[{"data":1,"prerenderedAt":287},["ShallowReactive",2],{"news-basel-aml-index-expert-edition-adds-eu-list-of-high-risk-third-countries-1761":3,"news-basel-aml-index-expert-edition-adds-eu-list-of-high-risk-third-countries-1761-similar":44,"i-heroicons:arrow-left-20-solid":282},[4],{"id":5,"status":6,"date_created":7,"date_updated":8,"title":9,"type":10,"body":11,"date":12,"topic":13,"slug":17,"activity":18,"nid":20,"topics":21,"activities":23,"programme":24,"area":24,"websites":25,"language":24,"image":27,"translation_of":24,"countries":38,"tags":39,"authors":40,"images":41,"translations":42,"content":43},9730,"published","2022-05-26T22:54:53.000Z","2026-05-29T22:21:52.000Z","Basel AML Index Expert Edition adds EU list of high-risk third countries","News","From mid-June, the [Basel AML Index Expert Edition](https:\u002F\u002Fwww.baselgovernance.org\u002Fbasel-aml-index\u002Fexpert-edition) will highlight countries included on the European’s list of “high-risk third countries” with strategic deficiencies in their anti-money laundering and counter terrorist financing (AML\u002FCFT) regimes. This change follows the European Commission’s adoption of the [new Delegated Regulation 2016\u002F1675 on high-risk third countries](https:\u002F\u002Fec.europa.eu\u002Finfo\u002Fbusiness-economy-euro\u002Fbanking-and-finance\u002Ffinancial-supervision-and-risk-management\u002Fanti-money-laundering-and-counter-terrorist-financing\u002Feu-policy-high-risk-third-countries_en) on 7 May 2020.\n\nThe additional information will help Expert Edition subscribers subject to the EU’s Directive (EU) 2015\u002F849, which requires banks and other “gatekeepers” to the European financial system to apply enhanced vigilance in business relationships and transactions involving these high-risk third countries. “Third countries” refers to jurisdictions outside of the EU whose weaknesses in AML\u002FCFT might threaten the integrity of the EU’s financial system.\n\nAppearing on the EU list does not affect a country’s risk score or ranking in the Basel AML Index Public or Expert Edition.\n\n### Sanctions and lists relevant to evaluating country-level AML risks\n\nInformation about a country’s inclusion on the EU list of high-risk third jurisdictions will appear alongside a list of AML\u002FCFT-related sanctions and other lists of jurisdictions with strategic AML\u002FCFT deficiencies highlighted in the Expert Edition of the Basel AML Index. However, the EU stresses that the [list of high-risk third countries is not a sanctions regime](https:\u002F\u002Fec.europa.eu\u002Fcommission\u002Fpresscorner\u002Fdetail\u002Fen\u002FMEMO_19_782). Rather, it _“requires banks and obliged entities to apply enhanced vigilance measures on transactions involving these countries.”_\n\nFrom the point of view of compliance, due diligence and risk management, a country’s inclusion on the EU’s list of high-risk third countries is another factor to consider when evaluating the AML\u002FCFT risks posed by that country.\n\nThe Expert Edition already highlights the following sanctions and lists relevant to evaluating country-level AML\u002FCFT risks:\n\n*   Financial Action Task Force (FATF) “black list” of [High-Risk Jurisdictions subject to a Call for Action](https:\u002F\u002Fwww.fatf-gafi.org\u002Fpublications\u002Fhigh-risk-and-other-monitored-jurisdictions\u002Fdocuments\u002Fcall-for-action-february-2020.html)\n*   [FATF “grey list” of Jurisdictions under Increased Monitoring](https:\u002F\u002Fwww.fatf-gafi.org\u002Fpublications\u002Fhigh-risk-and-other-monitored-jurisdictions\u002Fdocuments\u002Fincreased-monitoring-february-2020.html)\n*   [US Office of Foreign Assets Control (OFAC) sanctions](https:\u002F\u002Fwww.treasury.gov\u002Fresource-center\u002Fsanctions\u002Fprograms\u002Fpages\u002Fprograms.aspx)\n*   [United National Security Council (UNSC) Consolidated List](https:\u002F\u002Fwww.un.org\u002Fsecuritycouncil\u002Fcontent\u002Fun-sc-consolidated-list)\n*   [EU list of non-cooperative jurisdictions for tax purposes](https:\u002F\u002Fwww.consilium.europa.eu\u002Fen\u002Fpolicies\u002Feu-list-of-non-cooperative-jurisdictions\u002F)\n\n### About the Basel AML Index\n\nThe Basel AML Index is an independent, research-based ranking that assesses countries’ risk exposure to money laundering and terrorist financing. It is a project of our International Centre for Asset Recovery that is designed to serve the needs of both the public and private sectors. There are three editions:\n\n*   Published annually, the Public Edition of the Basel AML Index provides a snapshot of global money laundering risks and countries’ progress in addressing them over time. The 9th edition is due out in early July.