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.

Our programme of work in Malawi, led by the International Centre for Asset Recovery with funding support from the UK Department for International Development, has been expanded to complement its original focus on corruption investigations and the recovery of stolen assets with prevention components.

These include assistance with a review of the national anti-corruption strategy, fresh engagements with the private sector and training on research methods and corruption risk assessment strategies. 

There's a lot of buzz about Collective Action as a means to tackle corruption. But what is it exactly? What is its value? How is it good for business? Who gets involved in Collective Action initiatives and why?

This week, we will be releasing five short videos about Collective Action. Filmed during the International Centre for Collective Conference in November 2018, they feature leading voices in the field of anti-corruption Collective Action.

The Basel Institute on Governance has been instrumental to the design, development and implementation of industry standards through collective action across the world and in a large variety of sectors. Examples of this experience are the PACI Principles, the Wolfsberg Anti Money Laundering Principles, the Clovis Principles and our ongoing efforts in the Power Systems, Logistics & Transport and Art Trade sectors.

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.

The B20 Task Force on Anti-Corruption and Transparency has awarded the establishment of the B20 Collective Action Hub to the Basel Institute on Governance, which will work on this in close partnership with the UN Global Compact. This comes at the same time as leading global companies from the energy and transport sector have agreed to establish a Working Group on Integrity to collaborate with the Basel Institute on anti-corruption Collective Action initiatives in those sectors.