The Basel AML Index – the Basel Institute’s ranking and risk assessment tool for money laundering risks around the world – will include indicators of fraud in its 2024 methodology update.

The changes reflect the growing significance of fraud as a predicate offence to money laundering and as a risk that regulated entities need to consider. Though definitions of fraud vary and data is both poor and inconsistent, the social and economic consequences of fraud make it impossible to ignore in any money laundering risk assessment.

We are thrilled that anti-corruption Collective Action has received fresh impetus under the Brazilian presidency of the B20 – the voice of business of the G20 intergovernmental forum. This reflects a shift in mindset among global business leaders, towards recognising the power and necessity of multi-stakeholder collaboration for anti-corruption and integrity.

We are delighted that our highly successful programme to strengthen public finance management at the regional and local levels in Peru is entering its third four-year phase.

Funded by the Swiss State Secretariat for Economic Affairs (SECO) since 2013, the Programa GFP Subnacional aims to improve how public finances are managed and spent at the subnational level and to optimise the delivery of public services to Peruvian citizens.

How does the media influence public discourse on corruption and anti-corruption? And how can we ensure information integrity in an age of disinformation, propaganda, fake news and hybrid attacks? 

To answer those questions in the context of Bulgaria, Sensika, a global media monitoring and analytics firm, processed more than 44 million articles in Bulgarian online media outlets and more than 20 million Facebook posts and comments on corruption and anti-corruption topics between January 2023 and February 2024.

The Basel Institute has secured a new grant to partner with leading pharmaceutical company Novartis to improve the effectiveness of compliance programmes in deterring corrupt behaviour.