"end":31.27},{"text":"Financing","start":31.27,"end":31.83},{"text":"for","start":31.83,"end":32.07},{"text":"Development","start":32.07,"end":32.39},{"text":"in","start":33.11,"end":33.39},{"text":"order","start":33.39,"end":33.63},{"text":"to","start":33.63,"end":33.91},{"text":"hold","start":33.91,"end":34.15},{"text":"a","start":34.15,"end":34.35},{"text":"special","start":34.35,"end":34.63},{"text":"meeting","start":34.71,"end":35.11},{"text":"of","start":35.11,"end":35.47},{"text":"the","start":35.47,"end":35.71},{"text":"Council","start":35.71,"end":35.99},{"text":"on","start":36.87,"end":37.27},{"text":"Financial","start":37.27,"end":37.67},{"text":"Integrity.","start":37.99,"end":38.71}]}]},{"sentences":[{"text":"Now let me deliver my opening statement.","start":43.11,"end":48.71,"topics":[],"words":[{"text":"Now","start":43.11,"end":43.51},{"text":"let","start":43.67,"end":43.95},{"text":"me","start":43.95,"end":44.23},{"text":"deliver","start":46.71,"end":47.11},{"text":"my","start":47.19,"end":47.59},{"text":"opening","start":47.67,"end":48.31},{"text":"statement.","start":48.31,"end":48.71}]},{"text":"USC Guide Riders, Excellencies, distinguished delegates, colleagues, ladies and gentlemen, it is my honor to welcome you to the Economic and Social Council's first ever special meeting on Financial Integrity.","start":50.31,"end":67.19,"topics":[],"words":[{"text":"USC","start":50.31,"end":50.91},{"text":"Guide","start":50.91,"end":51.23},{"text":"Riders,","start":51.23,"end":51.83},{"text":"Excellencies,","start":52.23,"end":53.19},{"text":"distinguished","start":54.07,"end":54.67},{"text":"delegates,","start":54.67,"end":55.15},{"text":"colleagues,","start":55.15,"end":55.83},{"text":"ladies","start":55.83,"end":56.27},{"text":"and","start":56.27,"end":56.43},{"text":"gentlemen,","start":56.43,"end":57.11},{"text":"it","start":57.51,"end":57.79},{"text":"is","start":57.79,"end":57.99},{"text":"my","start":57.99,"end":58.23},{"text":"honor","start":58.23,"end":58.71},{"text":"to","start":58.71,"end":58.95},{"text":"welcome","start":58.95,"end":59.35},{"text":"you","start":59.35,"end":59.67},{"text":"to","start":59.83,"end":60.11},{"text":"the","start":60.11,"end":60.27},{"text":"Economic","start":60.27,"end":60.55},{"text":"and","start":60.71,"end":61.03},{"text":"Social","start":61.03,"end":61.35},{"text":"Council's","start":61.43,"end":62.31},{"text":"first","start":62.79,"end":63.19},{"text":"ever","start":63.27,"end":63.67},{"text":"special","start":63.99,"end":64.39},{"text":"meeting","start":64.47,"end":64.87},{"text":"on","start":65.35,"end":65.75},{"text":"Financial","start":65.75,"end":66.15},{"text":"Integrity.","start":66.47,"end":67.19}]},{"text":"We convene today under a mandate entrusted to ECOSOC by Member States through the Soviet Commitment which recognizes that strengthening financial integrity is a systemic development priority that requires coherent multilateral 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financial flows continue to undermine domestic resource mobilization, weaken public trust and erode the social contract with the heaviest burdens borne by developing countries.","start":89.04,"end":101.84,"topics":[],"words":[{"text":"Illicit","start":89.04,"end":89.72},{"text":"financial","start":89.72,"end":90.08},{"text":"flows","start":90.24,"end":90.92},{"text":"continue","start":90.92,"end":91.28},{"text":"to","start":91.36,"end":91.64},{"text":"undermine","start":91.64,"end":92.16},{"text":"domestic","start":92.16,"end":92.64},{"text":"resource","start":92.64,"end":93.12},{"text":"mobilization,","start":93.12,"end":93.76},{"text":"weaken","start":94.32,"end":94.8},{"text":"public","start":94.8,"end":95.2},{"text":"trust","start":95.2,"end":95.68},{"text":"and","start":95.92,"end":96.28},{"text":"erode","start":96.28,"end":96.76},{"text":"the","start":96.76,"end":96.96},{"text":"social","start":96.96,"end":97.239},{"text":"contract","start":97.239,"end":97.6},{"text":"with","start":98.48,"end":98.76},{"text":"the","start":98.76,"end":98.92},{"text":"heaviest","start":98.92,"end":99.44},{"text":"burdens","start":99.44,"end":100.08},{"text":"borne","start":100.16,"end":100.6},{"text":"by","start":100.6,"end":100.84},{"text":"developing","start":100.84,"end":101.48},{"text":"countries.","start":101.48,"end":101.84}]},{"text":"Financial integrity is therefore not a NIST issue.","start":103.04,"end":106.88,"topics":[],"words":[{"text":"Financial","start":103.04,"end":103.44},{"text":"integrity","start":103.68,"end":104.36},{"text":"is","start":104.36,"end":104.64},{"text":"therefore","start":104.64,"end":105.2},{"text":"not","start":105.44,"end":105.8},{"text":"a","start":105.8,"end":106.04},{"text":"NIST","start":106.04,"end":106.48},{"text":"issue.","start":106.48,"end":106.88}]}]},{"sentences":[{"text":"It is central to sustainable development, to fairness in the global economy and central to the credibility of our 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efforts to address the challenges span multiple policy and institutional domains.","start":119.77,"end":127.93,"topics":[],"words":[{"text":"At","start":119.77,"end":120.09},{"text":"the","start":120.09,"end":120.29},{"text":"same","start":120.29,"end":120.49},{"text":"time,","start":120.49,"end":120.81},{"text":"efforts","start":121.45,"end":122.01},{"text":"to","start":122.01,"end":122.25},{"text":"address","start":122.25,"end":122.53},{"text":"the","start":122.53,"end":122.81},{"text":"challenges","start":122.81,"end":123.41},{"text":"span","start":123.41,"end":124.01},{"text":"multiple","start":124.49,"end":125.29},{"text":"policy","start":125.37,"end":125.77},{"text":"and","start":126.01,"end":126.41},{"text":"institutional","start":126.41,"end":127.33},{"text":"domains.","start":127.33,"end":127.93}]},{"text":"Stand up norms and operational frameworks have been and continue to be developed across intergovernmental bodies that includes tax cooperation forums, anti money laundering and counter financing of terrorism mechanisms, anti corruption treaty bodies, Customs cooperation organization, financial regulatory standards set up and law enforcement networks.","start":128.49,"end":158.4,"topics":[],"words":[{"text":"Stand","start":128.49,"end":128.89},{"text":"up","start":128.89,"end":129.21},{"text":"norms","start":129.21,"end":129.73},{"text":"and","start":129.73,"end":130.05},{"text":"operational","start":130.05,"end":130.65},{"text":"frameworks","start":130.65,"end":131.45},{"text":"have","start":132.01,"end":132.33},{"text":"been","start":132.33,"end":132.65},{"text":"and","start":133.12,"end":133.36},{"text":"continue","start":133.36,"end":133.76},{"text":"to","start":133.92,"end":134.16},{"text":"be","start":134.16,"end":134.32},{"text":"developed","start":134.32,"end":134.96},{"text":"across","start":135.36,"end":135.76},{"text":"intergovernmental","start":136.08,"end":137.2},{"text":"bodies","start":137.2,"end":137.68},{"text":"that","start":138.8,"end":139.16},{"text":"includes","start":139.16,"end":139.76},{"text":"tax","start":140.4,"end":140.8},{"text":"cooperation","start":140.8,"end":141.44},{"text":"forums,","start":141.44,"end":142.08},{"text":"anti","start":143.2,"end":143.64},{"text":"money","start":143.64,"end":143.88},{"text":"laundering","start":143.88,"end":144.36},{"text":"and","start":144.36,"end":144.64},{"text":"counter","start":144.64,"end":145.16},{"text":"financing","start":145.16,"end":145.76},{"text":"of","start":145.76,"end":145.96},{"text":"terrorism","start":145.96,"end":146.44},{"text":"mechanisms,","start":146.44,"end":147.28},{"text":"anti","start":147.68,"end":148.2},{"text":"corruption","start":148.2,"end":148.76},{"text":"treaty","start":148.76,"end":149.239},{"text":"bodies,","start":149.239,"end":149.68},{"text":"Customs","start":150.16,"end":150.88},{"text":"cooperation","start":150.88,"end":151.56},{"text":"organization,","start":151.56,"end":152.24},{"text":"financial","start":152.88,"end":153.28},{"text":"regulatory","start":153.76,"end":154.4},{"text":"standards","start":154.4,"end":155},{"text":"set","start":155,"end":155.28},{"text":"up","start":155.28,"end":155.6},{"text":"and","start":155.92,"end":156.28},{"text":"law","start":156.28,"end":156.6},{"text":"enforcement","start":156.6,"end":157.44},{"text":"networks.","start":157.68,"end":158.4}]},{"text":"It plays an indispensable role in addressing illicit financial flows.","start":159.21,"end":164.17,"topics":[],"words":[{"text":"It","start":159.21,"end":159.45},{"text":"plays","start":159.45,"end":159.81},{"text":"an","start":159.81,"end":160.01},{"text":"indispensable","start":160.01,"end":160.89},{"text":"role","start":160.89,"end":161.29},{"text":"in","start":161.61,"end":161.97},{"text":"addressing","start":161.97,"end":162.49},{"text":"illicit","start":162.49,"end":163.09},{"text":"financial","start":163.09,"end":163.45},{"text":"flows.","start":163.53,"end":164.17}]},{"text":"8.","start":164.89,"end":165.29,"topics":[],"words":[{"text":"8.","start":164.89,"end":165.29}]}]},{"sentences":[{"text":"Gap sign asymmetries are inevitable this is precisely where ECOSOC has a valuable role to 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the President of the Council, I want to emphasize that ECOSOC is uniquely positioned to be the coordination space for this 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specialized bodies perform essential technical work, the United nations, under the auspices of the ecosoc, provides the inclusive platform necessary to connect experiences, highlight gaps and support more coherent implementations across 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meeting reflects that coefficient role.","start":232.24,"end":235.28,"topics":[],"words":[{"text":"Today's","start":232.24,"end":232.84},{"text":"meeting","start":232.84,"end":233.08},{"text":"reflects","start":233.08,"end":233.76},{"text":"that","start":233.84,"end":234.2},{"text":"coefficient","start":234.2,"end":234.92},{"text":"role.","start":234.92,"end":235.28}]},{"text":"Our first segment focuses on strengthening global coordination on policy and norm setting for the exchange of information and data, recognizing that transparency frameworks and data sharing arrangements must be fair, accessible and governed in a way that supports all 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this special meeting complements but does not replace ongoing work in other intergovernmental and Technical Forums.","start":277.7,"end":288.1,"topics":[],"words":[{"text":"Importantly,","start":277.7,"end":278.58},{"text":"this","start":278.98,"end":279.379},{"text":"special","start":279.38,"end":279.78},{"text":"meeting","start":279.86,"end":280.26},{"text":"complements","start":280.26,"end":280.98},{"text":"but","start":282.02,"end":282.42},{"text":"does","start":282.42,"end":282.78},{"text":"not","start":282.78,"end":283.06},{"text":"replace","start":283.06,"end":283.62},{"text":"ongoing","start":283.62,"end":284.3},{"text":"work","start":284.3,"end":284.66},{"text":"in","start":284.9,"end":285.22},{"text":"other","start":285.22,"end":285.54},{"text":"intergovernmental","start":285.54,"end":286.7},{"text":"and","start":286.7,"end":287.02},{"text":"Technical","start":287.02,"end":287.5},{"text":"Forums.","start":287.5,"end":288.1}]},{"text":"I believe this is a historic 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United Nations Committee of Experts on International Cooperation on Tax Matters has contributed practical tools to support countries, particularly developing countries, in strengthening tax 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this way, ECOSOC contributes to strengthening coherence and supporting implementation across the financial integrity agenda.","start":426.78,"end":436.62,"topics":[],"words":[{"text":"In","start":426.78,"end":427.1},{"text":"this","start":427.1,"end":427.34},{"text":"way,","start":427.34,"end":427.66},{"text":"ECOSOC","start":428.14,"end":428.98},{"text":"contributes","start":428.98,"end":429.58},{"text":"to","start":429.58,"end":429.86},{"text":"strengthening","start":429.86,"end":430.54},{"text":"coherence","start":430.54,"end":431.26},{"text":"and","start":431.34,"end":431.74},{"text":"supporting","start":431.74,"end":432.42},{"text":"implementation","start":432.42,"end":433.34},{"text":"across","start":433.739,"end":434.14},{"text":"the","start":434.14,"end":434.5},{"text":"financial","start":434.5,"end":434.86},{"text":"integrity","start":435.26,"end":435.94},{"text":"agenda.","start":435.94,"end":436.62}]},{"text":"Excellencies, distinguished Delegates, I encourage all delegations and stakeholders to encourage, actively, engage actively and constructively in our discussion today.","start":437.26,"end":449.46,"topics":[],"words":[{"text":"Excellencies,","start":437.26,"end":438.14},{"text":"distinguished","start":438.46,"end":439.14},{"text":"Delegates,","start":439.14,"end":439.74},{"text":"I","start":440.22,"end":440.58},{"text":"encourage","start":440.58,"end":441.18},{"text":"all","start":441.18,"end":441.5},{"text":"delegations","start":441.5,"end":442.22},{"text":"and","start":442.46,"end":442.82},{"text":"stakeholders","start":442.82,"end":443.5},{"text":"to","start":443.5,"end":443.7},{"text":"encourage,","start":443.7,"end":444.22},{"text":"actively,","start":444.66,"end":445.3},{"text":"engage","start":446.1,"end":446.66},{"text":"actively","start":446.66,"end":447.18},{"text":"and","start":447.18,"end":447.42},{"text":"constructively","start":447.42,"end":448.18},{"text":"in","start":448.18,"end":448.38},{"text":"our","start":448.38,"end":448.58},{"text":"discussion","start":448.58,"end":449.14},{"text":"today.","start":449.14,"end":449.46}]},{"text":"Your experiences, your perspectives and your practical insights are essential to shaping more coherent, more inclusive and more effective