SEA-ACN Roundtable | Standardizing Open Data on Politically Exposed Persons: Key to Combatting Money Laundering

How can we develop effective data standards? We’ve got the answers from “The Southeast Asian Anti-Corruption Network (SEA-ACN) Roundtable Discussion”

 
This event was organized by Knowledge Hub for Regional Anti-corruption and Good Governance Collaboration” (KRAC), Faculty of Economics, Chulalongkorn University supported by the National Research Council of Thailand (NRCT) in collaboration with the United Nations Office on Drugs and Crime (UNODC), The Chandler Institute of Good Governance, and the U.S. Embassy in Thailand.
 
The roundtable discussion on “Open Data” addressed the promotion of transparency and accountability through comprehensive and accessible public data, featuring participants from eight different organizations:
 
1. Chandler Institute of Governance
3. Sinar Project
4. WeVis (WEVIS DEMO CO., LTD)
5. People’s Empowerment Foundation
7.Sweden Embassy
8.Indonesia Corruption Watch
 
The participants presented the “Guidelines for Standardizing Open Data on Politically Exposed Persons (PEPs),” referring to a database of individuals assigned or previously assigned to important positions domestically and internationally, including key political party figures. These individuals are at risk of money laundering due to misconduct or corruption, which are predicate offenses under anti-money laundering laws.

The discussion revealed that the collection of PEPs data lacks standardization among different agencies, as each agency collects data independently and does not continuously exchange information. However, SEA-ACN members are currently striving to facilitate access and exchange of data within and between countries in the region. Despite this, differences in data collection details remain a challenge, necessitating improvements in data disclosure processes to ensure standardized and usable information.

 
Therefore, the participants aim to develop a handbook to standardize data sets, clearly define “Politically Exposed Persons”, and make data exchange between network members easier and more convenient. This approach will also leverage the strengths of each organization, such as organizations with extensive data sets but limited presentation capabilities. Standardized data will enable collaboration with organizations specialized in data presentation, enhancing overall potential.
 
Moreover, having a “Data Standards Handbook” will streamline cooperation among various sectors. For example, the media will be able to access easily usable data sets for news reporting, accelerating public dissemination without needing data conversion. Additionally, sharing databases will facilitate collaborative efforts to combat money laundering with the Financial Action Task Force (FATF).
 
This is just 1 of 4 topics from this roundtable discussion. Stay tuned for more insights from KRAC in the next coming weeks! Follow us on Facebook KRAC Corruption !
YEAR
2024
AUTHOR

Knowledge hub for Regional Anti-corruption and good governance Collaboration (KRAC)

ORGANIZATION
05_โลโก้ KRAC
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