Gemma Aiolfi is an international expert in anti-corruption compliance and a driving force behind the development of private sector-led Collective Action. Gemma helped to establish the Basel Institute on Governance in 2003 alongside Professor Mark Pieth. She served as the organisation's Head of Compliance, Corporate Governance and Collective Action from July 2013 until October 2022, when she transitioned to the role of Senior Advisor.

We are delighted to have signed a Memorandum of Cooperation with the Ministry of Communities, Territories and Infrastructure Development of Ukraine, the Ministry responsible for Ukraine's restoration. Under the agreement, we will work to minimise corruption risks in the use of state and donor funds allocated for the reconstruction of critical infrastructure.

This will include strengthening anti-corruption compliance in the road sector and assessing integrity risks when determining the cost of road works and services.

Business entities wishing to implement projects funded by Multilateral Development Banks (MDBs, also referred to as International Financial Institutions) will be interested to know that six major MDBs have agreed and published new General Principles for Business Integrity Programmes. Such programmes play an important part in the MDBs’ efforts to fight fraud and corruption in the projects they finance or otherwise support.

The Basel Institute's Green Corruption programme has recently launched a five-year partnership with the USAID Indonesia Integrity Initiative (USAID INTEGRITAS) project in Indonesia.

The Wolfsberg Group – an association of 13 global banks that develops frameworks and guidance to manage financial crime risks – became an independent legal entity in October 2021. Its new home is at the Basel Institute on Governance headquarters in Switzerland.

The Natural Resource Governance Institute (NRGI) has launched tailored guidance on measures that companies in the oil, gas and mining sectors can adopt to reduce corruption risks when partnering with state-owned enterprises (SOEs).

Our joint chapter in a new book on Perspectives on Antitrust Compliance answers a common question that arises when compliance officers and company lawyers first hear about anti-corruption Collective Action: are there antitrust risks in engaging with other industry players through Collective Action?

The short answer is no. The longer answer is, as we explain in the chapter, “quite the opposite”.