Local certification is emerging as an interesting way for large companies and their supply chains to help address compliance and due diligence issues that can be a barrier to business. A recent Basel Institute working paper showed how local certification programmes developed with a Collective Action approach can help:
The Basel Institute on Governance is delighted to join the Global Coalition to Fight Financial Crime (GCFFC) in support of its core mission to make the fight against financial crime more effective. Together with her senior leadership team, Basel Institute Managing Director Gretta Fenner will chair the Coalition's new Anti-Corruption Expert Working Group.
Collective Action is at the heart of the new Strategy 2021–23 of the United Nations Global Compact, an ambitious corporate sustainability initiative that supports companies around the world in achieving sustainable and responsible business operations throughout their supply chains.
An interview with Gilbert Sendugwa, Senior Regional Manager Africa of the Uganda chapter of CoST – the Infrastructure Transparency Initiative. He gives an insight into a recent UK Business Integrity Initiative-funded project on “Promoting fair business practices between the government and the private sector".
We are delighted to have been selected by the B20 Italy 2021 Integrity and Compliance Task Force as a Network Partner.
This will enable us to bring to the table our many years of expertise in anti-corruption Collective Action and other novel approaches to private-sector integrity and compliance.
How can local certification of small and mid-sized enterprises (SMEs) help to alleviate anti-corruption due diligence for SMEs as well as multinational corporations (MNC) seeking to work with them?
A new Working Paper by the Basel Institute's Collective Action team attempts to answer that question, which is of real practical relevance to businesses around the world. The paper offers six clear recommendations to practitioners based on discussions and analysis of current local certification initiatives in different countries and sectors.
How can local certification of small and mid-sized enterprises (SMEs) help to alleviate anti-corruption due diligence for SMEs as well as multinational corporations (MNC) seeking to work with them. This Working Paper by the Basel Institute's Collective Action team attempts to answer that question based on discussions and analysis of current local certification initiatives in different countries and sectors.
An illuminating new report by our OECD partners on Responsible Business Conduct and Anti-Corruption Compliance in Southeast Asia illustrates three points we have long emphasised at the Basel Institute.
** Update: After this blog was published, FinCEN announced an extension to the comment period for the proposed regulation on transactions to and from so-called unhosted wallets. See details here.**
The next Cryptocurrencies and Anti-Money Laundering Compliance Training course, scheduled to take place online from 8–11 February, is now open for registration.