On Monday 26th November 2013, representatives from the World Economic Forum's Partnering Against Corruption Initiative (PACI), the OECD, the Basel Institute on Governance, and Siemens discussed the need for businesses to use Collective Action in the fight against corruption.
This was addressed on the occasion of the Fifth Conference of the State Parties (CoSP) to the United Nations Convention against Corruption, held in Panama City, Panama.
In the context of financial crime the recovery of stolen assets is an essential aspect of sanctioning of corruption and it can remedy some of the social harm caused by corruption. These considerations are equally relevant when prosecuting international crimes such as war crimes, crimes against humanity or genocide.
If you want to go fast, go alone. If you want to go far, go together.
Singapore demonstrates a strong anti-money laundering and counter financing of terrorism (AML/CFT) legislative framework but despite this, it shows significant weaknesses in its effective implementation, according to a recent review by the Financial Action Task Force.
Joe Murphy recently talked in a post on the FCPA Blog about antitrust concerns under U.S. law for competitors who band together to fight corruption. I'd like to explain how and why the antitrust issue can be mitigated.
As the problems created by corruption affect society as a whole, everyone would benefit from its eradication. Unfortunately, however, perceptions of corruption may not always align with this view which is why it is of utmost importance to raise awareness of corruption by way of education and training, and greater knowledge of the consequences of corruption may enable its elimination. That being said, corruption cannot be tackled alone, and the concept of Collective Action could ensure that businesses have the opportunity to use the power of unity to make a difference.
IRU Secretary General, Umberto de Pretto, unveils the scale and damages of corruption on roads and explains how the world road transport organisation is tackling this issue head on.
In short, it’s a joint effort between the IRU and United Nations Global Compact to fight extortion and corruption along major road transport corridors. We’re working together to secure the sustainable development of global supply chains, hence economies, worldwide.
This piece was originally published by the TRACE International Blog on 8 May 2015. Republished here with permission.
As we soon approach the one year anniversary of the 2014 ICCA Conference "Collective Action: Going Further Together to Counter Corruption" this blog piece returns to one of the key messages to emerge from the event, on the topic of engagement with government in Collective Action.
Last month, I had the pleasure of attending and speaking at the conference “Integrity Pacts – Safeguarding EU Funds” in Brussels, hosted by Transparency International (TI) and with the participation of the European Commission. The conference was held in the context of a pilot project recently launched by the Commission - "Integrity Pacts - Civil Control Mechanism for Safeguarding EU Funds" – which will explore the applicabil