IMC Introduces Anti-Bribery and Corruption PolicyJanuary 8, 2020
The Investment Migration Council today publishes the investment migration industry’s first global standard Anti-Bribery and Corruption (ABC) Policy, which will come into effect on March 1st and apply strictly to all members.
“This is another step in further professionalizing our industry and harmonizing standards globally,” says Bruno L’ecuyer in an email to IMI. “The purpose of the Anti-Bribery and Corruption (ABC) Policy is to support the industry in fostering an anti-corruption culture. It provides guidelines on conducting business in the investment migration industry globally with the highest level of honesty and integrity.”
The document contains guidelines for how IMC member companies should formulate and implement such policies of their own. Download the full PDF below:
“The aim,” continues L’ecuyer, “is to set out the responsibilities of our members and the wider industry in observing and upholding the IMC’s position on these issues and to provide information and guidance on how to recognize and deal with them, thus complying with generally accepted and applicable global anti-bribery and corruption laws and regulations.”
The IMC, of course, is a non-governmental association, and its enforcement tools are limited to the levying of sanctions on members. The organization, therefore, depends on the voluntary cooperation of its members for the promulgation of global industry standards.
“The IMC strongly relies on the cooperation of its members and hopes that the implementation of its ABC Policy will be yet another success story which will contribute to the further professionalization of the industry,” concludes L’ecuyer.
More stories about the IMC:
- EESC Echoes Eur. Parliament’s “Phase-Out” Call – “Intellectually Disingenuous,” Says IMC
- IMC’s Investment Migration Certification Program Gaining Momentum
- L’ecuyer: “Shocked and Alarmed” at MEPs’ Misconceptions of IM Industry