pi_circular Compliance & regulationOperational risk Britannia P&I
MARITIME ANTI-CORRUPTION NETWORK // JULY 2024 8 MACN NOW HAS MEMBERS MACN SPRING MEETING SUMMARY A RECORD NUMBER OF 240 PARTICIPANTS ATTENDED THE MACN’S SPRING MEMBERS MEETING HELD AT MOLTKES PALÆ IN COPENHAGEN ON 24 – 25 APRIL 2024. THE MEETING COVERED A MIX OF PLENARY SESSIONS AND WORKSHOPS. On day one members heard from anti-corruption experts Jonathan Taylor, Charles Duross, and John Smith. Jonathan Taylor discussed the importance of protecting whistle-blowers who expose corruption and misdemeanours. Morrison Foerster partners, Charles Durross and Jon Smith, covered highlights of a compliance workshop that took place in MACN’s office in April. Highlights included the latest information on current anti-corruption and sanctions frameworks, emphasising key considerations for ethical business practices. Participants then took part in breakout sessions in their country and industry segment working groups, with the day ending with an update from the MACN board. In the plenary session members heard from the IMO and MoU representatives on industry challenges and opportunities relating to Port State Control. Day two consisted of workshops on the challenges faced by different segment working groups, as well as MACN’s tools portfolio. MACN GOES FROM STRENGTH TO STRENGTH 205 MEMBERS Visit the MACN website for the complete list of Members. BECOME A MACN MEMBER If you are interested in becoming a MACN member or attending a future members’ meeting as an observer, please email: macn@macn.dk Further details on MACN can be found at: www.macn.dk BRITANNIA BRIEFING No8 MARITIME ANTI-CORRUPTION NETWORK ANNUAL REPORT 2023 OVER THE PAST 24 MONTHS, MACN HAS BEEN NAVIGATING THE COMPLEX MARITIME LANDSCAPE, SEEING DIRECT CONFLICTS, DISRUPTED TRADE, NEW INTERNATIONAL POWER DYNAMICS AND REGULATORY CHANGES. MACN’s adaptive approach has supported the industry through the changes. Its engagement with regulators and governments, investment in technology and focus on training has enhanced its role in guiding MACN’s members governance efforts. MACN’s annual report dives into their latest achievements, key insights and future plans as it continues its mission for a more transparent and sustainable maritime industry. ANNUAL REPORT 2023 3 SEA DILIGENCE MACN MEMBER PLATFORM UPDATE MACN’s member platform ‘3 Sea Diligence’ was launched in February 2023 with the aim of providing members with access to third-party due diligence and Know Your Counterparty tools, enabling companies to implement comprehensive anticorruption and anti-financial crime compliance programmes. The community can then limit the duplication of efforts and instead collaborate around due diligence. Since its launch, 42 MACN members have joined the platform and over 7,500 entries have been published on the system. The revenue from 3 Sea Diligence will be reinvested into MACN initiatives that provide the wider industry with training, tools and action for anti-corruption compliance. 2023 42 7,568 LAUNCH OF PLATFORM MACN MEMBERS JOINED ENTRIES HAVE BEEN PUBLISHED IN THE SYSTEM SO FAR MARITIME ANTI-CORRUPTION NETWORK // JULY 2024 KEY INSIGHTS READ THE ANNUAL REPORT HERE. BRITANNIA BRIEFING No8MARITIME ANTI-CORRUPTION NETWORK // JULY 2024 LAUNCH OF THE NEXT GENERATION OF SEAFARERS PROJECT Corruption within maritime education and recruitment is a significant but often overlooked issue. Research indicates its widespread presence, from bribery for cadet school admission to extortion during training and job applica
Britannia Briefing - Maritime Anti-Corruption Network (MACN)
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