Basel Institute to provide anti-corruption guidance services to SMEs
The Basel Institute has been awarded a mandate to provide cost- and time-effective anti-corruption guidance services to SMEs in a pioneering project piloted by the UK Department for International Development (DFID) as part of their new Business Integrity Initiative.
The main goals of this Initiative are to attract investment into high-risk markets in Asia and Africa, tackle the supply side of bribery and use the influence of investors to engage effectively with host governments to undertake policy reforms in order to create a clean business environment.
SMEs that meet the eligibility criteria can submit an application to receive anti-corruption guidance services in the following three areas:
Collective Action guidance
Guidance on how to use Collective Action as a tool to promote fair competition and tackle corruption risks in overseas markets. Services include hands-on support for launching new anti-corruption Collective Action Initiatives, engaging in existing Initiatives and setting up sustainable public-private dialogue mechanisms to advocate for policy reforms in target countries. More info about Collective Action guidance services (PDF).
Tailored training and guidance on how to comply with the UK Bribery Act and other relevant anti-corruption laws and regulations. The aim is to reduce the risks of legal liability and penalties for firms and individuals, and guide on remedial strategies to address situations when things go wrong. More info about Compliance guidance services (PDF).
A comprehensive programme of support to SMEs seeking to identify their specific corruption risks and develop and implement cost-effective policies and procedures to prevent bribery and corruption. Services include consultation on how to assess a company's bribery and corruption risks and the status of current controls, as well as detailed information on corruption risks in specific countries or sectors. More info about Prevention guidance services (PDF).
The Basel Institute will provide these services under the leadership of Gemma Aiolfi, Head of Compliance, Corporate Governance and Collective Action.
For more information and to check eligibility criteria, see the UK government web page on Doing Business with Integrity.