approaches.","start":450.34,"end":462.34,"topics":[],"words":[{"text":"Your","start":450.34,"end":450.7},{"text":"experiences,","start":450.7,"end":451.5},{"text":"your","start":451.5,"end":451.82},{"text":"perspectives","start":451.82,"end":452.5},{"text":"and","start":452.5,"end":452.82},{"text":"your","start":452.82,"end":453.06},{"text":"practical","start":453.06,"end":453.58},{"text":"insights","start":453.58,"end":454.26},{"text":"are","start":454.58,"end":454.9},{"text":"essential","start":454.9,"end":455.46},{"text":"to","start":455.94,"end":456.3},{"text":"shaping","start":456.3,"end":456.9},{"text":"more","start":456.9,"end":457.26},{"text":"coherent,","start":457.26,"end":458.02},{"text":"more","start":458.5,"end":458.86},{"text":"inclusive","start":458.86,"end":459.7},{"text":"and","start":459.86,"end":460.18},{"text":"more","start":460.18,"end":460.5},{"text":"effective","start":461.06,"end":461.62},{"text":"approaches.","start":461.62,"end":462.34}]}]},{"sentences":[{"text":"Let us use this space under the ECOSOCS auspices to strengthen coordinations, to close gaps and to ensure that our collective efforts on financial integrity better support sustainable development for all.","start":462.82,"end":479.33,"topics":[],"words":[{"text":"Let","start":462.82,"end":463.1},{"text":"us","start":463.1,"end":463.34},{"text":"use","start":463.34,"end":463.7},{"text":"this","start":463.7,"end":464.1},{"text":"space","start":464.18,"end":464.58},{"text":"under","start":465.3,"end":465.66},{"text":"the","start":465.66,"end":465.9},{"text":"ECOSOCS","start":465.9,"end":466.54},{"text":"auspices","start":466.54,"end":467.14},{"text":"to","start":467.46,"end":467.78},{"text":"strengthen","start":467.78,"end":468.34},{"text":"coordinations,","start":468.34,"end":469.3},{"text":"to","start":469.46,"end":469.78},{"text":"close","start":469.78,"end":470.1},{"text":"gaps","start":470.1,"end":470.66},{"text":"and","start":471.25,"end":471.41},{"text":"to","start":471.41,"end":471.65},{"text":"ensure","start":471.65,"end":471.97},{"text":"that","start":471.97,"end":472.33},{"text":"our","start":472.33,"end":472.61},{"text":"collective","start":472.61,"end":473.17},{"text":"efforts","start":473.17,"end":473.73},{"text":"on","start":473.81,"end":474.17},{"text":"financial","start":474.17,"end":474.53},{"text":"integrity","start":474.61,"end":475.33},{"text":"better","start":475.33,"end":475.73},{"text":"support","start":475.73,"end":476.13},{"text":"sustainable","start":476.69,"end":477.45},{"text":"development","start":477.45,"end":477.81},{"text":"for","start":478.53,"end":478.93},{"text":"all.","start":478.93,"end":479.33}]},{"text":"I thank you.","start":479.73,"end":480.53,"topics":[],"words":[{"text":"I","start":479.73,"end":480.01},{"text":"thank","start":480.01,"end":480.25},{"text":"you.","start":480.25,"end":480.53}]}]},{"sentences":[{"text":"I now invite Mr. Guy Ryder under Secretary General for Policy, to deliver a statement on behalf of the Secretary General.","start":486.29,"end":495.81,"topics":[],"words":[{"text":"I","start":486.29,"end":486.61},{"text":"now","start":486.61,"end":486.929},{"text":"invite","start":486.929,"end":487.49},{"text":"Mr.","start":487.57,"end":488.01},{"text":"Guy","start":488.01,"end":488.37},{"text":"Ryder","start":488.37,"end":488.77},{"text":"under","start":488.77,"end":489.09},{"text":"Secretary","start":489.09,"end":489.53},{"text":"General","start":489.53,"end":489.81},{"text":"for","start":489.81,"end":490.17},{"text":"Policy,","start":490.17,"end":490.53},{"text":"to","start":491.25,"end":491.53},{"text":"deliver","start":491.53,"end":491.81},{"text":"a","start":491.97,"end":492.25},{"text":"statement","start":492.25,"end":492.53},{"text":"on","start":493.49,"end":493.81},{"text":"behalf","start":493.81,"end":494.37},{"text":"of","start":494.37,"end":494.65},{"text":"the","start":494.65,"end":494.93},{"text":"Secretary","start":494.93,"end":495.49},{"text":"General.","start":495.49,"end":495.81}]}]}],"speaker":{"name":null,"affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"President"}},{"statement_number":2,"paragraphs":[{"sentences":[{"text":"Thank you very much, Mr. President, Excellencies, colleagues Last month the Economic and Social council marked its 80th anniversary.","start":497.58,"end":506.78,"topics":[],"words":[{"text":"Thank","start":497.58,"end":497.74},{"text":"you","start":497.74,"end":497.86},{"text":"very","start":497.86,"end":498.02},{"text":"much,","start":498.02,"end":498.3},{"text":"Mr.","start":498.38,"end":498.78},{"text":"President,","start":498.78,"end":499.1},{"text":"Excellencies,","start":499.26,"end":500.06},{"text":"colleagues","start":500.54,"end":501.26},{"text":"Last","start":502.06,"end":502.42},{"text":"month","start":502.42,"end":502.74},{"text":"the","start":502.74,"end":503.1},{"text":"Economic","start":503.1,"end":503.5},{"text":"and","start":503.58,"end":503.86},{"text":"Social","start":503.86,"end":504.14},{"text":"council","start":504.14,"end":504.54},{"text":"marked","start":504.62,"end":505.1},{"text":"its","start":505.1,"end":505.34},{"text":"80th","start":505.34,"end":505.9},{"text":"anniversary.","start":505.98,"end":506.78}]},{"text":"Since its inception, ECOSOC has been a platform for global dialogue and international cooperation in economic matters.","start":507.58,"end":515.42,"topics":[],"words":[{"text":"Since","start":507.58,"end":507.9},{"text":"its","start":507.9,"end":508.14},{"text":"inception,","start":508.14,"end":508.86},{"text":"ECOSOC","start":509.18,"end":510.02},{"text":"has","start":510.02,"end":510.26},{"text":"been","start":510.26,"end":510.42},{"text":"a","start":510.42,"end":510.62},{"text":"platform","start":510.62,"end":511.06},{"text":"for","start":511.06,"end":511.34},{"text":"global","start":511.34,"end":511.62},{"text":"dialogue","start":511.62,"end":512.38},{"text":"and","start":512.62,"end":512.94},{"text":"international","start":512.94,"end":513.26},{"text":"cooperation","start":513.42,"end":514.14},{"text":"in","start":514.14,"end":514.34},{"text":"economic","start":514.34,"end":514.62},{"text":"matters.","start":514.78,"end":515.42}]},{"text":"Today we are facing mounting geopolitical tension and a crisis of trust in multilateral institutions.","start":516.54,"end":522.78,"topics":[],"words":[{"text":"Today","start":516.54,"end":516.94},{"text":"we","start":517.02,"end":517.3},{"text":"are","start":517.3,"end":517.46},{"text":"facing","start":517.46,"end":517.82},{"text":"mounting","start":517.82,"end":518.22},{"text":"geopolitical","start":518.22,"end":518.98},{"text":"tension","start":518.98,"end":519.5},{"text":"and","start":519.82,"end":520.1},{"text":"a","start":520.1,"end":520.26},{"text":"crisis","start":520.26,"end":520.66},{"text":"of","start":520.66,"end":520.86},{"text":"trust","start":520.86,"end":521.22},{"text":"in","start":521.22,"end":521.46},{"text":"multilateral","start":521.46,"end":522.18},{"text":"institutions.","start":522.18,"end":522.78}]}]},{"sentences":[{"text":"At the same time, developing countries lack sufficient resources for investment in sustainable development.","start":524.609,"end":531.169,"topics":[],"words":[{"text":"At","start":524.609,"end":524.729},{"text":"the","start":524.729,"end":524.889},{"text":"same","start":524.889,"end":525.089},{"text":"time,","start":525.089,"end":525.369},{"text":"developing","start":525.369,"end":525.969},{"text":"countries","start":525.969,"end":526.289},{"text":"lack","start":526.849,"end":527.249},{"text":"sufficient","start":527.249,"end":527.729},{"text":"resources","start":527.729,"end":528.369},{"text":"for","start":528.769,"end":529.049},{"text":"investment","start":529.049,"end":529.329},{"text":"in","start":529.969,"end":530.289},{"text":"sustainable","start":530.289,"end":530.849},{"text":"development.","start":530.849,"end":531.169}]},{"text":"One factor behind this situation is that financial integrity is sorely lacking.","start":532.369,"end":537.889,"topics":[],"words":[{"text":"One","start":532.369,"end":532.729},{"text":"factor","start":532.729,"end":533.129},{"text":"behind","start":533.129,"end":533.369},{"text":"this","start":533.369,"end":533.609},{"text":"situation","start":533.609,"end":534.049},{"text":"is","start":534.529,"end":534.849},{"text":"that","start":534.849,"end":535.089},{"text":"financial","start":535.089,"end":535.409},{"text":"integrity","start":535.489,"end":536.209},{"text":"is","start":536.529,"end":536.889},{"text":"sorely","start":536.889,"end":537.409},{"text":"lacking.","start":537.409,"end":537.889}]},{"text":"It is estimated that illicit financial flows cost countries tens of billions of dollars every year and Every dollar lost to these flows, whether through illegal acts or abusive but legal tax avoidance, is a dollar diverted from those striving for a better future.","start":538.609,"end":560.12,"topics":[{"key":"un-tax-convention","label":"UN Tax 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resources should be spent to get us back on track to achieve the Sustainable Development Goals.","start":561.16,"end":568.28,"topics":[],"words":[{"text":"These","start":561.16,"end":561.52},{"text":"resources","start":561.52,"end":562.08},{"text":"should","start":562.08,"end":562.32},{"text":"be","start":562.32,"end":562.52},{"text":"spent","start":562.52,"end":562.92},{"text":"to","start":563.4,"end":563.68},{"text":"get","start":563.68,"end":563.92},{"text":"us","start":563.92,"end":564.2},{"text":"back","start":564.2,"end":564.48},{"text":"on","start":564.48,"end":564.76},{"text":"track","start":564.76,"end":565.08},{"text":"to","start":565.4,"end":565.76},{"text":"achieve","start":565.76,"end":566.28},{"text":"the","start":566.28,"end":566.6},{"text":"Sustainable","start":566.6,"end":567.2},{"text":"Development","start":567.2,"end":567.56},{"text":"Goals.","start":567.8,"end":568.28}]},{"text":"They should be invested in a just energy transition and combating the climate crisis.","start":569.08,"end":574.68,"topics":[],"words":[{"text":"They","start":569.08,"end":569.36},{"text":"should","start":569.36,"end":569.52},{"text":"be","start":569.52,"end":569.72},{"text":"invested","start":569.72,"end":570.16},{"text":"in","start":570.16,"end":570.36},{"text":"a","start":570.36,"end":570.52},{"text":"just","start":570.52,"end":570.76},{"text":"energy","start":570.76,"end":571.16},{"text":"transition","start":571.24,"end":571.88},{"text":"and","start":572.2,"end":572.52},{"text":"combating","start":572.52,"end":573.08},{"text":"the","start":573.32,"end":573.64},{"text":"climate","start":573.64,"end":574.04},{"text":"crisis.","start":574.04,"end":574.68}]}]},{"sentences":[{"text":"They should be invested into girls education and in delivering health care.","start":575.57,"end":579.81,"topics":[],"words":[{"text":"They","start":575.57,"end":575.69},{"text":"should","start":575.69,"end":575.85},{"text":"be","start":575.85,"end":576.05},{"text":"invested","start":576.05,"end":576.53},{"text":"into","start":576.53,"end":576.81},{"text":"girls","start":576.81,"end":577.25},{"text":"education","start":577.25,"end":577.57},{"text":"and","start":578.21,"end":578.49},{"text":"in","start":578.49,"end":578.69},{"text":"delivering","start":578.69,"end":579.17},{"text":"health","start":579.17,"end":579.45},{"text":"care.","start":579.45,"end":579.81}]},{"text":"Illicit financial flows are not just a technical 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Excellencies.","start":779.25,"end":781.73,"topics":[],"words":[{"text":"Guy","start":779.25,"end":779.61},{"text":"riders,","start":779.61,"end":780.29},{"text":"Excellencies.","start":780.85,"end":781.73}]},{"text":"Distinctive delegates.","start":781.97,"end":783.25,"topics":[],"words":[{"text":"Distinctive","start":781.97,"end":782.69},{"text":"delegates.","start":782.69,"end":783.25}]},{"text":"Unfortunately, Professor Joseph Stricklitz couldn't be here today.","start":783.65,"end":788.21,"topics":[],"words":[{"text":"Unfortunately,","start":783.65,"end":784.53},{"text":"Professor","start":784.53,"end":785.13},{"text":"Joseph","start":785.13,"end":785.61},{"text":"Stricklitz","start":785.61,"end":786.61},{"text":"couldn't","start":786.69,"end":787.29},{"text":"be","start":787.29,"end":787.57},{"text":"here","start":787.57,"end":787.85},{"text":"today.","start":787.85,"end":788.21}]},{"text":"I now invite Ms. Virenuka Grundona, Senior Advisor on International Corporate Taxation at 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the bottom in taxation, the competition to attract hidden wealth, and the tolerance of secrecy Jurisdictions are collective action failures.","start":1127.88,"end":1145.83,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial flows."