Tag: corruption

The UN Global Compact has set ten principles for companies to integrate them into strategies, policies and procedures, in a bid to establish a culture of integrity. Corporate sustainability starts with a company’s value system and a principles-based approach to doing business.

As MACN reports, corruption is one of the most challenging risks for any business, and doing business in Ukraine is no exception. In Ukraine, the shipping industry faces challenges such as in connection with documentation handling and controls of on board practices regarding waste disposal, and ballast water discharge among others.

Britannia announced that it has become the first P&I Club to be accepted as a member of the Maritime Anti-Corruption Network (MACN). By joining MACN, Britannia aspires to provide the Network with input from an insurance sector perspective. MACN Director, Cecilia Müller Torbrand, commented on the importance of Britannia joining the Network, saying that the effect of maritime corruption is felt across the industry.

Electronic information exchange and data harmonization, work for a maritime single window and maritime corruption guidance were the key themes on the agenda of IMO's FAL Committee, during its 43rd session on 8-12 April 2019.

IMO agreed to address maritime corruption by including this issue in its work programme for the Facilitation Committee. The decision to include an anti-corruption agenda came during the latest meeting of the IMO’s Facilitation Committee (FAL) in response to a submission from Liberia, Marshall Islands, Norway, United Kingdom, US and Vanuatu.

Four former leaders of the state-owned Vietnam Shipbuilding Industry Group (Vinashin), now the Shipbuilding Industry Corporation (SBIC), have been charged with abusing position and power to appropriate assets. Accused of violations is former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (OceanBank) Ha Van Tham and his accomplices.

The International Monetary Fund published a report resulting to the fact that curbing corruption could generate about $1 trillion (760.23 billion pounds) in tax revenues annually across the world. In addition to increasing government revenue, fighting corruption can also reduce waste and even help to lift test scores among public school students, while also improving overall public trust in the government.

The Republic of the Marshall Islands Maritime Administrator joined the Maritime Anti-Corruption Network (MACN) as an Associate Member. MACN's aim and that of its members is to work towards reducing maritime corruption, especially in the interface between ship and port. Marshall Islands will be providing real time reporting and information sharing.

The Liberian Registry announced launch of a new platform for crews and/or managers of Liberian flagged vessels to anonymously report incidents of corrupt demands and practices experienced during port operations. In November 2018, the Liberian Administration became the first associate member of MACN.

Latest data from the Maritime Anti-Corruption Network’s (MACN) Anonymous Incident Reporting System reveals that corruption incidents in Argentina have decreased by more than 90%. This drop follows the development of a new regulatory framework with the National Service of Health and Agri-Food Quality (Senasa).