The Banknote Ethics Initiative (BnEI) is an initiative established to provide ethical business practice, with a focus on the prevention of corruption and on compliance with anti-trust law within the banknote industry. Working together, and through BnEI, the industry can help ensure that all the companies operating in the industry are performing to the highest ethical standards.
Does your company do business in emerging markets? Wouldn’t it be helpful if you could really rely on the certification of a local business partner in those markets?
If you know you can trust the certifier and the certification process, due diligence will be quicker and easier - at least in theory.
The Basel Institute's International Centre for Collective Action is launching an innovative project to explore certification and its role in anti-corruption due diligence.
What role can compliance certification play in anti-corruption Collective Action?
The discussion around the ISO 37001 standard, published late 2016, created something of a debate on the pros and cons of certifying companies’ compliance programs. And while many welcomed the introduction of a uniform international standard for the prevention and detection of bribes other familiar criticisms of certification remain.