\n*   The Expert Edition allows financial institutions, compliance officers, researchers and policymakers to dig deeper into specific countries’ AML risks. The interactive map and ranking are updated quarterly as new data appear. You can filter the data, view current sanctions and download the ranking into Excel. The Expert Edition is free for public\u002Fsupervisory institutions, international organisations, non-profit organisations and academic institutions, and very reasonably priced for companies and financial institutions.\n*   Expert Edition Plus subscribers receive a detailed comparative analysis of FATF Mutual Evaluation Reports.\n\n[Find out more and try out a free demo account](https:\u002F\u002Fwww.baselgovernance.org\u002Fbasel-aml-index\u002Fexpert-edition).","2020-06-02",[14,15,16],"Anti-Money Laundering","Asset Recovery","Private Sector","basel-aml-index-expert-edition-adds-eu-list-of-high-risk-third-countries-1761",[19],"Basel AML Index",1761,[14,22,16],"Asset Recovery and Enforcement",[19],null,[26,19],"Main page",{"id":28,"storage":29,"filename_disk":30,"filename_download":31,"title":9,"type":32,"created_on":33,"modified_on":33,"charset":24,"filesize":34,"width":35,"height":36,"duration":24,"embed":24,"description":24,"location":24,"tags":24,"metadata":37,"focal_point_x":24,"focal_point_y":24,"tus_id":24,"tus_data":24,"uploaded_on":33},"c4e16b28-643c-4de0-b170-3abaa0f0645a","local","c4e16b28-643c-4de0-b170-3abaa0f0645a.webp","tmp.webp","image\u002Fwebp","2025-05-12T21:20:24.000Z",43350,1400,904,{},[],[],[],[],[],[],[45,69,90,124,148,170,190,213,240,261],{"id":46,"body":47,"status":6,"type":10,"date":48,"slug":49,"title":50,"image":51,"countries":52,"topic":53,"activity":55,"tags":57,"nid":58,"topics":59,"activities":60,"authors":61,"images":62,"websites":24,"area":24,"programme":24,"language":63,"translations":64,"translation_of":24,"user_created":65,"date_created":66,"user_updated":24,"date_updated":24,"content":67,"link":68},10616,"From grassroots transparency tools to global business integrity networks, this year’s finalists for the [International Collective Action Awards](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fawards) show the breadth, creativity and growing impact of Collective Action around the world.\n\nPublic voting is now open and everyone is invited to help choose the winners.\n\nThe Awards recognise organisations advancing business integrity through Collective Action – bringing together businesses, governments, civil society and other stakeholders to tackle corruption and strengthen fairer, more transparent markets. The winners will be announced during the [6th International Collective Action Conference](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fevents\u002Ficac-2026) in Basel, Switzerland, on 9–10 June 2026.\n\nPresented by the Basel Institute on Governance since 2022, the Awards celebrate initiatives that demonstrate how Collective Action can deliver practical solutions to shared integrity challenges across sectors and regions.\n\n### A diverse field of finalists\n\nThis year’s finalists reflect the growing diversity of Collective Action initiatives worldwide. They range from long-running international integrity networks supporting small businesses, to innovative digital tools improving transparency in public infrastructure, to emerging platforms creating new opportunities for business engagement in global anti-corruption policymaking.\n\nThe shortlisted initiatives also highlight the geographical reach of Collective Action efforts today, with finalists working across Africa, Latin America, Europe and global multilateral platforms.\n\nAn international jury selected the finalists from a strong field of nominations representing a wide variety of sectors, approaches and partnerships.\n\n### Gretta Fenner Outstanding Achievement in Collective Action\n\nThis category is named in honour of the Basel Institute’s late Managing Director, [Gretta Fenner](https:\u002F\u002Fgretta.baselgovernance.org\u002F). It recognises organisations that have made a sustained and significant contribution to advancing Collective Action and promoting business integrity over time.\n\nThe 2026 finalists are:\n\n*   Alliance for Integrity – a global multi-stakeholder initiative that has built integrity networks across 16 countries and supported hundreds of trainers and companies in strengthening compliance and anti-corruption practices, particularly among SMEs.\n*   Anti-Corruption Collective Action Impact Centre – hosted by the International Anti-Corruption Academy (IACA), the Centre supports locally led anti-corruption initiatives worldwide through mentorship, training and practical implementation support.\n*   Integridad Corporativa 500 (IC500) – a Mexican transparency benchmark initiative that evaluates the anti-corruption policies and governance practices of the country’s 500 largest companies, helping drive measurable improvements in corporate transparency.