},{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial 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can only be resolved collectively.","start":1146.23,"end":1148.63,"topics":[],"words":[{"text":"They","start":1146.23,"end":1146.55},{"text":"can","start":1146.55,"end":1146.75},{"text":"only","start":1146.75,"end":1146.99},{"text":"be","start":1146.99,"end":1147.31},{"text":"resolved","start":1147.31,"end":1147.99},{"text":"collectively.","start":1147.99,"end":1148.63}]},{"text":"Cooperation on financial integrity is also essential because it enables better policy choices 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yet there is now a growing recognition of the weaponization of globalization and international rules to cater to the whims of the powerful, where the strongest can exempt himself when inconvenient rules are enforced asymmetrically and with varying rigor, depending on the identity of the accused or the 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UN Factory Panel made this unmistakably clear.","start":1286.93,"end":1290.85,"topics":[],"words":[{"text":"The","start":1286.93,"end":1287.29},{"text":"UN","start":1287.29,"end":1287.65},{"text":"Factory","start":1287.73,"end":1288.369},{"text":"Panel","start":1288.369,"end":1288.85},{"text":"made","start":1288.85,"end":1289.17},{"text":"this","start":1289.17,"end":1289.45},{"text":"unmistakably","start":1289.45,"end":1290.37},{"text":"clear.","start":1290.45,"end":1290.85}]},{"text":"Tax abuse, corruption and financial secrecy are not isolated 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of this is technically beyond our reach.","start":1486.39,"end":1489.35,"topics":[],"words":[{"text":"None","start":1486.39,"end":1486.75},{"text":"of","start":1486.75,"end":1486.91},{"text":"this","start":1486.91,"end":1487.11},{"text":"is","start":1487.11,"end":1487.39},{"text":"technically","start":1487.39,"end":1488.07},{"text":"beyond","start":1488.07,"end":1488.63},{"text":"our","start":1488.71,"end":1489.03},{"text":"reach.","start":1489.03,"end":1489.35}]},{"text":"What is missing is not knowledge, but political 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they fall short, we risk entrenching the very failures we claim to address.","start":1710.49,"end":1716.49,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial 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countries.","start":1726.03,"end":1732.03,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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concept of value creation has been exploited by multinationals to theory to cherry pick where to cost certain activities from IP management to global procurement, claiming that this is where value is created.","start":1748.43,"end":1763.8,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial 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reality is that multinationals profits are global in nature and it's difficult, if not impossible to attribute them to a specific country using the current transfer pricing rules.","start":1764.12,"end":1775.32,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial 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fair allocation of taxing rights is one that recognizes that the profits of a multi of multinationals are a result of supply and demand factors from employment to sales.","start":1775.96,"end":1787.13,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial 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hence the only fair solution is one that allocates the profits of multinationals between countries based on a formula that reflects these factors.","start":1787.13,"end":1796.61,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial 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must abandon the fiction that multinationals are collections of independent entities.","start":1797.25,"end":1802.85,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial 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will require country by country information on the activities of multinationals to be available to all tax authorities, which could be achieved by the creation of a central public database for country by country reports.","start":1813.8,"end":1828.12,"topics":[{"key":"global-asset-registry-and-cbcr","label":"Global Asset Registry and CbCR","description":"Progressing toward interconnected or global asset registries and public country-by-country reporting so authorities can track wealth, profits, and taxes across borders and close channels for illicit financial 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commitment included in the outcome document of the Compromiso de Sevilla.","start":1828.76,"end":1833.13,"topics":[],"words":[{"text":"A","start":1828.76,"end":1829.04},{"text":"commitment","start":1829.04,"end":1829.56},{"text":"included","start":1829.56,"end":1830.12},{"text":"in","start":1830.12,"end":1830.32},{"text":"the","start":1830.32,"end":1830.52},{"text":"outcome","start":1830.52,"end":1831},{"text":"document","start":1831,"end":1831.44},{"text":"of","start":1831.44,"end":1831.6},{"text":"the","start":1831.6,"end":1831.76},{"text":"Compromiso","start":1831.76,"end":1832.36},{"text":"de","start":1832.36,"end":1832.48},{"text":"Sevilla.","start":1832.48,"end":1833.13}]},{"text":"The Framework Convention can and should enable this paradigmatic shift.","start":1833.92,"end":1839.04,"topics":[{"key":"un-tax-convention","label":"UN Tax Convention","description":"Advancing negotiations toward a UN Framework Convention on International Tax Cooperation to create inclusive, representative, and effective global tax rules that rebalance taxing rights and curb illicit financial flows."}],"words":[{"text":"The","start":1833.92,"end":1834.08},{"text":"Framework","start":1834.08,"end":1834.56},{"text":"Convention","start":1834.56,"end":1835.28},{"text":"can","start":1835.52,"end":1835.92},{"text":"and","start":1836,"end":1836.36},{"text":"should","start":1836.36,"end":1836.72},{"text":"enable","start":1836.72,"end":1837.2},{"text":"this","start":1837.28,"end":1837.64},{"text":"paradigmatic","start":1837.64,"end":1838.64},{"text":"shift.","start":1838.64,"end":1839.04}]}]},{"sentences":[{"text":"At the same time, we must be clear.","start":1841.28,"end":1843.44,"topics":[],"words":[{"text":"At","start":1841.28,"end":1841.56},{"text":"the","start":1841.56,"end":1841.72},{"text":"same","start":1841.72,"end":1841.96},{"text":"time,","start":1841.96,"end":1842.32},{"text":"we","start":1842.32,"end":1842.64},{"text":"must","start":1842.64,"end":1842.88},{"text":"be","start":1842.88,"end":1843.12},{"text":"clear.","start":1843.12,"end":1843.44}]},{"text":"Global cooperation does not absolve governments of responsibility at 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those standards may not always be well suited to their specific circumstances.","start":2592.45,"end":2598.13,"topics":[],"words":[{"text":"As","start":2592.45,"end":2592.77},{"text":"a","start":2592.77,"end":2592.93},{"text":"result,","start":2592.93,"end":2593.13},{"text":"those","start":2593.13,"end":2593.49},{"text":"standards","start":2593.49,"end":2594.01},{"text":"may","start":2594.01,"end":2594.33},{"text":"not","start":2594.33,"end":2594.61},{"text":"always","start":2594.61,"end":2594.93},{"text":"be","start":2594.93,"end":2595.25},{"text":"well","start":2595.25,"end":2595.57},{"text":"suited","start":2595.81,"end":2596.25},{"text":"to","start":2596.25,"end":2596.49},{"text":"their","start":2596.49,"end":2596.77},{"text":"specific","start":2596.77,"end":2597.29},{"text":"circumstances.","start":2597.29,"end":2598.13}]}]},{"sentences":[{"text":"For instance, they are not adapted for highly informal 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these concerns is essential to strengthen trust, ownership and the effectiveness of international cooperation on policy and norm setting for exchange information and data on tax 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concerns I have outlined now, ranging from imbalance in implementation to historical exclusion from standard settings, point us toward a clear and necessary path 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cannot simply continue to patch a system that many of our members feel was built without them.","start":2677.79,"end":2684.67,"topics":[],"words":[{"text":"We","start":2677.79,"end":2678.07},{"text":"cannot","start":2678.07,"end":2678.55},{"text":"simply","start":2678.55,"end":2678.95},{"text":"continue","start":2678.95,"end":2679.31},{"text":"to","start":2679.39,"end":2679.71},{"text":"patch","start":2679.71,"end":2680.03},{"text":"a","start":2680.03,"end":2680.19},{"text":"system","start":2680.19,"end":2680.43},{"text":"that","start":2680.51,"end":2680.909},{"text":"many","start":2680.99,"end":2681.27},{"text":"of","start":2681.27,"end":2681.47},{"text":"our","start":2681.47,"end":2681.71},{"text":"members","start":2681.71,"end":2682.03},{"text":"feel","start":2682.67,"end":2683.07},{"text":"was","start":2683.23,"end":2683.59},{"text":"built","start":2683.59,"end":2683.95},{"text":"without","start":2683.95,"end":2684.27},{"text":"them.","start":2684.27,"end":2684.67}]}]},{"sentences":[{"text":"Therefore, the way forward must built on three fundamental 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present.","start":2697.24,"end":2705.32,"topics":[],"words":[{"text":"It","start":2697.24,"end":2697.56},{"text":"is","start":2697.56,"end":2697.88},{"text":"no","start":2698.04,"end":2698.32},{"text":"longer","start":2698.32,"end":2698.84},{"text":"sufficient","start":2698.84,"end":2699.44},{"text":"to","start":2699.44,"end":2699.6},{"text":"ask","start":2699.6,"end":2699.88},{"text":"developing","start":2699.88,"end":2700.4},{"text":"countries","start":2700.4,"end":2700.68},{"text":"to","start":2700.68,"end":2700.92},{"text":"implement","start":2700.92,"end":2701.32},{"text":"standards","start":2701.4,"end":2702.12},{"text":"developed","start":2702.52,"end":2703.08},{"text":"in","start":2703.08,"end":2703.32},{"text":"rooms","start":2703.32,"end":2703.72},{"text":"where","start":2703.72,"end":2704.04},{"text":"they","start":2704.2,"end":2704.52},{"text":"were","start":2704.52,"end":2704.76},{"text":"not","start":2704.76,"end":2705},{"text":"present.","start":2705,"end":2705.32}]},{"text":"Current standards and future ones must be designed by all to ensure they are adapted to diverse economic 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2024, information covering more than 171 million bank accounts, representing more than 13,000 billion euros were exchanged 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countries received more than 2.5% more than they provided.","start":3013.47,"end":3018.11,"topics":[],"words":[{"text":"Developing","start":3013.47,"end":3014.07},{"text":"countries","start":3014.07,"end":3014.31},{"text":"received","start":3014.31,"end":3014.63},{"text":"more","start":3014.63,"end":3014.83},{"text":"than","start":3014.83,"end":3014.95},{"text":"2.5%","start":3014.95,"end":3016.11},{"text":"more","start":3016.67,"end":3017.03},{"text":"than","start":3017.03,"end":3017.27},{"text":"they","start":3017.27,"end":3017.51},{"text":"provided.","start":3017.51,"end":3018.11}]},{"text":"So that's six times the value.","start":3018.11,"end":3019.95,"topics":[],"words":[{"text":"So","start":3018.11,"end":3018.31},{"text":"that's","start":3018.31,"end":3018.59},{"text":"six","start":3018.59,"end":3018.91},{"text":"times","start":3018.91,"end":3019.31},{"text":"the","start":3019.39,"end":3019.67},{"text":"value.","start":3019.67,"end":3019.95}]},{"text":"The second lesson is that 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jurisdictions, including 20 developing countries have committed to implement the Framework Declaration on Crypto Assets.","start":3044.49,"end":3052.57,"topics":[],"words":[{"text":"76","start":3044.49,"end":3045.21},{"text":"jurisdictions,","start":3045.21,"end":3046.09},{"text":"including","start":3046.09,"end":3046.49},{"text":"20","start":3046.65,"end":3047.01},{"text":"developing","start":3047.01,"end":3047.53},{"text":"countries","start":3047.53,"end":3047.81},{"text":"have","start":3047.81,"end":3048.05},{"text":"committed","start":3048.05,"end":3048.449},{"text":"to","start":3048.449,"end":3048.61},{"text":"implement","start":3048.61,"end":3049.05},{"text":"the","start":3049.53,"end":3049.93},{"text":"Framework","start":3050.33,"end":3050.85},{"text":"Declaration","start":3050.85,"end":3051.37},{"text":"on","start":3051.37,"end":3051.61},{"text":"Crypto","start":3051.61,"end":3052.09},{"text":"Assets.","start":3052.09,"end":3052.57}]},{"text":"At the same time, implementing a proactive approach in terms of transparency for beneficiaries, in particular central registries, strengthens the availability and accessibility of this 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needs.","start":3077.03,"end":3084.07,"topics":[],"words":[{"text":"Accordingly,","start":3077.03,"end":3077.83},{"text":"all","start":3077.91,"end":3078.19},{"text":"jurisdictions","start":3078.19,"end":3078.87},{"text":"must","start":3078.87,"end":3079.11},{"text":"develop","start":3079.11,"end":3079.43},{"text":"their","start":3079.43,"end":3079.75},{"text":"ability","start":3079.75,"end":3080.15},{"text":"to","start":3080.229,"end":3080.51},{"text":"analyze","start":3080.51,"end":3081.07},{"text":"and","start":3081.07,"end":3081.23},{"text":"use","start":3081.23,"end":3081.43},{"text":"the","start":3081.43,"end":3081.63},{"text":"data","start":3081.63,"end":3081.83},{"text":"that","start":3081.83,"end":3082.03},{"text":"they","start":3082.03,"end":3082.23},{"text":"receive","start":3082.23,"end":3082.71},{"text":"based","start":3083.03,"end":3083.31},{"text":"on","start":3083.31,"end":3083.51},{"text":"their","start":3083.51,"end":3083.75},{"text":"needs.","start":3083.75,"end":3084.07}]},{"text":"Now, none of this can function without trust.","start":3085.59,"end":3088.15,"topics":[],"words":[{"text":"Now,","start":3085.59,"end":3085.95},{"text":"none","start":3085.95,"end":3086.27},{"text":"of","start":3086.27,"end":3086.43},{"text":"this","start":3086.43,"end":3086.63},{"text":"can","start":3086.63,"end":3086.87},{"text":"function","start":3086.87,"end":3087.35},{"text":"without","start":3087.35,"end":3087.67},{"text":"trust.","start":3087.67,"end":3088.15}]},{"text":"The work of the Global Foreman Forum on confidentiality and Data security here are not just technical 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taxpayers, whatever the country where they reside, whether they be rich or poor, warrant their tax data being respected and protected in the same 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she's also going to join us by video connection.","start":3296.25,"end":3298.81,"topics":[],"words":[{"text":"And","start":3296.25,"end":3296.53},{"text":"she's","start":3296.53,"end":3296.85},{"text":"also","start":3296.85,"end":3297.01},{"text":"going","start":3297.01,"end":3297.17},{"text":"to","start":3297.17,"end":3297.33},{"text":"join","start":3297.33,"end":3297.57},{"text":"us","start":3297.57,"end":3297.73},{"text":"by","start":3297.73,"end":3297.93},{"text":"video","start":3297.93,"end":3298.25},{"text":"connection.","start":3298.25,"end":3298.81}]},{"text":"And thank you for joining us despite the busy schedule, preparing for the upcoming FATF plenary 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want to highlight on behalf of the FAT that we fully appreciate the significance of attending this 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of the parties attending the meeting today have a part in that system.","start":3365.77,"end":3369.85,"topics":[],"words":[{"text":"Each","start":3365.77,"end":3365.93},{"text":"of","start":3365.93,"end":3366.09},{"text":"the","start":3366.09,"end":3366.21},{"text":"parties","start":3366.21,"end":3366.57},{"text":"attending","start":3366.57,"end":3367.01},{"text":"the","start":3367.01,"end":3367.25},{"text":"meeting","start":3367.25,"end":3367.49},{"text":"today","start":3367.49,"end":3367.85},{"text":"have","start":3368.25,"end":3368.53},{"text":"a","start":3368.53,"end":3368.73},{"text":"part","start":3368.73,"end":3368.97},{"text":"in","start":3368.97,"end":3369.21},{"text":"that","start":3369.21,"end":3369.49},{"text":"system.","start":3369.49,"end":3369.85}]},{"text":"And