Both in investment and in commercial arbitration, arbitrators face considerable challenges if a party alleges – or the arbitrators suspect – that corruption has influenced the underlying dispute.
Experts from the Basel Institute's International Centre for Asset Recovery (ICAR) supported the EU Action against Drugs and Organised Crime (EU-ACT) project with the first in a series of workshops on Financial Investigation and Asset Recovery in Dar es Salaam, Tanzania, on 21–22 May.
The Basel Institute's 29th Working Paper, published today, aims to contribute to the international policy dialogue on the link between asset recovery and countries’ pursuit of the Sustainable Development Goals.
This Working Paper aims to contribute to the international policy dialogue on the link between asset recovery and countries’ pursuit of the Sustainable Development Goals.
It contends that supporting countries in recovering stolen assets and promoting sustainable development are mutually reinforcing. It also aims to correct the false reputation of asset recovery as a very technical legalistic field of development cooperation, and to generate broader understanding of the far-reaching role that asset recovery can play to foster development.
Following ICAR’s Advanced Operational Analysis training workshop at the Financial Intelligence Unit of Ecuador (UAFE) from 13–17 May 2019, a panel comprising representatives of the UAFE, the Attorney General’s Office (AGO) and the Anti-money Laundering Unit of the National Police of Ecuador discussed the challenges of coordinating and harmonising efforts to fight money laundering and asset recovery.
Elmer Chirre, Peru's Specialised Prosecutor for Corruption, and Amado Enco, Specialised Anti-Corruption State Attorney, have jointly recovered over PEN 65 million (USD 19.5 million) in the first successful asset recovery case related to Operation Car Wash.
The Basel Institute's Peru team is launching a new free virtual course in open government. Running from 3 June to 30 June 2019, the four online modules cover:
Gemma Aiolfi, Head of Compliance, Corporate Governance and Collective Action at the Basel Institute, gave the opening speech at the 3rd Swiss Global Compact Dialogue today in the Swiss lakeside town of Thun.
The Framework for the Return of Assets from Corruption and Crime in Kenya (FRACCK), agreed and signed by the Governments of Kenya, Jersey, Switzerland and the UK in 2018 with support from the Basel Institute's International Centre for Asset Recovery (ICAR), is already generating strong interest for its "innovative" and "novel" approach to asset return.
These were the words of Brigitte Strobel-Shaw, Officer-in-Charge of the Corruption and Economic Crime Branch of the UNODC, during a May 7-9 International Expert Meeting on the Return of Stolen Assets.
Peru's pioneering Public Finance Management Experts Network has continued to expand, with the Andean city of Cusco being the latest to join.