\n\n### Collective Action Inspirational Newcomer\n\nThe Inspirational Newcomer category recognises initiatives active for fewer than two years that have already shown strong promise and early impact.\n\nThis year’s finalists are:\n\n*   COSP Private Sector Platform – launched by the United Nations Global Compact and UNODC to create new opportunities for private sector participation in global anti-corruption policymaking linked to the UN Convention against Corruption.\n*   CoST Malawi Infrastructure Transparency Initiative: Red Flags Algorithm – an innovative digital tool that uses data analysis to identify potential corruption and procurement risks in public infrastructure projects in Malawi.\n*   TRIPODE: Collective Action for Business Integrity and SME Inclusion in Mexico – a joint initiative helping companies, especially SMEs, navigate integrity expectations through practical guidance, peer learning and public-private dialogue.\n\nAlthough very different in focus, the finalists all demonstrate the value of collaborative approaches in addressing complex integrity challenges – whether through technology, policy engagement or hands-on support for businesses.\n\n### An international jury with deep expertise\n\nThe finalists were pre-selected by an international jury bringing together expertise from governance, anti-corruption, journalism, international law and public policy.\n\nThe jury included Nathalie Delapalme, CEO of the Mo Ibrahim Foundation, Nicola Bonucci, former OECD Director of Legal Affairs and Basel Institute Board member, Rhoda Weeks-Brown, former General Counsel of the IMF, and award-winning investigative journalist Sheila S. Coronel of Columbia Journalism School.\n\nTheir collective experience spans anti-corruption policy, rule of law, investigative journalism, international governance and responsible business conduct, reflecting the multidisciplinary nature of Collective Action itself.\n\n### Cast your vote\n\nPublic voting is open until 2 June 2026.\n\nVisit the [Awards page on the B20 Collective Action Hub](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fawards) to learn more about the finalists and cast your vote in each category.\n\nThe Collective Action Awards are supported by the Siemens Integrity Initiative.","2026-05-20","cast-your-vote-in-the-2026-collective-action-awards-2969","Cast your vote in the 2026 Collective Action Awards","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Fa69747f0-c2e6-48f5-8e19-4e059e545b2f?width=1000&height=650&format=webp&quality=80",[],[54,16],"Collective Action",[56],"",[],2969,[54,16],[],[],[],"English",[],"03bebfd8-0b40-4a2a-820d-b9d9c13b9de6","2026-06-04T21:13:46.000Z",[],"\u002Fresources\u002Fnews\u002Fcast-your-vote-in-the-2026-collective-action-awards-2969",{"id":70,"body":71,"status":6,"type":72,"date":73,"slug":74,"title":75,"image":76,"countries":77,"topic":78,"activity":79,"tags":81,"nid":82,"topics":83,"activities":84,"authors":85,"images":86,"websites":24,"area":24,"programme":24,"language":63,"translations":87,"translation_of":24,"user_created":65,"date_created":66,"user_updated":24,"date_updated":24,"content":88,"link":89},10617,"As the use of virtual assets accelerates worldwide, so too does their appeal to criminal actors looking to move money faster, hide transactions more effectively and stay one step ahead of enforcement authorities.\n\nAnd it’s natural that when people discuss crypto-related crime, the focus is often on governments, regulators, law enforcement agencies and the private sector – crypto exchanges, financial institutions and blockchain intelligence firms.\n\nWhat about international organisations, non-profits, expert networks and professional associations – what role do they play behind the scenes? And how much impact can they really have when it comes to tackling illicit activity involving virtual assets?\n\nThese questions were at the centre of a [webinar](https:\u002F\u002Fbaselgovernance.org\u002FIOs_virtualassets) co-hosted by the Basel Institute on Governance and the Organization for Security and Co-operation in Europe (OSCE). The discussion brought together experts from the OSCE, the Basel Institute, the Financial Intelligence Unit of Moldova, the United Nations Office on Drugs and Crime (UNODC), and the Global Coalition to Fight Financial Crime.\n\nAcross the discussion, speakers kept circling around the same point: the crypto-crime field does not need more vague talk about cooperation or more one-off awareness workshops. It needs practical, sustained and operational forms of support that help investigators, prosecutors and financial intelligence units respond to increasingly sophisticated criminal activity.