today I will be addressing what the FATF does, what we bring to the table and how we can better connect with the other parts of the chain in this 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standards that we set are adopted and implemented by over 200 jurisdictions.","start":3395.82,"end":3401.9,"topics":[],"words":[{"text":"The","start":3395.82,"end":3396.1},{"text":"standards","start":3396.1,"end":3396.54},{"text":"that","start":3396.54,"end":3396.74},{"text":"we","start":3396.74,"end":3396.98},{"text":"set","start":3396.98,"end":3397.34},{"text":"are","start":3397.42,"end":3397.74},{"text":"adopted","start":3397.74,"end":3398.42},{"text":"and","start":3398.42,"end":3398.7},{"text":"implemented","start":3398.7,"end":3399.42},{"text":"by","start":3399.42,"end":3399.74},{"text":"over","start":3399.74,"end":3400.1},{"text":"200","start":3400.1,"end":3400.78},{"text":"jurisdictions.","start":3400.94,"end":3401.9}]},{"text":"And this is very important to highlight because the FATF is truly organized as a global 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the emphasis here is to make sure that it's risk based implementation because we understand that the capacities in the countries, the risks in the countries are different and we don't want to set unrealistic 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Yousef","affiliation":"EGY","affiliation_full":"Egypt","group":null,"function":"Chair"}},{"statement_number":16,"paragraphs":[{"sentences":[{"text":"So this is very shortly.","start":4352.5,"end":4353.62,"topics":[],"words":[{"text":"So","start":4352.5,"end":4352.62},{"text":"this","start":4352.62,"end":4352.78},{"text":"is","start":4352.78,"end":4352.94},{"text":"very","start":4352.94,"end":4353.1},{"text":"shortly.","start":4353.1,"end":4353.62}]},{"text":"Thank you, Rami.","start":4353.78,"end":4354.58,"topics":[],"words":[{"text":"Thank","start":4353.78,"end":4354.06},{"text":"you,","start":4354.06,"end":4354.14},{"text":"Rami.","start":4354.14,"end":4354.58}]},{"text":"And we have a long list of interventions.","start":4354.58,"end":4356.98,"topics":[],"words":[{"text":"And","start":4354.58,"end":4354.78},{"text":"we","start":4354.78,"end":4354.98},{"text":"have","start":4354.98,"end":4355.18},{"text":"a","start":4355.18,"end":4355.38},{"text":"long","start":4355.38,"end":4355.66},{"text":"list","start":4355.66,"end":4355.94},{"text":"of","start":4355.94,"end":4356.22},{"text":"interventions.","start":4356.22,"end":4356.98}]},{"text":"So I'm going to pass the floor to the Vice President to lead the discussion 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Spiegel for moderating the panel and the presenters for their substantive 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many sids, the consequences have been severe and immediate.","start":4488.38,"end":4491.82,"topics":[],"words":[{"text":"For","start":4488.38,"end":4488.66},{"text":"many","start":4488.66,"end":4488.9},{"text":"sids,","start":4488.9,"end":4489.34},{"text":"the","start":4489.34,"end":4489.58},{"text":"consequences","start":4489.58,"end":4490.26},{"text":"have","start":4490.26,"end":4490.5},{"text":"been","start":4490.5,"end":4490.7},{"text":"severe","start":4490.7,"end":4491.1},{"text":"and","start":4491.1,"end":4491.3},{"text":"immediate.","start":4491.3,"end":4491.82}]},{"text":"The FAFT related risk perceptions have led to the withdrawal of correspondent banking relationships and payment channels restricted even in cases where jurisdictions are assessed as largely compliant.","start":4492.06,"end":4505.42,"topics":[{"key":"de-risking-and-correspondent-banking","label":"De-risking and Correspondent Banking","description":"Addressing the loss of correspondent banking relationships and 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to the World bank, over 75% of Caribbean banks except experience a loss of corresponding banking relationships.","start":4505.98,"end":4512.89,"topics":[{"key":"de-risking-and-correspondent-banking","label":"De-risking and Correspondent Banking","description":"Addressing the loss of correspondent banking relationships and financial exclusion—particularly of SIDS and small markets—by promoting proportionate, evidence-based implementation of standards and sustained dialogue with the private 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required to meet the highest of global standards, but are simultaneously denied full access to the financial system for failing to meet standards designed without their realities in mind.","start":4555.12,"end":4565.88,"topics":[{"key":"de-risking-and-correspondent-banking","label":"De-risking and Correspondent Banking","description":"Addressing the loss of correspondent banking relationships and financial exclusion—particularly of SIDS and small markets—by promoting proportionate, evidence-based implementation of standards and sustained dialogue with the private sector."},{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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President.","start":4837.86,"end":4840.18,"topics":[],"words":[{"text":"I","start":4837.86,"end":4838.14},{"text":"thank","start":4838.14,"end":4838.38},{"text":"you","start":4838.38,"end":4838.66},{"text":"the","start":4839.62,"end":4839.9},{"text":"President.","start":4839.9,"end":4840.18}]}]}],"speaker":{"name":null,"affiliation":"ESP","affiliation_full":"Spain","group":null,"function":"Representative"}},{"statement_number":21,"paragraphs":[{"sentences":[{"text":"I thank Spain for the statement.","start":4840.34,"end":4843.62,"topics":[],"words":[{"text":"I","start":4840.34,"end":4840.62},{"text":"thank","start":4840.62,"end":4841.14},{"text":"Spain","start":4841.7,"end":4842.26},{"text":"for","start":4842.58,"end":4842.86},{"text":"the","start":4842.86,"end":4843.14},{"text":"statement.","start":4843.22,"end":4843.62}]},{"text":"I now give the floor to Ecuador who will be followed by Saudi Arabia and then 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with Europol, through the Siena program, we have been able to exchange information promptly with European 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President Panama reaffirms that no country can take on these challenges alone.","start":5677.59,"end":5684.07,"topics":[],"words":[{"text":"Lastly,","start":5677.59,"end":5678.23},{"text":"President","start":5678.23,"end":5678.55},{"text":"Panama","start":5678.709,"end":5679.35},{"text":"reaffirms","start":5679.35,"end":5680.07},{"text":"that","start":5680.07,"end":5680.27},{"text":"no","start":5680.27,"end":5680.47},{"text":"country","start":5680.47,"end":5680.79},{"text":"can","start":5680.87,"end":5681.27},{"text":"take","start":5682.15,"end":5682.47},{"text":"on","start":5682.47,"end":5682.71},{"text":"these","start":5682.71,"end":5682.95},{"text":"challenges","start":5682.95,"end":5683.51},{"text":"alone.","start":5683.51,"end":5684.07}]},{"text":"That is why we need to increase the exchange of financial intelligence and enhance mutual legal assistance and channels of communication between the private and public sectors and ensure access to technology as part of a coordinated 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thank you.","start":5699.45,"end":5700.17,"topics":[],"words":[{"text":"I","start":5699.45,"end":5699.65},{"text":"thank","start":5699.65,"end":5699.89},{"text":"you.","start":5699.89,"end":5700.17}]},{"text":"I thank the distinguished representative of Panama.","start":5701.93,"end":5704.09,"topics":[],"words":[{"text":"I","start":5701.93,"end":5702.21},{"text":"thank","start":5702.21,"end":5702.41},{"text":"the","start":5702.41,"end":5702.49},{"text":"distinguished","start":5702.49,"end":5702.93},{"text":"representative","start":5702.93,"end":5703.37},{"text":"of","start":5703.37,"end":5703.61},{"text":"Panama.","start":5703.61,"end":5704.09}]},{"text":"The next speaker will be Nigeria, followed then by Mexico and then Zambia.","start":5705.529,"end":5711.85,"topics":[],"words":[{"text":"The","start":5705.529,"end":5705.81},{"text":"next","start":5705.81,"end":5706.01},{"text":"speaker","start":5706.01,"end":5706.57},{"text":"will","start":5707.53,"end":5707.85},{"text":"be","start":5707.85,"end":5708.09},{"text":"Nigeria,","start":5708.09,"end":5708.81},{"text":"followed","start":5709.37,"end":5709.89},{"text":"then","start":5709.89,"end":5710.13},{"text":"by","start":5710.13,"end":5710.41},{"text":"Mexico","start":5710.41,"end":5710.93},{"text":"and","start":5710.93,"end":5711.09},{"text":"then","start":5711.09,"end":5711.29},{"text":"Zambia.","start":5711.29,"end":5711.85}]}]}],"speaker":{"name":null,"affiliation":"PAN","affiliation_full":"Panama","group":null,"function":"Representative"}},{"statement_number":31,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President, Mr. President's Excellencies, distinguished delegates, at the outset let me commend the ECOSOC for convening this special meeting on financial integrity in line with the Sevilla 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is a recognition of the significant harm that is posed to emerging and developing economies by illicit financial flows and Nigeria reaffirms its commitment to multilateral action to ensure more equitable and effective global action to tackle this harm to our collective 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into account relevant international commitments including the oncac, the UNTALK as well as the common African position on asset recovery and the African Union Agenda 2063, Nigeria recognizes the imperative for greater action to ensure a more holistic approach to promoting financial integrity, dismantling organized criminal gangs and combating corruption and pursuing asset recovery.","start":5741.98,"end":5764.69,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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this end, Nigeria has continued to prioritize legislative, institutional and operational measures to detect, disrupt and pursue illicit finance domestically and to cooperate with its partners internationally to recover proceeds of crime.","start":5765.33,"end":5781.5,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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a testament to our efforts, the FATF in October 2025 removed Nigeria from its gray list of jurisdictions under monitoring due to strategic deficiencies in anti money laundering, counter terrorist and counter proliferation financing framework.","start":5782.38,"end":5796.38,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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would like to thank the panelists for their valuable contribution and briefings and I particularly like to thank the representative of the FATF for her work.","start":5924.1,"end":5938.11,"topics":[],"words":[{"text":"I","start":5924.1,"end":5924.38},{"text":"would","start":5924.38,"end":5924.58},{"text":"like","start":5924.58,"end":5924.82},{"text":"to","start":5924.82,"end":5925.06},{"text":"thank","start":5925.06,"end":5925.46},{"text":"the","start":5925.46,"end":5925.78},{"text":"panelists","start":5925.78,"end":5926.42},{"text":"for","start":5926.5,"end":5926.82},{"text":"their","start":5926.82,"end":5927.06},{"text":"valuable","start":5927.06,"end":5927.46},{"text":"contribution","start":5927.46,"end":5928.1},{"text":"and","start":5928.18,"end":5928.54},{"text":"briefings","start":5928.54,"end":5929.14},{"text":"and","start":5930.19,"end":5930.31},{"text":"I","start":5930.31,"end":5930.51},{"text":"particularly","start":5930.51,"end":5931.15},{"text":"like","start":5931.23,"end":5931.63},{"text":"to","start":5931.71,"end":5932.11},{"text":"thank","start":5932.43,"end":5932.91},{"text":"the","start":5934.19,"end":5934.59},{"text":"representative","start":5934.59,"end":5935.39},{"text":"of","start":5935.47,"end":5935.79},{"text":"the","start":5935.79,"end":5936.03},{"text":"FATF","start":5936.03,"end":5937.07},{"text":"for","start":5937.15,"end":5937.55},{"text":"her","start":5937.55,"end":5937.83},{"text":"work.","start":5937.83,"end":5938.11}]},{"text":"The Seville Commitment reaffirms that the mobilization of domestic resources and the reduction of illicit financial flows are important elements to move towards attaining sustainable development for Mexico.","start":5938.91,"end":5949.39,"topics":[],"words":[{"text":"The","start":5938.91,"end":5939.23},{"text":"Seville","start":5939.23,"end":5939.71},{"text":"Commitment","start":5939.71,"end":5939.99},{"text":"reaffirms","start":5939.99,"end":5940.47},{"text":"that","start":5940.47,"end":5940.63},{"text":"the","start":5940.63,"end":5940.75},{"text":"mobilization","start":5940.75,"end":5941.19},{"text":"of","start":5941.19,"end":5941.39},{"text":"domestic","start":5941.39,"end":5941.75},{"text":"resources","start":5941.75,"end":5942.19},{"text":"and","start":5942.19,"end":5942.39},{"text":"the","start":5942.39,"end":5942.55},{"text":"reduction","start":5942.55,"end":5942.91},{"text":"of","start":5942.91,"end":5943.03},{"text":"illicit","start":5943.03,"end":5943.51},{"text":"financial","start":5943.51,"end":5943.79},{"text":"flows","start":5943.79,"end":5944.43},{"text":"are","start":5944.51,"end":5944.83},{"text":"important","start":5944.83,"end":5945.15},{"text":"elements","start":5945.15,"end":5945.63},{"text":"to","start":5945.709,"end":5945.99},{"text":"move","start":5945.99,"end":5946.19},{"text":"towards","start":5946.19,"end":5946.59},{"text":"attaining","start":5946.59,"end":5946.99},{"text":"sustainable","start":5946.99,"end":5947.47},{"text":"development","start":5947.47,"end":5947.79},{"text":"for","start":5948.51,"end":5948.79},{"text":"Mexico.","start":5948.79,"end":5949.39}]},{"text":"Moving from commitments to action requires a fundamental condition to be met.","start":5949.87,"end":5954.27,"topics":[],"words":[{"text":"Moving","start":5949.87,"end":5950.27},{"text":"from","start":5950.27,"end":5950.51},{"text":"commitments","start":5950.51,"end":5950.99},{"text":"to","start":5950.99,"end":5951.23},{"text":"action","start":5951.23,"end":5951.55},{"text":"requires","start":5951.71,"end":5952.35},{"text":"a","start":5952.35,"end":5952.63},{"text":"fundamental","start":5952.63,"end":5953.23},{"text":"condition","start":5953.23,"end":5953.67},{"text":"to","start":5953.67,"end":5953.87},{"text":"be","start":5953.87,"end":5953.99},{"text":"met.","start":5953.99,"end":5954.27}]}]},{"sentences":[{"text":"Financial information has to be useful, interoperable and effectively used for tax, anti corruption and international cooperation purposes.","start":5954.59,"end":5963.88,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of 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key infrastructure for international tax cooperation.","start":5964.6,"end":5973.319,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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it possible to identify final beneficiaries, to close gaps and to strengthen the capacities of authorities to detect and respond to practices that erode the fiscal base in Mexico.","start":5973.48,"end":5986.38,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial flows."