CLEAN : G20 OECD presents new code of practice against corruption

The video discusses the role of public sector and financial markets in global standard setting. It highlights that no country is inherently more virtuous than others, but differences in institutions and systems can lead to better prevention of unethical behavior. The presence of sanctions plays a crucial role in maintaining standards by deterring temptation.

What does the text suggest is necessary for a sanction to be effective?

In what way does the text describe the importance of knowledge in relation to sanctions?