FNMT Becomes BnEI Member

The Banknote Ethics Initiative (BnEI), launched in 2013, now has 15 members, after the Spanish banknote printer and papermaker Fábrica Nacional de Moneda y Timbre – Real Casa de la Moneda (FNMT-RCM) was formally accredited by the BnEI Accreditation Council.

BnEI members must adhere to a strict Code of Ethical Business Practice. All the organisations that have signed this Code must become accredited after passing an audit that is carried out by a third-party auditor, either GoodCorporation or KPMG Brussels.

‘We are implementing a zero-tolerance policy for corruption, bribery and general non-compliance with legal norms. That’s why we are so proud to achieve this BNEI accreditation that is the first step, but not the last, in our commitment with the most demanding standards of transparency and good governance’, said Isabel Valldecabres, CEO at FNMT-RCM.

Antti Heinonen, BnEI Chairman, welcomed the new member, saying that ‘we take pride that BnEI has extended its membership with FNMT-RCM. We encourage the major customer group - central banks - to give their support to this positive development, requiring BnEI accreditation or equivalent in their banknote related procurement. This would signal the commitment of the whole banknote community to ethical business practices, fighting corruption and anti-competitive practices.’ FNMT-RCM joins Canadian Bank Note Company, CCL Secure, Crane Currency, De La Rue, G+D Currency Technology, Gleitsmann Security Inks, Koenig & Bauer Banknote Solutions, Luminescence Sun Chemical Security, Note Printing Australia, Orell Füssli Security Printing, Seller Ink Industria e Comércio de Tintas e Vernizes, SICPA, South African Banknote Company and SURYS.