In many countries the regulatory oversight of the private security sector is failing to keep pace with the rapidly growing and diversifying industry, leading to heightened global risks of fraud, corruption and violence. Many PSCs operate in countries with weak governance, often coupled with feeble defence sector institutions and a culture of secrecy around national security issues, all of which provide a fertile environment for corruption to thrive. Negative impacts can be multifaceted, ranging from exerting undue influence on military and security policy to trafficking arms or minerals. This panel will examine where the corruption risks lie in the operations of PSCs and how these could be addressed through increased transparency and better regulation of the sector.
Moderator: Michelle Quinn, Vice President, Business Development, Constellis
Venue: Fédération des Enterprises Romandes Genève, Rue de Saint-Jean 98, 1201 Geneva