},{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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the international level, the active participation in fora such as the Financial Group of Action and the mechanisms for review inter peer review have been critical to align standards, to identify gaps and in particular to make headway in the real effectiveness of our systems.","start":6004.14,"end":6020.34,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement outcomes."},{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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processes make it possible to translate international commitments into normative reforms, institutional changes and better 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would have been useful, therefore, to hear more Details in this meeting about how this work can be integrated more systematically into the implementation of the civil commitment.","start":6080.1,"end":6089.7,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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Federation.","start":6095.5,"end":6103.58,"topics":[],"words":[{"text":"The","start":6095.5,"end":6095.78},{"text":"next","start":6095.78,"end":6096.02},{"text":"speaker","start":6096.02,"end":6096.54},{"text":"is","start":6096.54,"end":6096.78},{"text":"going","start":6096.78,"end":6097.02},{"text":"to","start":6097.02,"end":6097.22},{"text":"be","start":6097.22,"end":6097.5},{"text":"Zambia,","start":6098.14,"end":6098.86},{"text":"followed","start":6099.66,"end":6100.22},{"text":"by","start":6100.22,"end":6100.54},{"text":"the","start":6100.86,"end":6101.22},{"text":"UK","start":6101.22,"end":6101.58},{"text":"and","start":6101.74,"end":6102.14},{"text":"then","start":6102.14,"end":6102.42},{"text":"the","start":6102.42,"end":6102.58},{"text":"Russian","start":6102.58,"end":6102.98},{"text":"Federation.","start":6102.98,"end":6103.58}]}]}],"speaker":{"name":null,"affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Vice-President"}},{"statement_number":35,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President.","start":6114.86,"end":6115.98,"topics":[],"words":[{"text":"Thank","start":6114.86,"end":6115.22},{"text":"you,","start":6115.22,"end":6115.38},{"text":"Mr.","start":6115.38,"end":6115.66},{"text":"President.","start":6115.66,"end":6115.98}]},{"text":"Thank the President of ECOSOC and DESA for convening this special financial integrity meeting.","start":6116.9,"end":6122.1,"topics":[],"words":[{"text":"Thank","start":6116.9,"end":6117.18},{"text":"the","start":6117.18,"end":6117.3},{"text":"President","start":6117.3,"end":6117.5},{"text":"of","start":6117.5,"end":6117.78},{"text":"ECOSOC","start":6117.78,"end":6118.46},{"text":"and","start":6118.46,"end":6118.62},{"text":"DESA","start":6118.62,"end":6119.14},{"text":"for","start":6119.14,"end":6119.34},{"text":"convening","start":6119.34,"end":6119.82},{"text":"this","start":6119.82,"end":6120.02},{"text":"special","start":6120.02,"end":6120.34},{"text":"financial","start":6120.58,"end":6120.98},{"text":"integrity","start":6121.06,"end":6121.78},{"text":"meeting.","start":6121.78,"end":6122.1}]},{"text":"Illicit financial flows continue to threaten the ability of countries, especially Global south countries, to mobilize sufficient resources to finance socio economic and inclusive development, undermining their capacity to provide meaningful social services for its citizenry.","start":6122.98,"end":6142.52,"topics":[],"words":[{"text":"Illicit","start":6122.98,"end":6123.58},{"text":"financial","start":6123.58,"end":6123.86},{"text":"flows","start":6124.02,"end":6124.66},{"text":"continue","start":6125.22,"end":6125.62},{"text":"to","start":6125.62,"end":6125.9},{"text":"threaten","start":6125.9,"end":6126.3},{"text":"the","start":6126.3,"end":6126.46},{"text":"ability","start":6126.46,"end":6126.9},{"text":"of","start":6126.9,"end":6127.22},{"text":"countries,","start":6127.22,"end":6127.54},{"text":"especially","start":6127.7,"end":6128.1},{"text":"Global","start":6128.66,"end":6129.06},{"text":"south","start":6129.06,"end":6129.42},{"text":"countries,","start":6129.42,"end":6129.78},{"text":"to","start":6129.86,"end":6130.14},{"text":"mobilize","start":6130.14,"end":6130.82},{"text":"sufficient","start":6131.06,"end":6131.78},{"text":"resources","start":6132.02,"end":6132.74},{"text":"to","start":6132.98,"end":6133.3},{"text":"finance","start":6133.3,"end":6133.74},{"text":"socio","start":6133.74,"end":6133.98},{"text":"economic","start":6133.98,"end":6134.26},{"text":"and","start":6134.58,"end":6134.9},{"text":"inclusive","start":6134.9,"end":6135.66},{"text":"development,","start":6135.66,"end":6136.02},{"text":"undermining","start":6136.58,"end":6137.42},{"text":"their","start":6137.42,"end":6137.66},{"text":"capacity","start":6137.66,"end":6138.18},{"text":"to","start":6138.18,"end":6138.42},{"text":"provide","start":6138.42,"end":6138.74},{"text":"meaningful","start":6139.22,"end":6140.02},{"text":"social","start":6140.34,"end":6140.74},{"text":"services","start":6140.74,"end":6141.14},{"text":"for","start":6141.14,"end":6141.42},{"text":"its","start":6141.42,"end":6141.65},{"text":"citizenry.","start":6141.88,"end":6142.52}]},{"text":"Some of the resources of illicit financial flows include illegal mining, fraudulent procurement processes, corruption and transnational organized crimes.","start":6143,"end":6155.24,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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the integrity of financial systems and increased flow of illicit proceeds has compromised governance and in some cases contributing to terrorism to terrorism financing.","start":6156.12,"end":6170.3,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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lack of beneficial ownership transparency in member countries, existential companies with complex ownership structures, absence of inadequate framework for automatic exchange of information and inadequate capacities in developing countries to detect and investigate cryptocurrency transactions or exacerbate illicit financial flaws.","start":6171.1,"end":6196.66,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial flows."},{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared 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must be addressed.","start":6196.98,"end":6198.82,"topics":[],"words":[{"text":"These","start":6196.98,"end":6197.38},{"text":"must","start":6197.54,"end":6197.86},{"text":"be","start":6197.86,"end":6198.1},{"text":"addressed.","start":6198.1,"end":6198.82}]},{"text":"In this regard, Zambia supports cause for enhanced and strengthened beneficial ownership transparency including through creation of registries that will that will be accessible to law enforcement agencies and financial intelligence units.","start":6199.38,"end":6216.42,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial 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domestic and international cooperation on asset tracing is also critical in an effort to enhance beneficial ownership transparency.","start":6237.94,"end":6249.03,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial flows."},{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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welcome further discussion on this issue which will be a key focus of our summit in June.","start":6436.04,"end":6440.84,"topics":[],"words":[{"text":"We","start":6436.04,"end":6436.28},{"text":"welcome","start":6436.28,"end":6436.76},{"text":"further","start":6436.76,"end":6437.08},{"text":"discussion","start":6437.08,"end":6437.64},{"text":"on","start":6437.64,"end":6437.84},{"text":"this","start":6437.84,"end":6438},{"text":"issue","start":6438,"end":6438.28},{"text":"which","start":6438.6,"end":6438.88},{"text":"will","start":6438.88,"end":6439},{"text":"be","start":6439,"end":6439.12},{"text":"a","start":6439.12,"end":6439.28},{"text":"key","start":6439.28,"end":6439.48},{"text":"focus","start":6439.48,"end":6439.72},{"text":"of","start":6439.72,"end":6439.88},{"text":"our","start":6439.88,"end":6440.04},{"text":"summit","start":6440.04,"end":6440.4},{"text":"in","start":6440.4,"end":6440.56},{"text":"June.","start":6440.56,"end":6440.84}]},{"text":"Finally, while we warmly 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country.","start":6663.9,"end":6666.94,"topics":[],"words":[{"text":"Today's","start":6663.9,"end":6664.46},{"text":"dialogue","start":6664.46,"end":6664.94},{"text":"is","start":6664.94,"end":6665.1},{"text":"particularly","start":6665.1,"end":6665.7},{"text":"important","start":6665.7,"end":6665.98},{"text":"for","start":6666.14,"end":6666.42},{"text":"my","start":6666.42,"end":6666.62},{"text":"country.","start":6666.62,"end":6666.94}]},{"text":"Through the July revolutions of 2024, our students and citizens redefined our expectations regarding governance, integrity and transparency.","start":6667.82,"end":6678.78,"topics":[],"words":[{"text":"Through","start":6667.82,"end":6668.14},{"text":"the","start":6668.14,"end":6668.34},{"text":"July","start":6668.34,"end":6668.62},{"text":"revolutions","start":6668.699,"end":6669.42},{"text":"of","start":6669.74,"end":6670.1},{"text":"2024,","start":6670.1,"end":6671.26},{"text":"our","start":6671.9,"end":6672.26},{"text":"students","start":6672.26,"end":6672.62},{"text":"and","start":6672.62,"end":6672.9},{"text":"citizens","start":6672.9,"end":6673.58},{"text":"redefined","start":6673.58,"end":6674.34},{"text":"our","start":6674.34,"end":6674.62},{"text":"expectations","start":6674.62,"end":6675.34},{"text":"regarding","start":6675.66,"end":6676.3},{"text":"governance,","start":6676.3,"end":6676.94},{"text":"integrity","start":6677.1,"end":6677.82},{"text":"and","start":6677.82,"end":6678.14},{"text":"transparency.","start":6678.14,"end":6678.78}]},{"text":"They call for a fundamental reset in our public administration where accountability becomes the norm rather than an exception.","start":6679.75,"end":6688.31,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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for so called mega projects that offer little or no public 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often they become engines for corruption, inflating costs, enabling rent seeking and siphoning public wealth into safe havens abroad, leaving our countries trapped in unsustainable debt burdens.","start":6698.31,"end":6712.51,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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want recovery of the assets that have been illicitly transferred from our nations.","start":6713.47,"end":6718.83,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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this regard, the compromise of the Sevilla remains a landmark for us as it seeks to elevate the issue of illicit financial flows and asset repatriation from a technical debate to a matter of development priority and national survival.","start":6734.13,"end":6750.85,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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President, at present, deep asymmetries persist in data sharing.","start":6751.97,"end":6757.93,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information effectively."