The Extractive Industries Transparency Initiative (EITI) is a global coalition of governments, companies and civil society working together to improve openness and accountable management of revenues from natural resources.

The EITI came about in an environment of increasing pressure from civil society organisations in the late 1990s for transparency in the payments and revenues stemming from the extractive industry. In 2003, the 12 EITI Principles, focusing on the need for transparent management of natural resources, were created. Goals:

Recognising the fundamentally destructive nature of corruption and bribery on societies, economies and businesses, and in support of their companies’ unconditional commitment and strict policies against corruption and bribery in all their business dealings, the members of the Working Group on Integrity in Energy and Transport aim to collaborate to develop anti-corruption initiatives in countries in which they operate.

These initiatives may include:

This project was established with the aim of creating awareness in the private sector in Thailand of the risks of corruption and to reduce the likelihood of companies engaging in corruption. It stresses the need to implement policies and effective mechanisms to prevent corruption at firm and industry levels.

Companies participating in this initiative pledge to disclose and share their internal policies and experiences to help disseminate and promote best practices.

Someone once said that the more knowledge is freely shared, the more it grows. Our free eLearning courses on asset tracing, intelligence gathering and financial analysis exemplify this idea.

Peter Huppertz, Team Leader IT and eLearning, explains some of the benefits of online courses for financial investigators, analysts and others who need to acquire and practise these complex skills.