\n\n### Beyond awareness raising\n\nA recurring theme throughout the discussion was the gap between recognising the problem and building the capability to address it.\n\nSpeakers noted that crypto-related crime evolves faster than most institutions can adapt. Bots on the Telegram messaging app are now providing money-laundering-as-a-service, as one speaker noted by way of example. Criminal actors – and bots – exploit regulatory gaps, fragmented information-sharing systems and uneven levels of expertise across jurisdictions.\n\nAt the same time, many authorities are still in the early stages of developing operational capacity.\n\nThis is where international organisations and networks can play an important role. Not simply by producing guidance documents or organising workshops and conferences – which are necessary but not sufficient – but by helping countries build practical and lasting capabilities.\n\nThe OSCE shared examples from its regional [project on mitigating the money laundering risks of virtual assets](https:\u002F\u002Fbaselgovernance.org\u002FIOs_virtualassets), which supports participating states across Eastern Europe, the South Caucasus, Central Asia and Mongolia.\n\nOne example was Moldova’s sectoral national risk assessment on virtual assets. Beyond identifying vulnerabilities, the process helped prompt institutional action and legislative development.\n\nThe OSCE also pointed to measurable operational outcomes linked to its capacity-building support. Institutions supported through the programme, for example, traced more than USD 100 million in illicit crypto assets in 2025 alone.\n\n### Why PowerPoint presentations are not enough\n\nSeveral speakers emphasised that complex investigations involving virtual assets and asset recovery require highly specialised expertise that cannot be built through isolated workshops.\n\nInvestigators need opportunities to apply knowledge in real cases. Financial intelligence units need ongoing mentoring and technical support. Prosecutors need to understand not only the technology itself but also how to present complex digital evidence in court.\n\nThe Basel Institute highlighted the importance of long-term engagement with practitioners. The approach of its [International Centre for Asset Recovery (ICAR)](https:\u002F\u002Fbaselgovernance.org\u002Fasset-recovery) includes combining case-centered training with hands-on mentoring, operational support on live cases and efforts to foster collaboration between different government agencies and with the private sector.\n\nTogether with highly effective train-the-trainer programmes, the focus is on helping agencies develop capabilities that can evolve alongside changing technologies and criminal methods, rather than delivering isolated workshops.\n\n### Networks that make cooperation operational\n\nThe webinar also challenged the tendency to talk about “international cooperation” in abstract terms. In practice, it’s difficult to develop trusting relationships between individuals and institutions operating in very different legal and cultural contexts, especially where there are language barriers.\n\nIn this environment, organisations such as the OSCE, Basel Institute, UNODC and the Global Coalition to Fight Financial Crime can act as connectors between sectors, jurisdictions and professional communities. They can:\n\n*   help investigators and practitioners exchange expertise and emerging typologies;\n*   create trusted channels for faster information sharing;\n*   connect authorities facing similar challenges across jurisdictions;\n*   support the development of common standards and approaches; and\n*   bridge gaps between public authorities, financial institutions and technical experts\n\nOne example is the Global Coalition’s proposal to develop a framework for sharing illict crypto wallet attribution data between public authorities – a major need, especially for jurisdictions without the resources to purchase multiple blockchain intelligence tools.\n\n### Research and analysis as a basis for action\n\nAnother important thread running through the webinar was the role of research and evidence-based analysis.\n\nAs technologies and criminal typologies evolve rapidly, policymakers and practitioners need reliable analysis rather than hype or speculation. Speakers discussed how international organisations support countries by analysing emerging threats, identifying trends and helping governments design informed legal and operational responses.