The trend among organisations with well-established anti-corruption compliance programmes is to integrate these into enterprise-wide risk management frameworks and set measurable indicators to ensure that their programmes remain fit for purpose. There is growing recognition that effective compliance contributes to a healthy business model and sustainable growth.

“Evolution to Revolution” was the theme of the year for the Basel Institute’s activities promoting Collective Action in 2018. Endorsement of anti-corruption Collective Action in 2018 by the B20 Argentina and UK Anti-Corruption Strategy supports growing acceptance of the concept as a useful tool to tackle bribery. Collective Action is gradually moving towards becoming a global norm.

As the initial phase of a four-year programme to strengthen Public Finance Management in Peru at a subnational level draws to a close, we are intensifying our efforts to consolidate the programme’s significant achievements and ensure their sustainability. Signed in 2015 by the Peruvian and Swiss governments, the four-year, USD 6 million programme is funded by the Swiss State Secretariat for Economic Affairs (SECO).