We are pleased to announce that the Basel Institute on Governance has received funding through the Siemens Integrity Initiative’s Evolve Funding Round. This fresh support will help launch the new global project "Unlocking the Potential of Collective Action".

This new funding marks the next chapter in a partnership that began in 2009 and has played a decisive role in shaping today’s global Collective Action landscape for more than 15 years.

As cryptoassets and other blockchain-based tokens enter the mainstream, alarm bells are ringing about the risks of their misuse. The technology is neutral in itself, but like any mechanism to transfer value, it can and does facilitate a wide range of crimes.

And it’s not just scams, hacks and ransomware attacks. Cryptoassets are now seen in practically all crime types, from drug trafficking and terrorist financing to sanctions evasion, and increasingly as a tool for laundering the proceeds of those crimes.

A breakout session at the 9th Global Conference on Criminal Finances and Cryptoassets gathered regulators, supervisors and experts from more than 20 jurisdictions to discuss practical approaches to regulating and supervising cryptoassets. The central aim was to provide hands-on guidance and tips for jurisdictions at early stages of regulating and supervising cryptoassets.

A breakout session at the 9th Global Conference on Criminal Finances and Cryptoassets focused on blockchain intelligence standards and interoperability – an issue that is becoming ever more critical for all who seek to prevent and combat the illicit use of virtual assets for financial crime.

The mining sector is a backbone of many national economies. Yet recent trends including the surge in gold prices and the global competition for minerals essential to the energy transition are making the sector more vulnerable than ever to corruption. In response, a new working group aims to confront these challenges through collective action.