This article results from the project on Informal governance and corruption - Transcending the Principal Agent and Collective Action Paradigms, funded by the British Academy-DFID Anti-Corruption Evidence (ACE) programme.
The author's aim in this project was to explore local patterns of informality in Kyrgyzstan in order to understand how relations of power and influence are organised in daily life.
We have just published our 28th Working Paper on a topic that is concerning AML, FinTech and RegTech professionals, finance professionals and law enforcement agencies worldwide - as well as ordinary citizens who wish to take advantage of new payment methods.
The topic? Regulating cryptocurrencies: challenges and considerations.
Cryptocurrency regulations are developing fast. Across the world, authorities are reacting to the emerging threat posed by criminals using new payment methods to conceal and launder the proceeds of their crimes.
However, as the application of anti-money laundering/combating the financing of terrorism (AML/CFT) due diligence requirements becomes stricter and more entities implement preventative measures, criminals are constantly looking elsewhere for potential havens for their illicit activities.
Mirna Adjami of the Basel Institute’s International Centre for Collective Action attended the 18th Annual Currency Conference in Dubai, U.A.E. from 7–10 April 2019, in the context of the Basel Institute’s ongoing collaboration with the Banknote Ethics Initiative (BnEI).
The third meeting of the International Academy of Financial Crime Litigators in Basel this March brought together some of the world’s top academic and litigation professionals in the field of financial crime.
The regional government of La Libertad in Peru has published a Code of Conduct for staff, civil society and the media in the region. The Code was co-created by regional government officials and the Subnational PFM Programme of the Swiss SECO Cooperation, implemented by the Basel Institute in Peru.
The Director General of the Tanzanian Prevention and Combating of Corruption Bureau (PCCB), Diwani Athumani, officiated the first group training on the intelligence process to PCCB intelligence officers.
The Intelligence Directorate is a new venture for the PCCB, following a recent restructure of the Bureau authorised by State House.
This training course, which took place from 2–3 April 2019, was conducted by Phill Jones, Senior Investigation and Asset Recovery Specialist at the International Centre for Asset Recovery.
The Public Ministry of the Peruvian region of La Libertad organised a seminar on “seeking effective mechanisms in the fight against corruption and money laundering” last week. Supported by the Subnational PFM Programme of the Swiss SECO Cooperation and the Basel Institute’s International Centre for Asset Recovery, the event was attended by more than 300 participants.
Prosecutors specialised in corruption and money laundering crimes in the city of Trujillo in northwestern Peru have benefited from training in “Asset recovery via the legal mechanism of Extinción de Dominio”. This is one of several capacity building initiatives launched by our team in Peru this year as part of the Subnational PFM Programme of the Swiss SECO Cooperation.
There's no time like the present for anti-corruption Collective Action in Malawi, as the country gears up to review and update its National Anti-Corruption Strategy.
Malawi, also known as the warm heart of Africa, is famous for its open and welcoming people and of course for one of the most spectacular lakes in the world, but it is also a county that has been shaken-up by massive corruption scandals in the past decade that have left their mark.