Emerging economies have long struggled with the question of how to combine economic development with sustainable use of natural resources. How does corruption factor into this combination?
A guest blog by Elisabeth Danon, Legal Analyst, OECD Anti-Corruption Division.
How can governments in South East Europe partner with the vibrant business sector and civil society to help combat corruption?
OECD experts and practitioners shared some novel ideas on this question at a two-day webinar on Collective Action – Building Alliances Against Corruption in South East Europe on 16 and 17 September.
Illegal wildlife trade (IWT) poses a threat to many countries in Africa, Asia, South and Central America. While the role of informal networks in sustaining wildlife trafficking is ever more on the radar of scholars and practitioners, their modus operandi remains largely understudied. The literature tells us that these informal networks play a role in sustaining this illicit cross-border trade.
Speaking at a B20-G20 dialogue on 13 September, the Basel Institute’s Managing Director Gretta Fenner called on G20 Member States to commit to and support the implementation of a multi-stakeholder approach to promoting integrity in procurement.
This Working Paper details the findings of a survey of Indonesians’ perceptions of corruption, the economy and the environment in July 2021.
The survey was a joint initiative of the Green Corruption team at the Basel Institute on Governance and leading Indonesian pollster Lembaga Survei Indonesia (LSI). It consisted of a national public opinion survey covering 2,580 respondents and in-depth interviews with 30 private-sector representatives working in various natural resource sectors.
This position paper by the Global Coalition to Fight Financial Crime (GCFFC) outlines a set of features that GCFFC members recommend jurisdictions should include in beneficial ownership disclosure regimes.
To explore what is holding back progress in combating money laundering and terrorist financing (ML/TF) around the world, the 2021 Basel AML Index report examined data on money laundering vulnerabilities beyond the financial sector. Banks and other financial institutions bear the brunt of anti-money laundering AML/CFT supervision and attention, but perhaps we're missing weaknesses elsewhere?
Our recently released Basel AML Index 2021 highlights how slow and ineffective implementation of beneficial ownership registries continues to provide safe havens for dirty money.
We argue that this is damaging for individual jurisdictions, but more importantly undermines all global efforts to combat money laundering and terrorist financing (ML/TF). Excerpt from the full report:
Why do so many jurisdictions score so poorly for the effectiveness of their anti-money laundering systems? What's the biggest problem - prevention or enforcement? Answer from our Basel AML Index 2021 report: Ineffective systems are the general rule, but jurisdictions consistently score worse for prevention than for enforcement. Excerpt:
The Basel AML Index 10th Edition explore four aspects hindering the global fight against money laundering and terrorist financing (ML/TF). The first element crunched Financial Action Task Force (FATF) data on how jurisdictions are responding to money laundering threats related to virtual assets. The answer: not well at all. Excerpt from the full report:
The use of virtual assets such as cryptocurrencies is exploding – for legitimate as well as illicit purposes.