Mutual insurer TT Club has teamed up with Maritime Anti-Corruption Network (MACN) to combat corruption in the maritime transport industry.
With a global membership of more than 180 organisations, MACN has three primary weapons in the fight against corruption – capability building, collection action and collaboration.
TT will work with MACN in implementing its anti-corruption principles by raising awareness of corruption issues, promoting best practices to combat its effects.
Last last year TT Club became a signatory to the UN Principles for Sustainable Insurance. “In now joining MACN, we are taking a further step in focusing on the issues that are most relevant to our own members, and where the club is able to have a positive impact, cooperating with international institutions that are dedicated to ensuring increased transparency in maritime transactions and enhanced procedural integrity,” said chief operating office, Mark Argentieri.
In welcoming TT Club, Cecilia Müller Torbrand, chief executive of MACN said: “It is exciting that we will be able to reach a new group of stakeholders with TT Club as a member.”
