The Basel Institute has recently been appointed to facilitate a new sector-specific Collective Action initiative for the banknote industry. Initial collaborative discussions on the process forward for this initiative has been on-going for a couple of months. These discussions have laid the necessary consultative foundations for the initiative to fully take off in 2018.

The kick-off of this new initiative underscores the increasing acceptance of the relevance of a neutral facilitator role to be able to effectively support a group of like-minded companies within a particular industry sector in its efforts to tackle the group's common sector-specific corruption challenges.

Building on its excellent track record as an effective facilitator of such undertakings, the Institute and its team of experts are looking forward to accompany the members of the Banknote Ethics Initiative in the months ahead.