A private sector perspective on the importance of compliance and the benefits of pursuing a level playing field through Collective Action in Ukraine.
News
Basel Institute launches new website and working paper on the High Level Reporting Mechanism (HLRM)
The Basel Institute on Governance is pleased to launch two new resources on the High Level Reporting Mechanism (HLRM) as a corruption prevention tool.
What role can compliance certification play in anti-corruption Collective Action?
The discussion around the ISO 37001 standard, published late 2016, created something of a debate on the pros and cons of certifying companies’ compliance programs. And while many welcomed the introduction of a uniform international standard for the prevention and detection of bribes other familiar criticisms of certification remain.
Publication
Designing a High Level Reporting Mechanism for Business - A Guidance Note for Governments
This document provides general guidance to governments on how to develop and manage a High Level Reporting Mechanism (HLRM).
The HLRM is a tool that can:
On 12 May 2014 the government of Ukraine took a step to help encourage much needed foreign investment into the country by signing a Memorandum of Understanding with the European Bank for Reconstruction and Development (EBRD), the Organisation for Economic Co-Operation and Development (OECD) and several business associations, addressing bribery and promoting transparency and accountability.
Corruption remains endemic in Ukraine and a severe impediment to democratic and economic development in the country. Support to anti-corruption efforts in Ukraine is a high political priority for the European Union.
Experts from the Basel Institute's International Centre for Asset Recovery (ICAR) conducted a five-day Financial Investigations and Asset Recovery training workshop in Ukraine from 27 to 31 August 2018.
This report discusses the different contexts and processes through which a High Level Reporting Mechanism (HLRM) has been designed and implemented in Colombia, Ukraine, Panama and Argentina, as well as initial interest in the HLRM model in Peru.
Its aim is to understand the specificities of each case and draw lessons applicable to future projects in other countries, whilst respecting the commitment to develop an HLRM that takes account of the specific country’s context.
The responsibility for governments to address bribe solicitation derives from internationally recognised anticorruption standards all of which prohibit the ‘demand side’ of bribery, namely, the solicitation by a public official of an undue advantage.
Our Managing Director, Ms Gretta Fenner, recently spoke to The Ukrainian Week about ICAR’s cooperation with, and technical assistance to the Prosecutor General’s Office of Ukraine in investigating financial crimes of the Yanukovych regime, highlighting key operational tools and cooperation mechanisms for successfully tracing and recovering illegally obtained assets.