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Corruption is a significant threat to global growth and financial stability. Corruption destroys public trust,
undermines the rule of law, skews competition, impedes cross-border investment and trade, and distorts resource
allocation. As a group of the worlds largest economies, the G20 is continuing to fight corruption and alleviate
its negative impact on economic activity.
There are practical steps that all G20 members can take to reduce the costs of corruption for growth and
development. In 2014, the G20 developed high-level principles on beneficial ownership transparency to improve
the transparency of company ownership and control. This will support a stronger investment climate and will
also protect developing countries from losing further revenue.
At the 16-17 October ACWG meeting, the Group reached agreement on the 2015-16 G20 Anti-Corruption
Action Plan. The plan will guide the G20 Anti-Corruption Agenda following the completion of the current
Action Plan. The ACWG has also agreed to a 2015-16 G20 Anti-Corruption Implementation Plan, which
provides a detailed outline of the Groups work program for 2015-16. Leaders endorsed the 2015-16 Action
Plan at the G20 Leaders' Summit in Brisbane in November 2014.
The ACWG works closely with G20 engagement groups, including representatives of business and civil society,
in implementing the G20 Anti-Corruption Agenda. In 2014, the G20 Engagement Groups have participated in
every meeting of the ACWG. The G20 Anti-Corruption Roundtable in February brought together
representatives of G20 engagement groups and the ACWG to discuss the future G20 Anti-Corruption Agenda.
The Roundtable opening address was delivered by Australias Attorney-General Senator the Hon George
Brandis QC. Another forum, the OECD-G20 High-Level Anti-Corruption Conference for Governments and
Business in June , also involved representatives of G20 engagement groups. In addition, the B20 has recently
established the Collective Action Hub, a collaborative anti-corruption information sharing forum for businesses
and governments.
Resources from the Anti-corruption Working Group are available on the Current Presidency page of the G20
Official Resources library.