Integrity risk assessments help shine a light on a significant category of threats to the operations or reputation of a private company or state-owned enterprise (SOE). They enable these risks to be prioritised and mitigated in a controlled and strategic way.
How to promote transparency in controls and inspections of timber products? Why are standardised processes and procedures key to preventing corruption in forest management? How to create awareness among forestry staff as well as local and Indigenous communities, encouraging them to play an active role in corruption prevention?
These are some of the questions discussed in a new series of videos that showcase promising initiatives in Bolivia, Ecuador and Peru.
The 5th International Collective Action Conference represented another significant milestone in the development of responsible and ethical business practices through anti-corruption Collective Action.
The conference, hosted by the Basel Institute with the support of the Siemens Integrity Initiative, took place on 24 and 25 June 2024 in Basel, Switzerland. This short conference report presents main insights, quotes as well as infographics and graphic recordings from the two-day event, which welcomed around 200 people from around the world and across all sectors.
Financial intelligence is the staple food of investigations into corruption, money laundering and other financial crimes.
Much financial intelligence is held by private-sector institutions such as banks and other financial service providers. How does that get into the hands of law enforcement, where it can trigger or inform investigations? And how can we improve the system?
There’s a lot of attention to the laundering of “dirty money” – but very little about how clean money can be turned into bribes, kickbacks or payments to terrorists.
This is the 13th annual Public Edition report 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.
The Basel AML Index provides risk scores for countries and jurisdictions based on data from 17 publicly available sources such as the Financial Action Task Force (FATF), Transparency International and the Global Initiative against Transnational Organized Crime. The risk scores cover five domains considered to contribute to a high money laundering risk:
The 13th Public Edition of the Basel AML Index highlights a gradual improvement in national systems to counter money laundering – at least in terms of technical compliance with global standards, and among countries with long-standing weaknesses. But the effectiveness of anti-money laundering systems in practice remains alarmingly low in the face of evolving threats from fraud and other complex, often transnational financial crimes.
Corruption in the timber trade is a serious threat, economically and environmentally.
At the next public meeting of the Follow-the-Money Working Group, Scott Johnston of Chainanalysis will detangle the little-known links between crypto and environmental crimes. He will also discuss the new challenges and opportunities for financial investigations that crypto presents.
See English version here.
Bolivia, Ecuador y Perú albergan algunos de los bosques más importantes del mundo, y la madera constituye un recurso natural de gran valor. Proteger estos bosques frente a las amenazas que representa la corrupción es fundamental no solo para preservar la biodiversidad y mitigar el cambio climático, sino también para salvaguardar los medios de vida de las comunidades locales.