This article by Iker Lekuona explains the importance of asset recovery for crime prevention and highlights three vital aspects of international cooperation in corruption and asset recovery cases: informal cooperation mechanisms, trust and technical assistance.
Interpol has recently published its first Silver Notice to identify and trace assets owned by a senior member of the mafia at the request of Italian authorities.
The creation of such Silver Notices is a positive step that has the potential to reinforce one of the weakest aspects of the asset recovery process: the detection of illicit financial flows.
This open-access, peer-reviewed journal article examines the results of a pilot behavioural intervention in Tanzania. The project tested a behavioural anti-corruption intervention to reduce bribery in a hospital. It targeted deeply ingrained social norms while also leveraging the social networks and influence of key staff members.
The European Union’s 2024 Directive on Asset Recovery and Confiscation obliges Member States to, among other things, introduce legislative measures to enable the confiscation of “unexplained wealth”.
This policy paper examines Article 16, which contains this obligation, and the powers and restrictions that Member States will need to include in such “unexplained wealth” measures to ensure compliance with the Directive.
The newsletter covers highlights at the Basel Institute from early October 2024 to late November 2024. It also features our latest news, blogs and other publications. We take this chance to welcome three new staff members to the team.
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Dear colleagues, partners and friends,
As the year comes to a close, we want to thank you for being an invaluable part of our journey to promote good governance and fight corruption worldwide.
2024 was marked by the tragic loss of our long-time Managing Director, Gretta Fenner. We are deeply grateful to all who shared tributes and messages of condolence. Your support has been a source of strength, helping us continue and expand our work and impact in honour of Gretta's legacy.
El Basel Institute on Governance, como entidad internacional dedicada a promover la buena gobernanza y a combatir la corrupción, ha seguido de cerca los avances legislativos en materia de recuperación de activos en el Perú y en América Latina.
Twenty-five years after the OECD Anti-Bribery Convention came into force, companies are facing an increasingly complex regulatory landscape, not only on anti-corruption but also sustainability.
In this blog, Vanessa Hans sheds light on recent corporate disclosure regulations and how companies can better meet stakeholders’ reporting expectations.
Congratulations to our partners at the Anti-Corruption Bureau and the Office of the Director of Public Prosecutions in Malawi for achieving the final forfeiture of a house linked to the infamous Cashgate corruption scandal.
A decision by the Supreme Court to reject an appeal against the forfeiture order sends an important message about ending impunity for high-profile corruption.
In an article published in the Fall 2024 issue of the Bulletin of the International Academy of Financial Crime Litigators, Oscar Solórzano describes an asset recovery case between Peru and Luxembourg involving a businessman named James Stone.