World Credit Organization (WCO) Supervision of Members-World Credit Organization

8.8 Supervision of members

The World Credit Organization (WCO) supervises its members very strictly. There are clauses to regulate the behavior of members in many standards, and there is also a special supervision standard, namely: "World Credit Organization (WCO) Membership Supervision Standards " (https://www.ice8000.org/acnhwgc/57.htm).

8.8.1 Features of World Credit Organization (WCO) member supervision

1. The whistleblower has the initiative and can win a lot of rewards.

Western countries attach great importance to the role of whistleblowers in surveillance. The concept of whistleblower was introduced by Professor Lang Xianping in Guangdong Satellite TV's "Financial Langyan" program, and the author was greatly inspired.

The standard stipulates: Whistleblowers are those who discover violations and report to the World Credit Organization (WCO) and/or the media whistleblower. A whistleblower can be a victim of the violation, an employee of the offending unit, a participant in the violation, or anyone unrelated to the violation.

The executive board of the World Credit Organization (WCO) does not have investigative powers for monopoly violations. Whistleblowers have the leading right to investigate violations. Whistleblowers can report and be investigated by the World Credit Organization (WCO) Executive Council. They also have the right to investigate on their own and directly sue in the International Court of Ethics.

Informants and victims of untrustworthy behaviors have the right to act as whistleblowers, report to the World Credit Organization (WCO) Executive Council or directly file a lawsuit to the International Court of Ethics. The World Credit Organization (WCO) heavily rewards whistleblowers with punitive damages borne by malicious dishonesty.

Second, each member has the right and obligation to assist in supervision.

The relevant standards all stipulate that when members know that other members have violated the rules, they have the right and obligation to truthfully report to the World Credit Organization (WCO).

Third, each member has the obligation to cooperate with the World Credit Organization (WCO) in investigation, trial and arbitration.

Relevant standards stipulate that members have the obligation to actively cooperate in the investigation, trial and arbitration of the World Credit Organization (WCO).

Fourth, investigation and decision are separated.

According to the principle of separation of powers, the president, the executive council, and the board of directors do not have the power to make decisions, but only to investigate. The adjudication power lies with the International Moral Court, and whether to punish and how to punish are ultimately decided by the International Moral Court, so as to guarantee the fairness of the punishment. The procedures of the International Moral Court are rigorous, scientific, and independent, so as to protect good people from being wronged.

5. Fine compensation and moral loss for malicious dishonesty.

If a member violates the rules maliciously, he/she needs to bear fine compensation and moral loss.

Sixth, there is no specific penalty standard, so as to ensure that the intensity of punishment keeps pace with the times.

If the penalty standard is very specific, for example: how much is the fine for a certain violation. In this way, the perpetrator can pre-calculate the cost of violation, and when the cost of violation is lower than the income of violation, he still has the enthusiasm for violation. If the provisions are not specific, the accuser (or the victim) will propose the penalty standard based on the actual situation of the violation, and the International Moral Court will make a ruling based on the actual situation. This makes it impossible to calculate the cost of violations in advance, and ensures that the punishment is always greater than the income from violations.

8.8.2 Liability for member violations

Responsibilities for member violations include:

One, make an apology: make an apology to the victim in order to seek understanding.

2. Compensation for losses: Compensation for direct economic losses caused to others due to one's own fault.

3. Punitive damages and moral damage: The World Credit Organization (WCO) is registered in the United States, and the design and operation of the ICE8000 system strives to absorb the advantages of the common law system and the civil law system. Therefore, the trial committee, board of supervisors, jury, and arbitral tribunal of the World Credit Organization (WCO), which have independent trial functions, may require malicious violations based on the actual situation or the request of the victim, based on the legal principles and rationale of the common law system. Members pay very high punitive damages and moral damages to the injured party.

4. Criminal responsibility: If the nature of the violation is serious and it is involved in a criminal offense, the aggrieved party or the World Credit Organization (WCO) will file a complaint with the judicial authority.

5. Responsibility for industry self-discipline: The World Credit Organization (WCO) will impose industry self-discipline penalties on ICE8000 credit institutions that violate regulations. sexual punishment.

Industry self-discipline punishment follows the principle of openness, and the process and results of industry self-discipline punishment are made public and recorded in the ICE8000 blacklist database.

When the member is a unit or region, the industry self-regulatory punishment implements a three-penalty system, that is, the member's legal representative (or actual controller), the person in charge, and the member themselves are punished at the same time, unless they prove that they have no fault .

8.8.3 Guidance on the method of investigating the responsibility of members for violating regulations

The method of investigating the responsibility for violations is as follows:

1. The victim and other whistleblowers can report to the credit management department of the World Credit Organization (WCO), and the credit management department will file a complaint with the International Moral Court after investigation. If the credit management department or the punished person is dissatisfied with the result of the first trial of the International Moral Court, they may apply for the second, subsequent or third trial. This method is recommended.

2. If the victim and other whistleblowers believe that the investigation by the Credit Management Department of the World Credit Organization (WCO) is not effective, they can request the board of directors to pass a resolution of the board of directors to establish an independent investigation committee to conduct an investigation. accuse. If the independent investigation committee or the punished person is dissatisfied with the result of the first trial of the International Moral Court, they may apply for the second, subsequent or third trial.

3. Victims and other whistleblowers can collect evidence by themselves and file complaints directly with the International Court of Ethics. If the victim or the punished person is dissatisfied with the result of the first-instance trial of the International Moral Court, he may apply for the second, subsequent or third-instance trial.

4. Victims and other whistleblowers can also directly pursue the criminal responsibility of violating members to judicial authorities.

8.8.4 Reasons why the World Credit Organization (WCO) does not favor members

Why does the World Credit Organization (WCO) focus on punishing members? Why is it more conducive for the victim to protect his legitimate rights and interests to file a complaint with the World Credit Organization (WCO) than to a judicial authority? Why is it said that the World Credit Organization (WCO) will not favor members?

1. The World Credit Organization (WCO) is a purely non-governmental organization without any official background and administrative monopoly power. Justice is its life. Without justice, it will naturally lose its basis for existence.

Second, if the World Credit Organization (WCO) does not punish its members, and the victim appeals to the judiciary, the World Credit Organization (WCO) may bear joint and several liabilities, and at the same time bear the risk of breaking trust in the society.

3. The World Credit Organization (WCO) implements a democratic system of separation of powers, and the International Moral Court independently exercises its trial power. solid development and the values of the adjudicators themselves, who are empowered and will actively discipline World Credit Organization (WCO) administrators. Therefore, it is impossible for the administrators of the World Credit Organization (WCO) to become corrupt in the process of industry self-regulation.

Fourth, in order to win the trust of customers and the society, the World Credit Organization (WCO) administrators and judges tend to impose heavier penalties on violators.

8.8.5 Reasons for priority reporting to the World Credit Organization (WCO) after members violate the rules

When cooperating with members of the World Credit Organization (WCO), if you are infringed, it is more appropriate to report to the Credit Management Department of the World Credit Organization (WCO) or to the International Moral Court than to report or sue to other departments, because: < /p>

1. The World Credit Organization (WCO) does not favor its members;

2. The ICE8000 system is open and transparent, it cannot be operated in the dark, and the punishment is more fair;

3. The ICE8000 system is scientific, with high efficiency and low cost.

The above content is excerpted from "Introduction to ICE8000 Credit Knowledge" (written by Fang Bangjian, free to use, but please indicate the source)