Consider the following statements regarding the United Nations Convention against Corruption:1. It is the only legally binding universal anti-corruption instrument.2. The convention has provisions for asset recovery which allows for returning of assets to the rightful owners.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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Consider the following statements regarding the United Nations Convention against Corruption:
1. It is the only legally binding universal anti-corruption instrument.
2. The convention has provisions for asset recovery which allows for returning of assets to the rightful owners.
Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'C'. Can you explain this answer?

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Consider the following statements regarding the United Nations Convent...

• The United Nations Convention against Corruption is the only legally binding universal anticorruption instrument. The Convention's far-reaching approach and the mandatory character of many of its provisions make it a unique tool for developing a comprehensive response to a global problem. The vast majority of United Nations Member States are parties to the Convention. Hence, statement 1 is correct.
• The Convention covers five main areas: preventive measures, criminalization and law enforcement, international cooperation, asset recovery, and technical assistance and information exchange.
• The Convention covers many different forms of corruption, such as bribery, trading in influence, abuse of functions, and various acts of corruption in the private sector. A highlight of the Convention is the inclusion of a specific chapter on asset recovery, aimed at returning assets to their rightful owners, including countries from which they had been taken illicitly. Hence, statement 2 is correct.
• The Corruption Perceptions Index (CPI) is an index that scores countries on how corrupt their governments are believed to be. The CPI is published by Transparency International, an organization that seeks to stop bribery and other forms of public corruption. A country's score can range from zero to 100, with zero indicating high levels of corruption and 100 indicating low levels.

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Consider the following statements regarding the United Nations Convention against Corruption:1. It is the only legally binding universal anti-corruption instrument.2. The convention has provisions for asset recovery which allows for returning of assets to the rightful owners.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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