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EFIC fights corruption through Transparency International

EFIC fights corruption through Transparency International article image

Export credit agency the Export Finance and Insurance Corporation (EFIC) has become a member of Transparency International's Australian chapter. The organisation's mission is to fight corruption worldwide. "Joining Transparency International Australia demonstrates EFIC’s commitment to anti-corruption measures in Australia and in the overseas countries in which our clients operate," said Angus Armour, managing director and CEO of EFIC. Transparency International has a global network spread over 80 countries. Other Australian members include companies like Westpac and BHP Billiton. "We’re delighted that EFIC has agreed to join us, and look forward to working with them to raise exporters’ awareness about the risk of corruption in the overseas countries they trade with," said Michael Ahrens, executive director of Transparency International Australia. The new membership complements the agency's obligations under Commonwealth law and comes in addition to its membership to the OECD's Export Credits Group, which works to implement measures against practices such as bribery.

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