}],"words":[{"text":"Mr.","start":6751.97,"end":6752.41},{"text":"President,","start":6752.41,"end":6752.77},{"text":"at","start":6753.17,"end":6753.49},{"text":"present,","start":6753.49,"end":6753.81},{"text":"deep","start":6754.29,"end":6754.73},{"text":"asymmetries","start":6754.73,"end":6755.49},{"text":"persist","start":6755.77,"end":6756.25},{"text":"in","start":6756.41,"end":6756.81},{"text":"data","start":6757.05,"end":6757.41},{"text":"sharing.","start":6757.41,"end":6757.93}]},{"text":"Those who hide wealth move through complex financial 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want, we would like to seek everyone's understanding of this matter if we want to strengthen financial 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the other side, on the side of the countries providing information, they are sometimes maybe overly concerned with secrecy, taxpayers rights and any sorts of leakage of information.","start":7566.53,"end":7580.93,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information 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that kind of extreme concern tends to erode the flow of information in many ways.","start":7581.57,"end":7590.53,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information 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believe in meeting the objectives of this group and those are information exchange via public private channels as well as private private channels quickly on public private channels here.","start":8028.69,"end":8041.96,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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are quite a few countries around the world that have public private partnerships.","start":8041.96,"end":8045.92,"topics":[],"words":[{"text":"There","start":8041.96,"end":8042.16},{"text":"are","start":8042.16,"end":8042.4},{"text":"quite","start":8042.4,"end":8042.68},{"text":"a","start":8042.68,"end":8042.8},{"text":"few","start":8042.8,"end":8043.08},{"text":"countries","start":8043.48,"end":8043.88},{"text":"around","start":8043.88,"end":8044.2},{"text":"the","start":8044.2,"end":8044.36},{"text":"world","start":8044.36,"end":8044.48},{"text":"that","start":8044.48,"end":8044.64},{"text":"have","start":8044.64,"end":8044.8},{"text":"public","start":8044.8,"end":8045.04},{"text":"private","start":8045.04,"end":8045.36},{"text":"partnerships.","start":8045.36,"end":8045.92}]},{"text":"But I'd like to highlight operational public private partnerships where financial crime investigators from the private sector and the public sector sit together and work together on shared cases of 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this is an area that has been highly effective.","start":8056.84,"end":8058.81,"topics":[],"words":[{"text":"This,","start":8056.84,"end":8057.06},{"text":"this","start":8057.13,"end":8057.21},{"text":"is","start":8057.21,"end":8057.33},{"text":"an","start":8057.33,"end":8057.45},{"text":"area","start":8057.45,"end":8057.57},{"text":"that","start":8057.57,"end":8057.73},{"text":"has","start":8057.73,"end":8057.85},{"text":"been","start":8057.85,"end":8058.01},{"text":"highly","start":8058.01,"end":8058.29},{"text":"effective.","start":8058.29,"end":8058.81}]},{"text":"There's many examples I could cite, but I'd like to bring attention to one which is the Fintel alliance in Australia that's run by the austrac, the Australian FIU along with a series of financial institutions in Australia.","start":8059.05,"end":8071.93,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border 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collaborate regularly on disrupting financial crime and asset recovery and in recent months have had some of the biggest cases in disrupting money laundering networks across Australia because of this public private partnership.","start":8072.57,"end":8086.02,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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other element I'd like to bring Attention to is private to private information sharing.","start":8086.34,"end":8091.22,"topics":[],"words":[{"text":"The","start":8086.34,"end":8086.62},{"text":"other","start":8086.62,"end":8086.82},{"text":"element","start":8086.82,"end":8087.1},{"text":"I'd","start":8087.1,"end":8087.34},{"text":"like","start":8087.34,"end":8087.46},{"text":"to","start":8087.46,"end":8087.54},{"text":"bring","start":8087.54,"end":8087.7},{"text":"Attention","start":8087.7,"end":8088.06},{"text":"to","start":8088.06,"end":8088.42},{"text":"is","start":8088.98,"end":8089.3},{"text":"private","start":8089.3,"end":8089.58},{"text":"to","start":8089.58,"end":8089.86},{"text":"private","start":8089.86,"end":8090.14},{"text":"information","start":8090.14,"end":8090.5},{"text":"sharing.","start":8090.66,"end":8091.22}]},{"text":"Private to private information sharing is when financial institutions share information amongst one another without having a government intermediary.","start":8091.38,"end":8097.7,"topics":[],"words":[{"text":"Private","start":8091.38,"end":8091.7},{"text":"to","start":8091.7,"end":8091.9},{"text":"private","start":8091.9,"end":8092.1},{"text":"information","start":8092.1,"end":8092.38},{"text":"sharing","start":8092.38,"end":8092.7},{"text":"is","start":8092.7,"end":8092.86},{"text":"when","start":8092.86,"end":8093.06},{"text":"financial","start":8093.06,"end":8093.38},{"text":"institutions","start":8093.38,"end":8094.02},{"text":"share","start":8094.02,"end":8094.34},{"text":"information","start":8094.34,"end":8094.66},{"text":"amongst","start":8094.82,"end":8095.38},{"text":"one","start":8095.38,"end":8095.58},{"text":"another","start":8095.58,"end":8095.82},{"text":"without","start":8095.82,"end":8096.18},{"text":"having","start":8096.18,"end":8096.5},{"text":"a","start":8096.5,"end":8096.7},{"text":"government","start":8096.7,"end":8096.94},{"text":"intermediary.","start":8096.94,"end":8097.7}]}]},{"sentences":[{"text":"And this too has proven to be a highly effective way of engaging in information exchange.","start":8097.7,"end":8102.54,"topics":[],"words":[{"text":"And","start":8097.7,"end":8097.98},{"text":"this","start":8097.98,"end":8098.18},{"text":"too","start":8098.18,"end":8098.42},{"text":"has","start":8098.42,"end":8098.699},{"text":"proven","start":8098.699,"end":8099.02},{"text":"to","start":8099.02,"end":8099.14},{"text":"be","start":8099.14,"end":8099.22},{"text":"a","start":8099.22,"end":8099.34},{"text":"highly","start":8099.34,"end":8099.7},{"text":"effective","start":8099.7,"end":8100.22},{"text":"way","start":8100.22,"end":8100.58},{"text":"of","start":8100.74,"end":8101.06},{"text":"engaging","start":8101.06,"end":8101.5},{"text":"in","start":8101.5,"end":8101.66},{"text":"information","start":8101.66,"end":8101.94},{"text":"exchange.","start":8102.02,"end":8102.54}]},{"text":"And here I'd like to bring attention to an initiative that the Wolfsberg Group did recently with five of the largest crypto exchanges in the world.","start":8102.54,"end":8110.54,"topics":[{"key":"crypto-asset-regulation","label":"Crypto and Virtual Asset Regulation","description":"Updating AML/CFT and payment transparency standards to cover virtual assets and service providers, improving traceability and international cooperation to address evolving risks from crypto and digital 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has been referenced in a couple of times now in this particular situation, Wolfsburg member banks collaborated with crypto exchanges to provide them live intelligence leads on scam victims around the world.","start":8110.54,"end":8123.29,"topics":[{"key":"crypto-asset-regulation","label":"Crypto and Virtual Asset Regulation","description":"Updating AML/CFT and payment transparency standards to cover virtual assets and service providers, improving traceability and international cooperation to address evolving risks from crypto and digital 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crypto exchanges were then able to take those leads, action them and freeze assets accordingly.","start":8124.09,"end":8130.09,"topics":[{"key":"crypto-asset-regulation","label":"Crypto and Virtual Asset Regulation","description":"Updating AML/CFT and payment transparency standards to cover virtual assets and service providers, improving traceability and international cooperation to address evolving risks from crypto and digital 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program.","start":8130.41,"end":8133.93,"topics":[],"words":[{"text":"This","start":8130.41,"end":8130.69},{"text":"was","start":8130.69,"end":8130.85},{"text":"done","start":8130.85,"end":8131.05},{"text":"in","start":8131.05,"end":8131.21},{"text":"the","start":8131.21,"end":8131.33},{"text":"US","start":8131.33,"end":8131.57},{"text":"under","start":8131.57,"end":8131.81},{"text":"the","start":8131.81,"end":8131.97},{"text":"auspices","start":8131.97,"end":8132.41},{"text":"of","start":8132.41,"end":8132.57},{"text":"the","start":8132.57,"end":8132.69},{"text":"314B","start":8132.69,"end":8133.57},{"text":"program.","start":8133.57,"end":8133.93}]}]},{"sentences":[{"text":"But there are many countries out there that are either looking at private to private information sharing networks or have them in place.","start":8134.09,"end":8140.13,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning 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have the EU here.","start":8140.13,"end":8141.09,"topics":[],"words":[{"text":"I","start":8140.13,"end":8140.29},{"text":"have","start":8140.29,"end":8140.41},{"text":"the","start":8140.41,"end":8140.53},{"text":"EU","start":8140.53,"end":8140.73},{"text":"here.","start":8140.73,"end":8141.09}]},{"text":"The AMLA reforms in the EU are a great example of that under Article 75.","start":8141.73,"end":8145.41,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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Regulation","description":"Updating AML/CFT and payment transparency standards to cover virtual assets and service providers, improving traceability and international cooperation to address evolving risks from crypto and digital finance."},{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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most recently had an update earlier this week on about 40 million USD that had been frozen in the last three weeks since doing that exercise.","start":8155.81,"end":8165.21,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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30 million of that USD was done totally private to private without the need for interdiction from the government.","start":8165.29,"end":8171.05,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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it is important to recognize that these crimes are in most cases transnational in nature and the financial flows cut across many jurisdictions with varying levels of effectiveness and willingness to cooperate.","start":8399.85,"end":8411.21,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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is where we believe the FATF's mutual evaluation process demonstrates its greatest importance.","start":8411.45,"end":8416.57,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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obligations.","start":8417.53,"end":8429.45,"topics":[],"words":[{"text":"As","start":8417.53,"end":8417.81},{"text":"the","start":8417.81,"end":8418.09},{"text":"assessments","start":8418.17,"end":8418.81},{"text":"are","start":8418.81,"end":8419.05},{"text":"conducted","start":8419.05,"end":8419.81},{"text":"against","start":8419.81,"end":8420.05},{"text":"a","start":8420.05,"end":8420.33},{"text":"single","start":8420.33,"end":8420.65},{"text":"public","start":8420.65,"end":8420.97},{"text":"set","start":8420.97,"end":8421.25},{"text":"of","start":8421.25,"end":8421.41},{"text":"standards","start":8421.41,"end":8421.85},{"text":"and","start":8421.93,"end":8422.29},{"text":"the","start":8422.29,"end":8422.53},{"text":"results","start":8422.53,"end":8422.81},{"text":"through","start":8422.89,"end":8423.17},{"text":"the","start":8423.17,"end":8423.33},{"text":"evaluation","start":8423.33,"end":8423.81},{"text":"reports","start":8423.81,"end":8424.17},{"text":"are","start":8424.17,"end":8424.45},{"text":"publicly","start":8424.45,"end":8424.85},{"text":"available,","start":8424.85,"end":8425.21},{"text":"we","start":8425.85,"end":8425.97},{"text":"can","start":8425.97,"end":8426.17},{"text":"see","start":8426.17,"end":8426.37},{"text":"which","start":8426.37,"end":8426.57},{"text":"jurisdictions","start":8426.57,"end":8427.29},{"text":"are","start":8427.29,"end":8427.49},{"text":"failing","start":8427.49,"end":8427.77},{"text":"to","start":8427.77,"end":8427.89},{"text":"live","start":8427.89,"end":8428.17},{"text":"up","start":8428.25,"end":8428.53},{"text":"to","start":8428.53,"end":8428.69},{"text":"their","start":8428.69,"end":8428.85},{"text":"obligations.","start":8428.85,"end":8429.45}]},{"text":"This is particularly important when we come to what I believe are the main gaps in our collective effort to tackle illicit financial 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much greater effort is needed on reciprocity of international cooperation related to beneficial ownership information, tax transparency as well as cross border trade data.","start":8436.97,"end":8446.65,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial flows."},{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information effectively."},{"key":"trade-transparency-and-customs-data","label":"Trade Transparency and Customs Data","description":"Enhancing exchange and interoperability of customs and trade data, strengthening traceability (e.g., fisheries), and tackling trade misinvoicing to curb illicit financial flows from cross-border 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can only happen when the international organizations responsible for these work together to enforce common standards.","start":8447.05,"end":8453.28,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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data.","start":8453.68,"end":8460.16,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial flows."