"First of all, funding must be transparent; such transparency is essential whatever the level of political and economic development of the country concerned. Transparency operates at two levels. The first concerns campaign funds, the details of which must be set out in a special set of carefully maintained accounts. In the event of significant deviations from the norm or if the statutory expenditure ceilings are exceeded, the election must be annulled. The second level involves monitoring the financial status of elected representatives before and after their term in office. A commission in charge of financial transparency takes formal note of the elected representatives’ statements as to their finances. The latter are confidential, but the records can, if necessary, be forwarded to the public prosecutor’s office. "
DocumentCoE (Venice Commission): Code of Good Practice in Electoral Matters, II.3.5.108-109 (exp. report)
- The system should be transparent in disclosing the funding received by any political party or candidate.
- States should require that parties present and make public their accounts.
- States should provide for the independent monitoring of campaign and political funding.
- An independent monitoring body should be created to review political and campaign finance.
- The rules should provide a mechanism for challenging and for invalidating all or part of the election results.
- States should proactively put in the public domain government information of public interest.