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.
The minerals sector is confronting major challenges that demand not only urgent, but coordinated action. For this reason, the Countering Environmental Corruption Practitioners Forum is launching a new Minerals Corruption Working Group.
Corruption remains a defining feature of mineral extraction worldwide, undermining regulations, enabling environmental destruction and diverting revenues away from national economies.
This Case Study highlights how investigators of Indonesia’s Ministry of Environment and Forestry achieved their first conviction for money laundering linked to forestry offences, leveraging institutional and legal changes in financial investigation procedures.
Key points:
The newsletter covers highlights at the Basel Institute on Governance during October 2025. It also features our latest news, blogs, other publications and current job vacancies.
Not yet a subscriber? Sign up here.
The Financial Action Task Force (FATF) has published new Asset Recovery Guidance and Best Practices, offering a comprehensive roadmap to help countries get better at recovering illicit assets.
Through our International Centre for Asset Recovery (ICAR), the Basel Institute is proud to have contributed to this initiative, which will be instrumental in strengthening asset recovery across jurisdictions globally.
This Case Study describes how Kenya obtained crucial overseas intelligence in a corruption case through the International Anti-Corruption Coordination Centre, leading to the recovery of USD 1.8 million in assets for the Kenyan people.
Key points:
Illicit financial flows in commodity trading – and beyond – undermine entire economies and deprive developing countries of vital funds for sustainable development.
At the same time, reconstruction projects must fully address the risks posed by illicit flows and corruption.
This in-person event will examine these challenges and discuss the responsibilities and practical options for stakeholders including development agencies, banks, financial service providers and public authorities.
Ukraine is already central to Europe’s security. Its defence manufacturers are increasingly eligible for participation in the rapidly growing EU defence procurements. However, unless Ukraine’s defence manufacturers are able to meet strict EU anti-corruption and ESG standards, they risk being shut out of EU supply chains. Europe needs Ukraine’s battlefield-tested innovation and production capacity, yet compliance gaps and unclear expectations are slowing integration.
<