Today, I am publishing the first annual update on the UK anti-corruption strategy 2017 to 2022. The Government committed to providing an annual written update to Parliament on progress. The UK anti-corruption strategy provides a framework to guide Government anti-corruption policies and actions and this update highlights the action we have taken since its launch in 2017. It details the significant progress we have made, including actions taken to meet the commitments that were due by the end of 2018.
The UK has a good track record in combatting corruption. We are ranked as jointly the eighth least corrupt country by Transparency International and, last week, we received the highest ever ranking from the Financial Action Task Force for our efforts against money-laundering and counter-terrorism. We recognise, however, that there is more to do. Corruption undermines confidence in our institutions, threatens our security and damages our business interests, making it harder for our companies to compete internationally. This is why we have committed at least £48 million over the next 18 months for the serious and organised crime strategy, which consists of a package of capabilities to tackle economic crime and illicit finance, including the launch of the national economic crime centre. In addition, the £45 million prosperity fund global anti-corruption programme, approved in October 2018, will work with partner Governments to promote inclusive sustainable growth and increase global prosperity through tackling corruption. The Government will continue to combat corruption and to promote integrity and transparency at home and overseas, working with international allies and at international forums to raise standards and to promote collective action.
A copy of the report will be placed in the Library of the House and will be available on the gov.uk website.