},{"key":"global-asset-registry-and-cbcr","label":"Global Asset Registry and CbCR","description":"Progressing toward interconnected or global asset registries and public country-by-country reporting so authorities can track wealth, profits, and taxes across borders and close channels for illicit financial 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many instances, informal and formal cooperation is impeded by restrictive access provisions, even where we have demonstrated clear evidence of funds being the proceeds of criminal activities.","start":8460.56,"end":8470.96,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public 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the growth of virtual assets will continue to be a challenge for FI use as well as law enforcement authorities, particularly where transaction data and wallet attribution information is held by virtual asset service providers in offshore jurisdictions.","start":8472.16,"end":8484.43,"topics":[{"key":"crypto-asset-regulation","label":"Crypto and Virtual Asset Regulation","description":"Updating AML/CFT and payment transparency standards to cover virtual assets and service providers, improving traceability and international cooperation to address evolving risks from crypto and digital 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think financial integrity has within it three important factors to achieve it and to have integrity it needs political will or perhaps its political momentum that the Brazil delegate just mentioned quite 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also needs to be underpinned by financial transparency and a certain amount of moral integrity and These factors together must work to apply technical knowledge in the interests of sustainable development.","start":8604.36,"end":8622.52,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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our predicament is that we have an abundance of technical knowledge, but the capacity to distribute it equally is, is not there.","start":8623.48,"end":8633.85,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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as the small island States representative referred to and reminded us that during the first comments, justice and financial integrity is not achieved through a one size fits all.","start":8658.01,"end":8674.23,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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within the tax justice movement we have been proponents of what we call the ABC of financial 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a large ocean state, Tuvalu depends heavily on fisheries revenue for public finance and livelihoods.","start":8941.76,"end":8947.04,"topics":[],"words":[{"text":"As","start":8941.76,"end":8942.04},{"text":"a","start":8942.04,"end":8942.2},{"text":"large","start":8942.2,"end":8942.4},{"text":"ocean","start":8942.4,"end":8942.8},{"text":"state,","start":8942.8,"end":8942.96},{"text":"Tuvalu","start":8942.96,"end":8943.56},{"text":"depends","start":8943.56,"end":8943.96},{"text":"heavily","start":8943.96,"end":8944.2},{"text":"on","start":8944.2,"end":8944.36},{"text":"fisheries","start":8944.36,"end":8944.88},{"text":"revenue","start":8944.88,"end":8945.24},{"text":"for","start":8945.24,"end":8945.4},{"text":"public","start":8945.4,"end":8945.64},{"text":"finance","start":8945.64,"end":8946.12},{"text":"and","start":8946.12,"end":8946.28},{"text":"livelihoods.","start":8946.28,"end":8947.04}]},{"text":"However, ongoing illegal, unreported and un unregulated fishing continues to erode sustainable management and economic returns.","start":8947.12,"end":8955.87,"topics":[{"key":"trade-transparency-and-customs-data","label":"Trade Transparency and Customs Data","description":"Enhancing exchange and interoperability of customs and trade data, strengthening traceability (e.g., fisheries), and tackling trade misinvoicing to curb illicit financial flows from cross-border 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capacity building efforts should prioritize practical skills, digital and data driven tools and south south cooperation.","start":9589.32,"end":9597.57,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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you very much.","start":9612.13,"end":9613.09,"topics":[],"words":[{"text":"Thank","start":9612.13,"end":9612.45},{"text":"you","start":9612.45,"end":9612.57},{"text":"very","start":9612.57,"end":9612.77},{"text":"much.","start":9612.77,"end":9613.09}]},{"text":"The next speaker is Indonesia, followed by Pakistan and then Japan.","start":9614.21,"end":9620.45,"topics":[],"words":[{"text":"The","start":9614.21,"end":9614.49},{"text":"next","start":9614.49,"end":9614.69},{"text":"speaker","start":9614.69,"end":9615.17},{"text":"is","start":9615.17,"end":9615.49},{"text":"Indonesia,","start":9615.97,"end":9616.85},{"text":"followed","start":9617.49,"end":9618.01},{"text":"by","start":9618.01,"end":9618.21},{"text":"Pakistan","start":9618.21,"end":9618.77},{"text":"and","start":9619.49,"end":9619.73},{"text":"then","start":9619.73,"end":9619.89},{"text":"Japan.","start":9619.89,"end":9620.45}]},{"text":"Thank you Mr. President and all the briefers.","start":9621.98,"end":9623.86,"topics":[],"words":[{"text":"Thank","start":9621.98,"end":9622.14},{"text":"you","start":9622.14,"end":9622.3},{"text":"Mr.","start":9622.3,"end":9622.58},{"text":"President","start":9622.58,"end":9622.82},{"text":"and","start":9622.82,"end":9623.06},{"text":"all","start":9623.06,"end":9623.22},{"text":"the","start":9623.22,"end":9623.34},{"text":"briefers.","start":9623.34,"end":9623.86}]},{"text":"We commend the convening of today's meeting.","start":9623.86,"end":9625.9,"topics":[],"words":[{"text":"We","start":9623.86,"end":9624.1},{"text":"commend","start":9624.1,"end":9624.42},{"text":"the","start":9624.42,"end":9624.58},{"text":"convening","start":9624.58,"end":9625.1},{"text":"of","start":9625.1,"end":9625.22},{"text":"today's","start":9625.22,"end":9625.62},{"text":"meeting.","start":9625.62,"end":9625.9}]},{"text":"As illicit financial flows continue to drain global resources at an alarming scale, the flows exploit gaps between 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this challenging landscape, information is power, data is the backbone of enforcement and coordination is the only way to keep pace with increasingly complex financial networks.","start":9635.34,"end":9644.46,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information effectively."},{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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a response, Indonesia has taken firm steps to strengthen its own financial integrity.","start":9644.78,"end":9649.52,"topics":[],"words":[{"text":"As","start":9644.78,"end":9645.1},{"text":"a","start":9645.1,"end":9645.3},{"text":"response,","start":9645.3,"end":9645.78},{"text":"Indonesia","start":9645.78,"end":9646.34},{"text":"has","start":9646.34,"end":9646.5},{"text":"taken","start":9646.5,"end":9646.7},{"text":"firm","start":9646.7,"end":9646.98},{"text":"steps","start":9646.98,"end":9647.21},{"text":"to","start":9647.44,"end":9647.56},{"text":"strengthen","start":9647.56,"end":9648},{"text":"its","start":9648,"end":9648.24},{"text":"own","start":9648.24,"end":9648.52},{"text":"financial","start":9648.52,"end":9648.84},{"text":"integrity.","start":9648.84,"end":9649.52}]},{"text":"Among others, we became the 40th member of the FATF committing to the global standards on anti money 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Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left behind."}],"words":[{"text":"Second,","start":9702.02,"end":9702.42},{"text":"to","start":9702.42,"end":9702.7},{"text":"promote","start":9702.7,"end":9703.02},{"text":"capacity","start":9703.02,"end":9703.46},{"text":"building","start":9703.46,"end":9703.74},{"text":"to","start":9703.74,"end":9703.98},{"text":"level","start":9703.98,"end":9704.22},{"text":"the","start":9704.22,"end":9704.46},{"text":"playing","start":9704.46,"end":9704.7},{"text":"field.","start":9704.7,"end":9705.06}]},{"text":"Capacity building is indeed essential to enable developing countries to become more than just users and to have equal footing in global data ecosystems.","start":9706.26,"end":9713.54,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left behind."}],"words":[{"text":"Capacity","start":9706.26,"end":9706.78},{"text":"building","start":9706.78,"end":9706.98},{"text":"is","start":9706.98,"end":9707.22},{"text":"indeed","start":9707.22,"end":9707.5},{"text":"essential","start":9707.5,"end":9707.86},{"text":"to","start":9707.86,"end":9708.06},{"text":"enable","start":9708.06,"end":9708.42},{"text":"developing","start":9708.42,"end":9708.94},{"text":"countries","start":9708.94,"end":9709.22},{"text":"to","start":9709.22,"end":9709.5},{"text":"become","start":9709.5,"end":9709.74},{"text":"more","start":9709.74,"end":9709.98},{"text":"than","start":9709.98,"end":9710.18},{"text":"just","start":9710.18,"end":9710.42},{"text":"users","start":9710.42,"end":9710.9},{"text":"and","start":9710.9,"end":9711.14},{"text":"to","start":9711.14,"end":9711.34},{"text":"have","start":9711.34,"end":9711.54},{"text":"equal","start":9711.54,"end":9711.78},{"text":"footing","start":9711.78,"end":9712.22},{"text":"in","start":9712.22,"end":9712.38},{"text":"global","start":9712.38,"end":9712.58},{"text":"data","start":9712.58,"end":9712.82},{"text":"ecosystems.","start":9712.82,"end":9713.54}]},{"text":"Third, enhance safeguards on data exchange cooperation.","start":9714.02,"end":9717.54,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information effectively."}],"words":[{"text":"Third,","start":9714.02,"end":9714.38},{"text":"enhance","start":9714.38,"end":9714.86},{"text":"safeguards","start":9714.86,"end":9715.38},{"text":"on","start":9715.38,"end":9715.58},{"text":"data","start":9715.58,"end":9715.86},{"text":"exchange","start":9716.18,"end":9716.779},{"text":"cooperation.","start":9716.779,"end":9717.54}]},{"text":"Data sharing must therefore be anchored in privacy data protection, among others.","start":9717.78,"end":9722.26,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of 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to the attainment of 2030 agenda.","start":9722.58,"end":9733.41,"topics":[],"words":[{"text":"Mr.","start":9722.58,"end":9723.06},{"text":"President,","start":9723.46,"end":9723.86},{"text":"to","start":9723.94,"end":9724.22},{"text":"conclude,","start":9724.22,"end":9724.62},{"text":"Indonesia","start":9724.62,"end":9725.1},{"text":"views","start":9725.1,"end":9725.54},{"text":"financial","start":9725.54,"end":9725.78},{"text":"integrity","start":9725.78,"end":9726.42},{"text":"not","start":9726.42,"end":9726.7},{"text":"only","start":9726.7,"end":9726.86},{"text":"as","start":9726.86,"end":9726.98},{"text":"the","start":9726.98,"end":9727.1},{"text":"a","start":9727.25,"end":9727.33},{"text":"compliance","start":9727.33,"end":9727.77},{"text":"agenda,","start":9727.77,"end":9728.45},{"text":"but","start":9728.53,"end":9728.85},{"text":"as","start":9728.85,"end":9729.09},{"text":"a","start":9729.09,"end":9729.33},{"text":"development","start":9729.33,"end":9729.65},{"text":"imperative","start":9729.73,"end":9730.37},{"text":"contributing","start":9730.61,"end":9731.29},{"text":"to","start":9731.29,"end":9731.45},{"text":"the","start":9731.45,"end":9731.65},{"text":"attainment","start":9731.65,"end":9732.13},{"text":"of","start":9732.13,"end":9732.29},{"text":"2030","start":9732.29,"end":9732.81},{"text":"agenda.","start":9732.81,"end":9733.41}]}]},{"sentences":[{"text":"Strengthening global data sharing architecture is central to financing for development.","start":9733.57,"end":9737.33,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information 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much.","start":9747.01,"end":9747.89,"topics":[],"words":[{"text":"Thank","start":9747.01,"end":9747.33},{"text":"you","start":9747.33,"end":9747.45},{"text":"very","start":9747.45,"end":9747.61},{"text":"much.","start":9747.61,"end":9747.89}]},{"text":"The next speaker is Pakistan, followed by Japan and then Algeria.","start":9748.85,"end":9756.22,"topics":[],"words":[{"text":"The","start":9748.85,"end":9749.13},{"text":"next","start":9749.13,"end":9749.37},{"text":"speaker","start":9749.37,"end":9749.97},{"text":"is","start":9751.09,"end":9751.41},{"text":"Pakistan,","start":9751.41,"end":9751.97},{"text":"followed","start":9753.02,"end":9753.38},{"text":"by","start":9753.38,"end":9753.66},{"text":"Japan","start":9753.74,"end":9754.38},{"text":"and","start":9754.94,"end":9755.22},{"text":"then","start":9755.22,"end":9755.46},{"text":"Algeria.","start":9755.46,"end":9756.22}]}]}],"speaker":{"name":null,"affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Vice-President"}},{"statement_number":73,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President.","start":9759.98,"end":9761.1,"topics":[],"words":[{"text":"Thank","start":9759.98,"end":9760.34},{"text":"you,","start":9760.34,"end":9760.54},{"text":"Mr.","start":9760.54,"end":9760.82},{"text":"President.","start":9760.82,"end":9761.1}]},{"text":"Pakistan welcomes the convening of this special meeting and appreciate today's insightful discussions underscoring urgency of collective action For Pakistan.","start":9761.42,"end":9770.62,"topics":[],"words":[{"text":"Pakistan","start":9761.42,"end":9762.02},{"text":"welcomes","start":9762.02,"end":9762.46},{"text":"the","start":9762.46,"end":9762.58},{"text":"convening","start":9762.58,"end":9763.06},{"text":"of","start":9763.06,"end":9763.18},{"text":"this","start":9763.18,"end":9763.34},{"text":"special","start":9763.34,"end":9763.62},{"text":"meeting","start":9763.62,"end":9763.98},{"text":"and","start":9764.06,"end":9764.42},{"text":"appreciate","start":9764.42,"end":9765.02},{"text":"today's","start":9765.02,"end":9765.54},{"text":"insightful","start":9765.54,"end":9766.06},{"text":"discussions","start":9766.06,"end":9766.7},{"text":"underscoring","start":9767.02,"end":9767.74},{"text":"urgency","start":9767.74,"end":9768.34},{"text":"of","start":9768.34,"end":9768.579},{"text":"collective","start":9768.579,"end":9769.06},{"text":"action","start":9769.06,"end":9769.34},{"text":"For","start":9769.82,"end":9770.14},{"text":"Pakistan.","start":9770.14,"end":9770.62}]},{"text":"Financial integrity is inseparable from sustainable development.","start":9770.62,"end":9773.98,"topics":[],"words":[{"text":"Financial","start":9770.62,"end":9771.02},{"text":"integrity","start":9771.1,"end":9771.82},{"text":"is","start":9771.82,"end":9772.14},{"text":"inseparable","start":9772.14,"end":9772.86},{"text":"from","start":9772.86,"end":9773.1},{"text":"sustainable","start":9773.1,"end":9773.62},{"text":"development.","start":9773.62,"end":9773.98}]},{"text":"Illicit financial flows, tax evasion and opaque final practices continue to drain scarce public resources from developing countries, undermining our ability to invest in poverty eradication, climate resilience and sustainable development goals.","start":9774.7,"end":9790.06,"topics":[{"key":"global-asset-registry-and-cbcr","label":"Global Asset Registry and CbCR","description":"Progressing toward interconnected or global asset registries and public country-by-country reporting so authorities can track wealth, profits, and taxes 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beneficial ownership information, financial account data and customs and trade related information.","start":9796.54,"end":9810.31,"topics":[{"key":"beneficial-ownership-transparency","label":"Beneficial Ownership Transparency","description":"Establishing, verifying, and ensuring effective cross-border access to beneficial ownership registries for companies, trusts, and other vehicles to combat secrecy, corruption, and illicit financial flows."},{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information effectively."