The purpose of sector-specific initiatives is to bring together companies from the same industry to develop clear-cut anti-corruption and anti-money laundering principles. These principles or standards are then endorsed and implemented by all participants.
Goal
Facilitating anti-corruption standard setting in the private sector.
Expertise
- Evaluating best practices for anti-corruption standards
- Facilitating standard setting exercises involving various stakeholders
- Initiating sector specific processes
Main business sectors
- Banking industry
- Power systems industry
- Logistics and transport industry
- Cross industry
Methodology
- Close to stakeholders’ needs
- Academic expertise
- Practice-oriented advice
- Innovative capacity
Examples of facilitated initiatives
- Wolfsberg Group
- Partnering Against Corruption Initiative of the World Economic Forum (PACI)
Projects
2008
06/20
Logistics and Transport (L&T) Industry Initiave
Another major novelty is that the Basel Institute on Governance initiated in 2008 a gathering of major Transport & Logistics industry players in order to address specific problems encountered by this sector with regard to corruption. The Institute facilitated three meetings up to now where the...
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2006
12/19
World Economic Forum Partnering against Corruption Initiative (PACI)
The Partnering against Corruption Initiative (PACI) was established under the auspices of the World Economic Forum (WEF), the Basel Institute on Governance, and Transparency International at the WEF 2003 annual meeting in Davos. The Basel Institute on Governance is represented on the PACI Board by...
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2002
09/19
The Wolfsberg Group principles
The Wolfsberg Group is an association of eleven global banks, which aims to develop financial services industry standards, and related products, for Know Your Customer, Anti-Money Laundering and Counter Terrorist Financing policies. The Group came together in 2000, at the Château Wolfsberg in...
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