The Wolfsberg Group – an association of 13 global banks that develops frameworks and guidance to manage financial crime risks – became an independent legal entity in October 2021. Its new home is at the Basel Institute on Governance headquarters in Switzerland.
The United Kingdom’s Economic Crime (Transparency and Enforcement) Act received Royal Assent on 15 March 2022.
Enrichissement illicite fournit un guide complet des lois sur l'enrichissement illicite et de leur application pour poursuivre les actifs inexpliqués et récupérer les produits de la corruption et d'autres crimes. Le livre, qui est disponible gratuitement, couvre les lois pénales et civiles du monde entier.
The Natural Resource Governance Institute (NRGI) has launched tailored guidance on measures that companies in the oil, gas and mining sectors can adopt to reduce corruption risks when partnering with state-owned enterprises (SOEs).
Our joint chapter in a new book on Perspectives on Antitrust Compliance answers a common question that arises when compliance officers and company lawyers first hear about anti-corruption Collective Action: are there antitrust risks in engaging with other industry players through Collective Action?
The short answer is no. The longer answer is, as we explain in the chapter, “quite the opposite”.
This chapter (26) of Perspectives on Antitrust Compliance covers the scope and purpose of anti-corruption Collective Action and explains why Collective Action and peer collaboration are important in tackling corruption. It then gives practical advice on how to overcome concerns and avoid antitrust risks, including many examples from initiatives around the world.
This news alert focuses on the ongoing crisis in Ukraine. Managing Director Gretta Fenner writes:
Dear friends and colleagues,
It is particularly difficult to write a newsletter note at times like these, when everything other than the horrific military aggression on Ukraine seems irrelevant. At the Basel Institute, we are heartbroken for our partners and friends in Ukraine, and for all the people of Ukraine.
We are delighted to have signed a case consultancy agreement with the Fiji Independent Commission Against Corruption (FICAC).
The agreement enables our International Centre for Asset Recovery (ICAR) and FICAC to cooperate to strengthen the agency’s capacity to identify and recover assets obtained through corruption.
FICAC is Fiji's mandated law enforcement agency to investigate and prosecute corruption, as well as educate society on understanding and reporting corruption. The agency is celebrating its 15th year.
An eight-month training programme for senior leaders of Tanzania and Zanzibar's anti-corruption and economic crimes authorities concluded last week, in the presence of Minister Haroun Ali Suleiman (Zanzibar’s Minister for Constitutional and Legal Affairs) and Didier Chassot (Switzerland’s Ambassador to Tanzania).
Our International Centre for Asset Recovery (ICAR) training team was in the Kenyan capital Nairobi last week, delivering a Financial Investigations and Asset Recovery training course to a multi-agency group of officers responsible for anti-corruption and asset recovery.