\n\nSpeakers highlighted several concrete projects, such as UNODC research into [scam compounds](https:\u002F\u002Ftrack.unodc.org\u002Ftrack\u002Fen\u002Ftrack\u002Fresourcehub\u002F2025\u002Finflection_point_global_implications_of_scam_centres_underground_banking_and_illicit_online_marketplaces_in_southeast_asia.html) and cyber-enabled fraud in Southeast Asia and into the links between [cybercrime and corruption](https:\u002F\u002Ftrack.unodc.org\u002Ftrack\u002Fen\u002Ftrack\u002Fresourcehub\u002F2025\u002Fthe_nexus_between_cybercrime_and_corruption.html), and the Global Coalition’s research on links between gaming and crypto-related financial crime.\n\n### A rapidly evolving challenge\n\nThe webinar closed with a discussion on what aspects of collaboration participants would most like to strengthen in the virtual assets space.\n\nWhile perspectives differed, there was broad agreement that current models of cooperation and capacity building are still not moving fast enough to match the pace of technological change and criminal innovation.\n\nIt’s been said many times, but it warrants saying again: As virtual assets continue to evolve at breakneck speed, so too must the international response.\n\nThe discussion demonstrated that international organisations, non-profits and professional networks can have significant impact – particularly when they focus less on rhetoric and more on operational support, sustained partnerships and measurable outcomes.\n\n### Speakers\n\nWith thanks to our moderator, Vera Strobachova-Budway, Head of the Economic Governance Unit, OSCE, and to our excellent speakers:\n\n*   Erlin Agich, Associate Anti-Corruption Officer, OSCE\n*   Valentin Draganel, Deputy Head, Financial Intelligence Unit Moldova\n*   Alexandru Donciu, Specialist, Financial Investigations – Virtual Assets, Basel Institute on Governance\n*   Fabrizio Fioroni, AML\u002FCFT Advisor, United Nations Office on Drugs and Crime (UNODC)\n*   Michal Gromek, Chair, Digital Assets Task Force, Global Coalition to Fight Financial Crime\n\n### Learn more\n\n*   View the recordings: browse the [full playlist](https:\u002F\u002Fyoutube.com\u002Fplaylist?list=PLYRnhpCcnLP8mqlkcvhkC5kNXuX1M7ax4&si=HeEsEW6u_V9OnsCb) or go straight to individual interventions: [Vera Strobachova-Budway](https:\u002F\u002Fyoutu.be\u002FPyjFVx3Da1I), [Erlin Agich](https:\u002F\u002Fyoutu.be\u002FyxyKjh2qbc0), [Valentin Draganel](https:\u002F\u002Fyoutu.be\u002Ffn-P6Q1Q04Y), [Alexandru Donciu](https:\u002F\u002Fyoutu.be\u002Fi6AoR2bBGGk), [Fabrizio Fioroni](https:\u002F\u002Fyoutu.be\u002FJCET83V2nFk) and [Michal Gromek](https:\u002F\u002Fyoutu.be\u002Fb18ACqpIM64), plus the final [lightning round](https:\u002F\u002Fyoutu.be\u002Fu61VF8rxR5k).\n*   Sign up to the second joint Basel Institute-OSCE webinar on the role of [investigative journalists in tackling crime linked to virtual assets](https:\u002F\u002Fbaselgovernance.org\u002Fjournalism_virtualassets), on 2 June 2026.\n*   Read the OSCE’s [Decoding Crypto Crime – A Guide for Law Enforcement](https:\u002F\u002Foceea.osce.org\u002Foceea\u002F587475) in multiple languages.\n*   Learn more about the [OSCE Virtual Assets project](https:\u002F\u002Fprojects.osce.org\u002Fvirtualassets).\n*   Learn about the Global Coalition’s [Digital Asset Task Force](https:\u002F\u002Fwww.gcffc.org\u002Fsectors\u002Fdigital-asset-task-force-(datf)) and how you can get involved.\n\nThe Basel Institute’s training opportunities are now open to individuals – learn more about short online courses on [crypto and blockchain compliance](https:\u002F\u002Fbaselgovernance.org\u002Fcrypto-aml-training) and [financial investigations and asset recovery](https:\u002F\u002Fbaselgovernance.org\u002Fassetrecovery-openenrolment); plus [postgraduate courses on anti-corruption and asset recovery](https:\u002F\u002Fbaselgovernance.org\u002Fstudy).","Blog","2026-05-19","virtual-assets-real-world-crime-and-the-search-for-effective-responses-2967","Virtual assets, real-world crime and the search for effective responses","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Fb16bddc0-613b-402f-baca-77cc9a835cd9?width=1000&height=650&format=webp&quality=80",[],[14,15],[80],"Events",[],2967,[14,15],[80],[],[],[],[],"\u002Fresources\u002Fnews\u002Fvirtual-assets-real-world-crime-and-the-search-for-effective-responses-2967",{"id":91,"body":92,"status":6,"type":72,"date":93,"slug":94,"title":95,"image":96,"countries":97,"topic":98,"activity":99,"tags":101,"nid":113,"topics":114,"activities":115,"authors":116,"images":117,"websites":24,"area":24,"programme":24,"language":63,"translations":118,"translation_of":24,"user_created":65,"date_created":119,"user_updated":120,"date_updated":121,"content":122,"link":123},10621,"In this article, Celia Lourens examines the role of cross-sectoral trust for a functional business environment. Collective Action, she argues, can be an approach to overcoming trust deficits between relevant stakeholders. Celia Lourens supports the organisation of our 6th International Collective Action Conference.