International Trade Committee Consultation on UK Export Finance: September 2020
10 October, 2022 | 0 minute read
1. UKEF’s revised anti-corruption policies should be published along with an annual overview of its anti-corruption work.
2. UKEF’s remit for combatting corruption should be revised in line with the Bribery Act and the publication of the UK’s Anti-Corruption Strategy to provide a specific mandate to prevent bribery.
3. Strengthen its anti-corruption procedures by: ensuring there are appropriate sanctions where anti-bribery warranties are breached; referring suspicious activity promptly to law enforcement bodies; denying support where companies do not have anti-corruption procedures in place and where they do not cooperate with law enforcement investigations fully; and making greater use of its audit powers.
4. Continue to promote best practice at the OECD for export credit agencies, including pushing for a robust review mechanism, and an intelligence sharing mechanism between ECAs on corrupt actors.
Spotlight on Corruption is registered as a charitable company. Charity Number (England and Wales) 1185872. Company number 12123483.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.