Inter-American Convention Against Corruption (IACAC)
The Inter-American Convention against Corruption (IACAC), adopted in 1996, aims to promote and strengthen the mechanisms to combat corruption, and to promote, facilitate and regulate cooperation to ensure the effectiveness of the measures to combat corruption in the performance of public functions. The IACAC establishes a number of anti-corruption measures, including the following:
Criminalization: Establishes the criminalization of corrupt acts, including bribery and illicit enrichment.
Cooperation: Includes provisions to strengthen cooperation between its States Parties for mutual legal assistance, technical cooperation, extradition, and identification.
Asset Recovery: Includes provisions to strengthen cooperation between its States Parties for tracing, freezing, seizing and forfeiting the proceeds of acts of corruption.
Monitoring: The IACAC Follow-Up Mechanism (MESICIC) provides a comprehensive system of inter-state monitoring and compliance assessments.