Few disagree that asset recovery plays an important role in the fight against crime – but recovering assets in practice means balancing complex priorities and issues around justice, legality and human rights.
This webinar served to launch the 2024 Public Edition of the Basel AML Index – an independent, data-based ranking and risk assessment tool for money laundering and related financial crime risks around the world.
Kateryna Boguslavska, Senior Specialist, AML/CFT and lead of the Basel AML Index, presented the methodology and 2024 report findings.
Iker Lekuona, Director of the Basel Institute’s International Centre for Asset Recovery, then moderated a panel discussion covering the following topics:
The Basel AML Index – the Basel Institute’s ranking and risk assessment tool for money laundering risks around the world – will include indicators of fraud in its 2024 methodology update.
The changes reflect the growing significance of fraud as a predicate offence to money laundering and as a risk that regulated entities need to consider. Though definitions of fraud vary and data is both poor and inconsistent, the social and economic consequences of fraud make it impossible to ignore in any money laundering risk assessment.
This Policy Paper was prepared by the B20 Brazil Integrity and Compliance Task Force. In this document, B20 members call for stronger actions from the G20 in 3 key areas:
- Recommendation 1: Encourage the implementation of integrity and anti-corruption measures to enhance responsible and sustainable governance in business.
- Recommendation 2: Stimulate Collective Action, engaging the Public Sector and value chains to uphold integrity.
- Recommendation 3: Promote ethical leadership to foster inclusive growth.
We are thrilled that anti-corruption Collective Action has received fresh impetus under the Brazilian presidency of the B20 – the voice of business of the G20 intergovernmental forum. This reflects a shift in mindset among global business leaders, towards recognising the power and necessity of multi-stakeholder collaboration for anti-corruption and integrity.
This 7th annual gathering of leading arbitrators, lawyers, forensics and academics at the University of Basel will advance discussions on how the arbitration community can better address allegations of corruption or money laundering in relation to underlying disputes.
We are delighted that our highly successful programme to strengthen public finance management at the regional and local levels in Peru is entering its third four-year phase.
Funded by the Swiss State Secretariat for Economic Affairs (SECO) since 2013, the Programa GFP Subnacional aims to improve how public finances are managed and spent at the subnational level and to optimise the delivery of public services to Peruvian citizens.
How does the media influence public discourse on corruption and anti-corruption? And how can we ensure information integrity in an age of disinformation, propaganda, fake news and hybrid attacks?
To answer those questions in the context of Bulgaria, Sensika, a global media monitoring and analytics firm, processed more than 44 million articles in Bulgarian online media outlets and more than 20 million Facebook posts and comments on corruption and anti-corruption topics between January 2023 and February 2024.
To effectively combat organised and financial crime, it is often necessary for countries to establish multi-agency asset recovery task forces, which could also be understood as joint investigation teams/units. The teams are made up of personnel from various agencies in the criminal justice system to effectively investigate financial crime and recover laundered assets.
The newsletter covers highlights at the Basel Institute from mid-August to early October 2024. It also features our latest news, blogs and other publications. We take this chance to welcome three new staff members to the team.
Not yet a subscriber? Sign up here.