BnEI Launches Enhanced Audit Standard

The Banknote Ethics Initiative (BnEI) has launched the BnEI 2.0 Audit Standard, which it terms a significant advancement in the organisation’s commitment to promoting ethical practices and compliance across the global banknote industry. All BnEI members will now be audited and accredited under the newly developed BnEI 2.0 framework.

Established in 2013, BnEI has played a pivotal role in promoting and upholding integrity, transparency and ethical conduct in the banknote industry. It currently has 13 members, representing some of the leading banknote printers and suppliers. In addition, 40 central banks have signed up to support the initiative.

The original BnEI 1.0 Audit Standard provided a robust foundation and structured approach to evaluating anti-bribery and anti-trust compliance, setting a benchmark for ethical conduct in the banknote industry.

But recognising the evolving landscape of global risks and the emergence of new international frameworks, such as the ISO 37001 standard on Anti-Bribery Management Systems, BnEI has developed the enhanced BnEI 2.0 Audit Standard to modernise and strengthen its approach and audit methodology.