The Banknotes Ethics Initiative (BnEI) is an anti-corruption collective action initiative founded in 2013. It addresses the internal compliance standards of its members combined with a rigorous accreditation process administered by an external accreditation council.

The objectives of BnEI are also supported by 38 central banks, and now, some five years after its inception, the BnEI is picking up on one of its driving themes – ensuring fair competition in the procurement of banknotes.

An interview with Gemma Aiolfi, Head of Compliance, Corporate Governance and Collective Action at the Basel Institute, has been published by KMPG.

The interview – "From the top: effective anti-corruption measures and the need for change" – discusses the challenges facing banks in combating financial crime, including the need for senior management to lead by example.