\n\nAt its core, anti-corruption Collective Action is about tackling corruption challenges together, rather than alone. Collective Action is primarily driven by businesses, often in collaboration with government representatives and civil society, to address a shared challenge and attain a common objective.\n\nBuilding trust is one critical element of Collective Action efforts, as it requires a genuine and sustained willingness from all involved stakeholders to collaborate.\n\n### Trust across sectors: the foundation of effective markets\n\nMarkets depend on trust – not only between businesses and their customers or employees and their organisational leadership, but between the institutions that shape the business environment:\n\n*   Business relies on regulatory bodies to create fair and predictable markets.\n*   Governments depend on businesses to act with integrity, beyond merely meeting compliance requirements.\n*   Civil society holds both public and private sectors accountable whilst advancing transparency and public confidence.\n\nWhere these relationships are founded in trust, business ecosystems function more effectively and markets remain stable.\n\nYet, cross-sector trust is increasingly under strain. Geopolitical volatility, tightening regulations and elevated complexity within supply chains are creating distance between the very actors who need to collaborate.\n\n### The cost of low-trust systems\n\nWhen trust between the private sector, government and civil society breaks down, the consequences are immediate: slower transactions, higher compliance costs and due diligence burdens, duplicated oversight and heightened reputational risk. Oversight becomes adversarial, compliance turns reactive and businesses invest more time managing risks than creating value.\n\nIn an era of heightened competitiveness, trust across sectors becomes the most valuable currency. Where it is systemically weak, a vicious cycle takes hold: low trust demands heightened scrutiny and more controls, which in turn erode trust further. Government enforcement of standards becomes inconsistent and civil society turns sceptical rather than being a partner.\n\nBreaking this cycle requires a different approach – one built on shared commitment, sustained engagement and coordinated action. This is where Collective Action comes into play.\n\n### Collective Action as a trust-building mechanism\n\nIn practice, Collective Action enables organisations to jointly raise integrity standards across industries, develop sector-specific norms and tackle systemic risks such as bribery and unethical conduct. Its ultimate objective – and the key incentive to participate in Collective Action initiatives – is to create fairer, more transparent markets where companies can compete on equal terms.\n\nBut beyond its role as an anti-corruption approach, Collective Action also serves as a powerful trust-building mechanism. In a low-trust environment, individual organisations acting ethically on their own can find themselves at a disadvantage. Collective Action changes this dynamic. Shared commitments level the playing field, the involvement of multiple stakeholders builds credibility and joint accountability mechanisms increase transparency.\n\nOver time, this collaborative approach fosters trust where it is hardest to achieve – between actors with different roles, responsibilities and pressures. The result is a shift in systemic behaviour that lowers the cost of doing business and drives a more predictable business environment.\n\n### From compliance to competitive advantage\n\nToo often, doing business with integrity is treated as a compliance obligation rather than a source of competitive advantage. Yet, in high-trust business environments, stronger partnerships and faster decision-making enable organisations to withstand disruptions. Organisations invested in building trust across their business ecosystem are better positioned to navigate complexity and sustain long-term value.\n\nCollective Action supports this shift by helping to shape markets that reward integrity, moving beyond a risk mitigation exercise.\n\n### Building trust in practice\n\nThis is exactly the focus of the [6th International Collective Action Conference](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fevents\u002Ficac-2026), taking place on 9–10 June 2026 in Basel, Switzerland.\n\nBringing together leaders from business, government and civil society, the conference is designed as a space not just for dialogue, but for practical exchange. It showcases how Collective Action initiatives are being implemented across sectors, what makes them effective and how they can be adapted to different contexts.