The following summary reflects key messages emerging from the Harnessing the intangible: enhancing integrity during crises Knowledge Partner session on 25 March 2021 at the 2021 OECD Global Anti-Corruption & Integrity Forum.
Local certification is emerging as an interesting way for large companies and their supply chains to help address compliance and due diligence issues that can be a barrier to business. A recent Basel Institute working paper showed how local certification programmes developed with a Collective Action approach can help:
This guide helps businesses to learn more about the UN Global Compact Collection Action Project in partnership with five Global Compact Local Networks in Brazil, Japan, Kenya, Nigeria and Egypt.
It also aims to help improve anti-corruption practices within their individual organizations and to engage other businesses, governments and civil society in anti-corruption Collective Action.
Nigeria is one of the most challenging countries to do business in as requests for cash and in-kind payments are very common. Many government agencies frequently make corrupt demands during port calls related to alleged irregularities of documentation (e.g. yellow fever certificates, crew contracts) or operations (e.g. ballast water discharge documentation, onboard practice in general).
That corruption is a destructive and complex practice is openly acknowledged in Nigeria, yet it remains ubiquitous in the functioning of society and economic life. The consequences of corruption for the country and its people are, moreover, indisputable. Acts of diversion of federal and state revenue, business and investment capital, and foreign aid, as well as the personal incomes of Nigerian citizens, contribute to a hollowing out of the country’s public institutions and the degradation of basic services.
Before the adoption of UNCAC, there was no policy or international legal framework guiding the disposal and monitoring of repatriated assets. As a result, there were no globally accepted rules to follow when repatriating confiscated assets to requesting countries.
Even after the adoption of UNCAC, global practice regarding the disposal of repatriated assets remains unclear. Indeed Article 57 (5) of UNCAC does not provide clear guidance in relation to the final disposal of confiscated assets.
On 24-25 October 2013, in coordination with the Swiss Federal Department of Foreign Affairs, the International Centre for Asset Recovery organised and hosted a two-day workshop on the topic of "Returning Stolen Assets." The workshop took place in Küsnacht (Zürich), Switzerland.
From 14 to 18 September 2015, the International Centre for Asset Recovery (ICAR) of the Basel Institute participated in the 13th Interpol Global Programme on Anti-Corruption, Financial Crimes and Asset Recovery in Dakar, Senegal, coordinated by Interpol's Anti-Corruption and Financial Crimes Unit in partnership with the US Department of Justice Criminal Division and the Anti-Corruption of Senegal (OFNAC). The five-day workshop brought together some 34 participants from Benin, Burkina Faso, Cameroon, Côte d’Ivoire, Guinea, Nigeria, Senegal and Togo.
At an event in London co-hosted by the Basel Institute on Governance and Chatham House on Monday 10 July 2017, panelists from Jersey, Kenya, Nigeria and the UK agreed that partnership, understanding each other’s systems and procedures, and informal communication between requesting and requested states is critical to successfully recover stolen public funds internationally.