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This role complements Mr Hutton’s position as Business, Enterprise and Regulatory Reform Secretary, and follows on from Hilary Benn’s work as the first Ministerial champion appointed in June 2006. The Government’s efforts are set out in annual Anti-Corruption Action Plans (see below), which focus on steps to improve international efforts to fight corruption, investigate and prosecute foreign bribery, eliminate money laundering and recover stolen assets, and promote responsible business conduct.
The regulated financial sector, international businesses and professional groups are on the front-line of eliminating foreign bribery and money-laundering, and the Government is committed to help them contribute positively to this agenda. The Extractive Industry Transparency (EITA), launched by the Prime Minister Tony Blair in 2002, offers one successful model for building integrity and common industry standards in key sectors of the economy. The EITA brought together oil, gas and mining companies with governments and civil society to increase the transparency of revenue flows. The Government is supporting further work to build integrity and common industry standards in other key sectors such as construction, medicines and defence.