\n\nThe conference reflects a core conviction: trust across sectors does not happen by default but must be actively built. Organisations that commit to building trust together, as a collective, will not only manage risks more effectively, but help shape a new competitive advantage rooted in integrity.\n\n### Learn more\n\n*   [6th International Collective Action Conference 2026](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fevents\u002Ficac-2026)\n*   [B20 Collective Action Hub](https:\u002F\u002Fcollective-action.com)\n*   Working Paper 56: [Anti-corruption Collective Action: A typology for a new era](https:\u002F\u002Fcollective-action.com\u002Fexplore\u002Fpublications\u002F2397)\n*   Book: [Collective Action in practice: a game-changer for business integrity](https:\u002F\u002Fcollective-action.com\u002Fexplore\u002Fpublications\u002F2407)","2026-04-20","building-trust-how-collective-action-strengthens-business-ecosystems-2959","Building trust: how Collective Action strengthens business ecosystems","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Fc470512d-6eaf-404e-86ec-545ebd052655?width=1000&height=650&format=webp&quality=80",[],[54,16],[100],"Insights",[102,105,109],{"tags_id":103},{"id":104,"name":54},909,{"tags_id":106},{"id":107,"name":108},830,"Business integrity",{"tags_id":110},{"id":111,"name":112},982,"Anti-corruption",2959,[54,16],[100],[],[],[],"2026-06-04T21:13:50.000Z","b0662e2a-864d-4888-a1b7-4342b7570b30","2026-06-05T10:40:20.000Z",[],"\u002Fresources\u002Fnews\u002Fbuilding-trust-how-collective-action-strengthens-business-ecosystems-2959",{"id":125,"body":126,"status":6,"type":10,"date":127,"slug":128,"title":129,"image":130,"countries":131,"topic":133,"activity":134,"tags":136,"nid":137,"topics":138,"activities":139,"authors":140,"images":141,"websites":24,"area":24,"programme":24,"language":63,"translations":142,"translation_of":24,"user_created":65,"date_created":143,"user_updated":144,"date_updated":145,"content":146,"link":147},10605,"> These administrative steps are where asset recovery really happens… when dirty assets are transformed into resources that support law enforcement and serve the public good.\n\nWith these words, [Oscar Solórzano](https:\u002F\u002Fbaselgovernance.org\u002Fabout\u002Fpeople\u002Foscar-solorzano), Head of Latin America at the Basel Institute on Governance, captured the often unseen but transformative impact of asset recovery. \n\nHis remark follows a high-level meeting in Peru marking the final phase of a pioneering international agreement.\n\nOn 26 March 2026, the Ministry of Justice and Human Rights of Peru hosted the Meeting of the States Parties to the [Tripartite Agreement between Peru, Switzerland and Luxembourg](https:\u002F\u002Fbaselgovernance.org\u002Fnews\u002Fit-takes-three-tango-switzerland-luxembourg-and-peru-sign-agreement-return-usd-26-million) on the transfer of confiscated assets. \n\nOpened by Minister Luis Enrique Jiménez Borra, the meeting brought together key Peruvian institutions alongside representatives of the Swiss authorities to review progress, assess institutional impact and discuss the next steps towards closure.\n\n### From frozen assets to public benefit\n\nThrough this cooperation, assets derived from corruption cases and previously frozen abroad have been returned to Peru and reinvested in strengthening the justice system. \n\nProjects funded under the agreement have enhanced the capacity to investigate and prosecute corruption and organised crime, improved coordination between institutions and strengthened mechanisms for asset recovery and asset management.\n\nThe National Program for Seized Assets ([PRONABI](https:\u002F\u002Fwww.gob.pe\u002Fpronabi)) has overseen the transparent and accountable administration of these funds, ensuring they directly support institutions at the forefront of combating corruption.\n\nHighlighting the broader significance of the initiative, Minister Jiménez Borra stated:\n\n> International cooperation can turn assets derived from corruption into concrete tools for strengthening justice and public integrity. The Tripartite Agreement shows how recovered assets can be reinvested to benefit citizens and strengthen the rule of law.