About

The High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda aims to contribute to the implementation of the 2030 Agenda for Sustainable Development by:

  • Reviewing current challenges and trends related to financial accountability, transparency and integrity;
  • Reviewing existing international institutional and legal frameworks related to financial accountability, transparency and integrity, with a view to identifying any gaps, impediments and vulnerabilities in their design and/or implementation, including with regard to their comprehensiveness, effectiveness and universality;
  • Making evidence-based recommendations, building on the successes and ongoing work of existing mechanisms, on:
    • How to make the systems for financial accountability, transparency and integrity more comprehensive, robust, effective, and universal in approach;
    • Ways to address identified gaps, impediments and vulnerabilities, including by: (i) strengthening the implementation of existing mechanisms, standards and commitments; (ii)  improving existing international frameworks related to financial accountability, transparency and integrity, where possible; (iii) exploring the need for, and feasibility of, establishing additional international instruments or frameworks, where warranted; and (iv) governance arrangements to match the challenges; and
    • Ways to strengthen international cooperation, including through existing bodies, that will enhance capacity to implement the recommendations.

FACTI Q&A

What is the FACTI Panel?

The FACTI Panel is the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda. It aims to improve the world’s chances of achieving sustainable development by making recommendations that both strengthen current efforts to combat illicit financial flows, and close remaining gaps in the international system.

How was the FACTI Panel established?

General Assembly resolution 74/206 includes an invitation to the President of the General Assembly and the President of the Economic and Social Council to give appropriate consideration to the importance of combating illicit financial flows and strengthening good practices on asset return to foster sustainable development. The President of the General Assembly and the President of the Economic and Social Council welcome this call. On this background, they are convening the FACTI Panel.

Who funds the FACTI Panel?

The FACTI Panel is supported by an independent secretariat, hosted by the United Nations Department of Economic and Social Affairs/Financing for Sustainable Development Office.
Funding for the Panel’s work and the independent secretariat is provided through voluntary contributions to the Trust Fund to Support Activities for the Follow-up to the International Conference on Financing for Development. Further information on the independent secretariat is available here.

What topics will the FACTI Panel address?

The FACTI Panel is expected to contribute to the overall efforts undertaken by Member States to implement the ambitious and transformational vision of the 2030 Agenda.

What is the FACTI Panel expected to achieve?

The FACTI Panel is expected to contribute to the overall efforts undertaken by Member States to implement the ambitious and transformational vision of the 2030 Agenda. 

What topics will the FACTI Panel address?

The FACTI Panel is expected to contribute to the overall efforts undertaken by Member States to implement the ambitious and transformational vision of the 2030 Agenda for Sustainable Development
Ensuring the effective implementation of comprehensive international frameworks related to financial accountability, transparency and integrity is critical to financing the Sustainable Development Goals.

How will the FACTI Panel work?

The FACTI Panel will solicit comments and suggestions from policymakers and government officials, representatives of international agencies, academics, the private sector and members of civil society, both at its formal meetings and between them. International bodies, including UN System agencies and non-UN institutions, are invited to work with the Panel. Together, these deliberations and inputs will feed into an interim report of findings to be presented in July 2020. This will be followed up with a final report, including recommendations, in February 2021.

Who is on the FACTI Panel and how were they chosen?

The FACTI Panel is composed of fifteen members, chosen jointly by the Presidents of the General Assembly and the Economic and Social Council. They are drawn from policymakers, academia, civil society, the public and private sectors. 
Panel members are chosen for their understanding of the complexities of financial accountability, transparency and integrity; their grasp of the strengths and weaknesses of existing institutions; their experience in relevant policy design and implementation; and their knowledge of the challenges faced by countries from different regions and at different development levels.
Meet the members of the FACTI Panel here.

Are FACTI Panel members paid?

Panel members are acting in a voluntary capacity and are not paid. They are reimbursed for their travel expenses, in compliance with standards set by the International Civil Service Commission.

Is the FACTI Panel a watchdog group?

The FACTI Panel is not a watchdog group. It was established by the President of the General Assembly and the President of the Economic and Social Council to review current challenges and trends related to financial accountability, transparency and integrity, and to make recommendations for strengthening what is already working while addressing any gaps and vulnerabilities.

How will the FACTI Panel engage with governments?

Engagement with governments and stakeholders is at the heart of the FACTI Panel approach. 
Throughout the term of the Panel’s work, its members will engage with Member States to understand their circumstances, practices and needs. 
The Panel will solicit comments and suggestions from interested stakeholders including policymakers and government officials, representatives of international agencies, academics, the private sector and members of civil society, both at its formal meetings and between them. International bodies, including UN System agencies and non-UN institutions, are invited and encouraged to work with the Panel.

Doesn’t the UN already work to combat illicit financial flows?

There are existing mechanisms of international cooperation, both within the United Nations and outside of it. Yet, in the view of many Member States and other stakeholders, there is room for improvements in the implementation, inclusiveness, and/or design of the international institutional architecture.
The FACTI Panel will identify any gaps, impediments and vulnerabilities in the design and/or implementation existing international institutional and legal frameworks related to financial accountability, transparency and integrity. It will then make evidence-based recommendations on making systems more comprehensive, robust, effective, and universal in approach. 

There is no agreed definition of ‘illicit financial flows’, so how then can the FACTI Panel be constructive?

While it is true that there is no agreed definition of this term, this does not prevent Member States from taking action in policy areas relevant to financial accountability, transparency and integrity.
This Panel is responding to the urging of Member States to recommend solutions that will contribute to strengthening the international financial architecture, in order to achieve the 2030 Agenda for Sustainable Development.

How can I contribute to the work of the FACTI Panel?

The FACTI Panel wants to hear from you! 
Follow us on Twitter at @FactiPanel and tweet us your ideas using the hashtag #FinancialIntegrity.
Get in touch with our Secretariat here.

Terms of Reference

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FACTI Secretariat