Robert Greenhill and Martin KreutnerThe World Economic Forum, Partnering against Corruption Initiative (PACI), and IACA signed a Memorandum of Understanding establishing a general framework for cooperation in the fight against corruption.

Robert Greenhill, Managing Director at the World Economic Forum, expressed that the PACI signatory companies support IACA´s mission and look forward to working together in range of anti-corruption activities, including providing training for corporate compliance officers.

The signing ceremony took place in Vienna on 9 June during the World Economic Forum on Europe and Central Asia. Martin Kreutner, Chair of the IACA International Transition Team, emphasized IACA´s commitment to establishing a broad range of partnerships as a means of effectively countering corruption, highlighting cooperation with the WEF (PACI) as an important step in this direction and also addressing the increasingly important role of corporate businesses and other private sector stakeholders in this joint endeavor.