The Basel Institute on Governance has just released its sixth edition of the Basel Anti-Money Laundering (AML) Index, an annual ranking assessing 146 countries regarding money laundering/terrorism financing risks. To date it remains the only research-based risk rating of countries in this field issued by an independent non-profit institution. It is used by the private sector as an established AML country risk-rating tool for compliance purposes, and in the public sector for research and policy measurement.

Graña y Montero, a Lima based group of engineering and infrastructure service companies operating in five countries in Latin America, announced last week the formation of its new external advisory council in matters of Corporate Governance, Ethics and Compliance. 

The company has appointed three outstanding professionals with expertise in legal strategy, business and international compliance to contribute to the Board's management on corporate governance and strategic business issues, and to support the tasks of the Risk and Compliance Committee.

In 2015 the Maritime Anti-Corruption Network (MACN) contacted the International Centre for Collective Action (ICCA) at the Basel Institute on Governance because MACN needed assistance with finding a local civil society partner in Argentina.

The Metals Technology Industry (MTI) Anti-Corruption Collective Action Initiative has recently expanded its membership. Tenova S.p.A. has joined the three founding members of the Initiative: Danieli & C Meccaniche S.p.A., Primetals Technologies Limited and SMS GmbH - in their anti-corruption Collective Action efforts. Tenova S.p.A. is a leading mechanical engineering company for the steel and non-ferrous metals processing industry headquartered in Castellanza, Italy. 

Last week two celebratory events took place that at first glance appear to have little in common: One was the annual awarding of the Nobel prizes in Stockholm. The other was in Paris, and it marked the 20th anniversary of the OECD Convention on Combating Bribery in International Business Transactions (‘Foreign Bribery Convention’).

The OECD and the Basel Institute on Governance would like to invite all participants of the 2018 OECD Global Anti-Corruption & Integrity Forum and any other interested stakeholders to attend the panel session.

Moderated by OECD Legal Director Nicola Bonucci

At the OECD Headquarters (2 rue André Pascal, Paris 75016) March 29, 2018, at 10am
Conference Centre, Room CC7

The Basel Institute's International Centre for Collective Action completed its second of two workshops convening select Siemens Integrity Initiative Integrity Partners and other Collective Action Initiatives in Basel, Switzerland from 27 to 28 April 2018. The aim was to promote peer learning and to identify success factors and strategies for overcoming common challenges facing anti-corruption Collective Action Initiatives.

The Basel Institute signed a Memorandum of Understanding (MoU) to collaborate with Colombian authorities to adapt and apply a High Level Reporting Mechanism (HLRM) to prevent corruption and promote fair competition in tenders related to the building of the City of Bogotá’s First Metro Line. The signing ceremony held on 6 August 2018 in Bogotá was one of the final acts by Colombia’s outgoing President Juan Manuel Santos on his last day in office and the day that marked the 280th anniversary of the founding of Bogotá.

The results of the seventh annual Basel Anti-Money Laundering Index released today support the growing concern that governments worldwide are still not doing enough to combat money laundering. The Basel AML Index is an independent, research-based ranking that assesses countries' risk exposure to money laundering and terrorist financing.

Gemma Aiolfi, Head of Compliance, Corporate Governance and Collective Action at the Basel Institute on Governance, took part in a dialogue on Anti-Corruption Compliance and Collective Action organised by the Malaysian Institute of Management (MIM).

The invitation-only event took place in the Malaysian capital Kuala Lumpur on Tuesday, 30 October 2018. It is part of the institute's Crucial Conversations@MIM series.