},{"key":"trade-transparency-and-customs-data","label":"Trade Transparency and Customs Data","description":"Enhancing exchange and interoperability of customs and trade data, strengthening traceability (e.g., 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greater policy coherence is needed among tax cooperation, anti corruption, customs and financial integrity frameworks, including by strengthening AML CFT regimes through regulation and monitoring of emerging financial and banking models such as digital wallets, cryptocurrencies and blockchain technologies.","start":9857.06,"end":9875.14,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement outcomes."},{"key":"crypto-asset-regulation","label":"Crypto and Virtual Asset Regulation","description":"Updating AML/CFT and payment transparency standards to cover virtual assets and service providers, improving traceability and international cooperation to address evolving risks from crypto and digital 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continuous adaptation of international instruments.","start":9875.78,"end":9878.5,"topics":[],"words":[{"text":"Fourth,","start":9875.78,"end":9876.18},{"text":"continuous","start":9876.18,"end":9876.66},{"text":"adaptation","start":9876.66,"end":9877.22},{"text":"of","start":9877.22,"end":9877.46},{"text":"international","start":9877.46,"end":9877.78},{"text":"instruments.","start":9877.86,"end":9878.5}]}]},{"sentences":[{"text":"As financial flows and economic structures evolve on ICT platforms, global frameworks must remain adaptive and 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including AI.","start":9886.21,"end":9893.25,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information 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legal institutional framework such as Money Laundering Prevention Act, Public Procurement Act, Good Governance Act, Right to Information Act, National Strategy and Action Plan on AML CF Digital Nepal Framework and Financial Information Unit under under Nepal Central bank are in implementation to ensure sound financial integrity ecosystem in the country.","start":10298.53,"end":10320.06,"topics":[{"key":"policy-coherence-across-aml-tax-customs","label":"Policy Coherence across AML, Tax, and Customs","description":"Aligning anti-money laundering, anti-corruption, tax cooperation, and customs/trade-data frameworks to close loopholes, enable joint risk analysis, and improve enforcement 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challenges hinder national efforts to effectively mobilize domestic resources essential for making our LDC graduation smooth, irreversible and 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let me share the following observations.","start":10347.11,"end":10349.43,"topics":[],"words":[{"text":"Excellencies,","start":10347.11,"end":10347.79},{"text":"let","start":10347.79,"end":10347.99},{"text":"me","start":10347.99,"end":10348.11},{"text":"share","start":10348.11,"end":10348.31},{"text":"the","start":10348.31,"end":10348.51},{"text":"following","start":10348.51,"end":10348.75},{"text":"observations.","start":10348.75,"end":10349.43}]},{"text":"First, closing the gap in access to data despite progress in transparency standards and information access frameworks, access to data remains uneven.","start":10349.43,"end":10358.31,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information 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of norms varies widely while many developing countries still face barriers to obtaining the information needed to prevent transnational organized crimes, including illicit financial flows.","start":10358.71,"end":10370.91,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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ensuring interoperability of information access system.","start":10370.91,"end":10374.43,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange of tax and financial account data, ensuring all countries—especially developing ones—can both contribute to and use shared information effectively."}],"words":[{"text":"Second,","start":10370.91,"end":10371.31},{"text":"ensuring","start":10371.39,"end":10371.91},{"text":"interoperability","start":10371.91,"end":10372.75},{"text":"of","start":10372.75,"end":10373.07},{"text":"information","start":10373.07,"end":10373.39},{"text":"access","start":10373.55,"end":10373.95},{"text":"system.","start":10374.03,"end":10374.43}]}]},{"sentences":[{"text":"Third, bridging capacity gaps.","start":10374.91,"end":10377.47,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and 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distinguished Delegates, thank you for the opportunity to take the floor.","start":10415.38,"end":10420.9,"topics":[],"words":[{"text":"President,","start":10415.38,"end":10415.62},{"text":"distinguished","start":10415.86,"end":10416.62},{"text":"Delegates,","start":10416.62,"end":10417.1},{"text":"thank","start":10417.1,"end":10417.38},{"text":"you","start":10417.38,"end":10417.5},{"text":"for","start":10417.5,"end":10417.66},{"text":"the","start":10417.66,"end":10417.82},{"text":"opportunity","start":10417.82,"end":10418.46},{"text":"to","start":10418.46,"end":10418.82},{"text":"take","start":10419.94,"end":10420.26},{"text":"the","start":10420.26,"end":10420.5},{"text":"floor.","start":10420.5,"end":10420.9}]},{"text":"We welcome your role, sir.","start":10421.54,"end":10424.42,"topics":[],"words":[{"text":"We","start":10421.54,"end":10421.86},{"text":"welcome","start":10421.86,"end":10422.42},{"text":"your","start":10423.3,"end":10423.62},{"text":"role,","start":10423.62,"end":10423.94},{"text":"sir.","start":10423.94,"end":10424.42}]},{"text":"We think that one of the major challenges is the lack of data and also the asymmetry in the accessing information to investigate and try financial crimes.","start":10425.38,"end":10441.26,"topics":[{"key":"asset-recovery-and-anti-corruption","label":"Asset Recovery and Anti-Corruption","description":"Strengthening UNCAC implementation, cross-border investigations, and cooperation to trace, freeze, and return stolen assets while holding professional enablers accountable and reinforcing public trust."},{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, 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protection is also critical, but it cannot be a hindrance to the appropriate action of the state.","start":10540.67,"end":10549.45,"topics":[],"words":[{"text":"Data","start":10540.67,"end":10541.07},{"text":"protection","start":10541.15,"end":10541.79},{"text":"is","start":10542.99,"end":10543.39},{"text":"also","start":10543.47,"end":10543.87},{"text":"critical,","start":10544.35,"end":10544.95},{"text":"but","start":10544.95,"end":10545.19},{"text":"it","start":10545.19,"end":10545.35},{"text":"cannot","start":10545.35,"end":10545.67},{"text":"be","start":10545.67,"end":10545.83},{"text":"a","start":10545.83,"end":10545.99},{"text":"hindrance","start":10545.99,"end":10546.59},{"text":"to","start":10547.21,"end":10547.37},{"text":"the","start":10547.37,"end":10547.57},{"text":"appropriate","start":10547.57,"end":10548.05},{"text":"action","start":10548.05,"end":10548.41},{"text":"of","start":10548.57,"end":10548.89},{"text":"the","start":10548.89,"end":10549.13},{"text":"state.","start":10549.13,"end":10549.45}]},{"text":"Due process, of course, must be upheld at all 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you so much.","start":10566.01,"end":10567.05,"topics":[],"words":[{"text":"Thank","start":10566.01,"end":10566.37},{"text":"you","start":10566.37,"end":10566.57},{"text":"so","start":10566.57,"end":10566.77},{"text":"much.","start":10566.77,"end":10567.05}]},{"text":"The next speaker is going to be Norway, followed by Tanzania and then the Philippines.","start":10568.25,"end":10575.86,"topics":[],"words":[{"text":"The","start":10568.25,"end":10568.53},{"text":"next","start":10568.53,"end":10568.73},{"text":"speaker","start":10568.73,"end":10569.17},{"text":"is","start":10569.17,"end":10569.37},{"text":"going","start":10569.37,"end":10569.57},{"text":"to","start":10569.57,"end":10569.73},{"text":"be","start":10569.73,"end":10570.01},{"text":"Norway,","start":10570.25,"end":10570.81},{"text":"followed","start":10573.06,"end":10573.46},{"text":"by","start":10573.46,"end":10573.78},{"text":"Tanzania","start":10573.86,"end":10574.7},{"text":"and","start":10574.7,"end":10574.94},{"text":"then","start":10574.94,"end":10575.1},{"text":"the","start":10575.1,"end":10575.3},{"text":"Philippines.","start":10575.3,"end":10575.86}]}]}],"speaker":{"name":null,"affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Vice-President"}},{"statement_number":83,"paragraphs":[{"sentences":[{"text":"President Illicit financial flows pose serious threats to sustainable development, trust in institutions and domestic resource mobilization.","start":10580.18,"end":10589.14,"topics":[],"words":[{"text":"President","start":10580.18,"end":10580.58},{"text":"Illicit","start":10581.22,"end":10581.82},{"text":"financial","start":10581.82,"end":10582.1},{"text":"flows","start":10582.18,"end":10582.78},{"text":"pose","start":10582.78,"end":10583.22},{"text":"serious","start":10583.22,"end":10583.62},{"text":"threats","start":10583.62,"end":10584.06},{"text":"to","start":10584.06,"end":10584.3},{"text":"sustainable","start":10584.3,"end":10584.94},{"text":"development,","start":10584.94,"end":10585.3},{"text":"trust","start":10585.94,"end":10586.3},{"text":"in","start":10586.3,"end":10586.5},{"text":"institutions","start":10586.5,"end":10587.14},{"text":"and","start":10587.14,"end":10587.46},{"text":"domestic","start":10587.46,"end":10587.94},{"text":"resource","start":10587.94,"end":10588.459},{"text":"mobilization.","start":10588.459,"end":10589.14}]},{"text":"Financial integrity can improve from coordinated and multilateral cooperation.","start":10589.86,"end":10594.5,"topics":[],"words":[{"text":"Financial","start":10589.86,"end":10590.26},{"text":"integrity","start":10590.34,"end":10591.06},{"text":"can","start":10591.06,"end":10591.42},{"text":"improve","start":10591.42,"end":10591.78},{"text":"from","start":10591.86,"end":10592.18},{"text":"coordinated","start":10592.18,"end":10592.94},{"text":"and","start":10592.94,"end":10593.1},{"text":"multilateral","start":10593.1,"end":10593.82},{"text":"cooperation.","start":10593.82,"end":10594.5}]},{"text":"Norway therefore welcomes today's discussion on deepening international cooperation, recognizing that financial integrity depends on inclusivity, accountability, transparency and an effective exchange of information.","start":10594.98,"end":10608.39,"topics":[{"key":"automatic-information-exchange","label":"Automatic Exchange of Information","description":"Strengthening inclusive, interoperable frameworks for automatic and on-request exchange 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the representation of developing countries and norms setting bodies will ensure that the resulting policies are both inclusive and workable on the ground.","start":10944.81,"end":10953.21,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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in the capacities of developing countries through strengthened legal frameworks, adoption of new technologies and the strategies on the use of information ensure that no one will truly be left behind.","start":10953.61,"end":10964.65,"topics":[{"key":"capacity-building-and-inclusivity","label":"Capacity Building and Inclusivity","description":"Providing sustained technical assistance, digital infrastructure, human capacity, and simplified standards to ensure developing countries can meet and benefit from transparency regimes without being left 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the right to financial integrity must coexist with the right to privacy and due process.","start":10965.29,"end":10970.27,"topics":[],"words":[{"text":"Lastly,","start":10965.29,"end":10965.81},{"text":"the","start":10965.81,"end":10965.97},{"text":"right","start":10965.97,"end":10966.17},{"text":"to","start":10966.17,"end":10966.37},{"text":"financial","start":10966.37,"end":10966.65},{"text":"integrity","start":10966.73,"end":10967.45},{"text":"must","start":10967.71,"end":10967.83},{"text":"coexist","start":10967.83,"end":10968.39},{"text":"with","start":10968.39,"end":10968.51},{"text":"the","start":10968.51,"end":10968.63},{"text":"right","start":10968.63,"end":10968.83},{"text":"to","start":10968.83,"end":10969.03},{"text":"privacy","start":10969.03,"end":10969.43},{"text":"and","start":10969.43,"end":10969.67},{"text":"due","start":10969.67,"end":10969.91},{"text":"process.","start":10969.91,"end":10970.27}]},{"text":"The Philippines remains committed to working alongside 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you very much.","start":10986.35,"end":10987.39,"topics":[],"words":[{"text":"Thank","start":10986.35,"end":10986.71},{"text":"you","start":10986.71,"end":10986.87},{"text":"very","start":10986.87,"end":10987.07},{"text":"much.","start":10987.07,"end":10987.39}]}]}],"speaker":{"name":null,"affiliation":"PHL","affiliation_full":"Philippines","group":null,"function":"Representative"}},{"statement_number":88,"paragraphs":[{"sentences":[{"text":"Thank you very much.","start":10990.67,"end":10991.63,"topics":[],"words":[{"text":"Thank","start":10990.67,"end":10990.99},{"text":"you","start":10990.99,"end":10991.11},{"text":"very","start":10991.11,"end":10991.31},{"text":"much.","start":10991.31,"end":10991.63}]},{"text":"I now give the floor to Mauritius.","start":10993.48,"end":10995.4,"topics":[],"words":[{"text":"I","start":10993.48,"end":10993.6},{"text":"now","start":10993.6,"end":10993.8},{"text":"give","start":10993.8,"end":10994},{"text":"the","start":10994,"end":10994.16},{"text":"floor","start":10994.16,"end":10994.48},{"text":"to","start":10994.48,"end":10994.76},{"text":"Mauritius.","start":10994.76,"end":10995.4}]}]}],"speaker":{"name":null,"affiliation":"ECOSOC","affiliation_full":"ECOSOC","group":null,"function":"Vice-President"}},{"statement_number":89,"paragraphs":[{"sentences":[{"text":"Thank you, Mr. President.","start":10997.56,"end":10998.68,"topics":[],"words":[{"text":"Thank","start":10997.56,"end":10997.88},{"text":"you,","start":10997.88,"end":10998.04},{"text":"Mr.","start":10998.04,"end":10998.36},{"text":"President.","start":10998.36,"end":10998.68}]},{"text":"Let me start by saying that we fully support the statement made by Palau on behalf of the small island developing 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