\n\n### Strong international partnership and Swiss engagement\n\nPeru’s tripartite collaboration with Switzerland and Luxembourg has provided a strong framework for cooperation. It demonstrates how countries can work together to return illicit assets in a transparent and impactful way. \n\nThe Basel Institute on Governance, through its [International Centre for Asset Recovery](https:\u002F\u002Fbaselgovernance.org\u002Fasset-recovery) (ICAR), has played a central role in supporting implementation by providing technical advice and accompanying institutions throughout the process. \n\nPaul Garnier, Ambassador of Switzerland to Peru, noted: \n\n> This meeting provides an important opportunity to review the current status of the project and the progress achieved so far. Switzerland also values the continued technical support provided by the Basel Institute on Governance throughout the implementation of this initiative. \n\nDuring the technical session, Oscar Solórzano and [Límberg Chero](https:\u002F\u002Fbaselgovernance.org\u002Fabout\u002Fpeople\u002Flimberg-chero), a senior member of the Basel Institute’s [Public Finance Management programme in Peru](https:\u002F\u002Fbaselgovernance.org\u002Fpublic-finance-peru), shared reflections on the implementation, impact and sustainability of the projects.\n\nCelso Alfredo Saavedra Sobrados, Executive Coordinator of PRONABI, emphasise that:\n\n> PRONABI has worked to ensure that the restituted funds are administered with transparency, efficiency and accountability, so that they directly contribute to strengthening the institutions responsible for combating corruption.\n\nHe also highlighted the close and timely technical support provided by the Basel Institute on Governance during the implementation of the project.\n\n### Setting a regional example for asset recovery\n\nThe experience demonstrates how sustained international cooperation, combined with targeted technical support, can ensure that recovered assets deliver tangible benefits for citizens and reinforce the rule of law.\n\nIt also offers a compelling example for other jurisdictions, showing that asset return can be both practical and impactful when underpinned by trust, transparency and shared objectives. \n\nThe hope is that this model will inspire further mutually beneficial efforts to return stolen assets and put them to work for the public good.","2026-04-02","where-asset-recovery-really-happens-peru-advances-landmark-restitution-initiative-2949","Where asset recovery really happens: Peru advances landmark restitution initiative","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Facf1f9c4-3c0f-46da-a4c6-cb846ceacb26?width=1000&height=650&format=webp&quality=80",[132],7806,[15],[135],"International cooperation",[],2949,[22],[135],[],[],[],"2026-04-15T22:45:17.000Z","3d9ff205-1640-4f34-b5b6-86977f51bbd6","2026-05-29T22:22:39.000Z",[],"\u002Fresources\u002Fnews\u002Fwhere-asset-recovery-really-happens-peru-advances-landmark-restitution-initiative-2949",{"id":149,"body":150,"status":6,"type":72,"date":151,"slug":152,"title":153,"image":154,"countries":155,"topic":156,"activity":157,"tags":158,"nid":159,"topics":160,"activities":161,"authors":162,"images":164,"websites":24,"area":24,"programme":24,"language":63,"translations":165,"translation_of":24,"user_created":65,"date_created":166,"user_updated":144,"date_updated":167,"content":168,"link":169},10608,"_Criminal assets can cross borders in hours, while international asset recovery often struggles to keep pace. The INTERPOL Silver Notice is designed to close this gap by enabling earlier identification and tracing of criminal assets across jurisdictions. Can this new instrument fundamentally change how law enforcement responds to the rapid flight of illicit wealth?_\n\nCriminal funds can be moved across jurisdictions, layered through shell companies or converted into digital assets in a matter of hours. By contrast, international legal cooperation frequently moves at a far slower pace. The mismatch between the speed of asset flight and the pace of enforcement is one of the central reasons why several international bodies estimate that a very high proportion of [criminal assets](https:\u002F\u002Fwww.interpol.int\u002Fen\u002FNews-and-Events\u002FNews\u002F2025\u002FINTERPOL-publishes-first-Silver-Notice-targeting-criminal-assets#:~:text=Valdecy%20Urquiza%2C%20INTERPOL%20Secretary%20General,of%20criminal%20assets%20remain%20unrecovered.) ultimately remain unrecovered.\n\nINTERPOL’s Silver Notices seek to narrow this gap. They provide law enforcement with an early, structured mechanism to identify and trace assets across borders, strengthening one of the weakest stages of asset recovery: the initial [identification of criminal assets](https:\u002F\u002Fbaselgovernance.org\u002Fblog\u002Finterpols-silver-notice-paving-way-improved-asset-recovery). For practitioners dealing with fraud, corruption, money laundering and organised crime, Silver Notices reflect a shift toward treating asset recovery as an enforcement priority rather than merely a consequence of criminal conviction.\n\n### The state of play\n\nINTERPOL launched the Silver Notice as a pilot initiative in January 2025, involving 52 jurisdictions across all regions. [As of November 2025, 133 Silver Notices and 35 Diffusions had been published](https:\u002F\u002Fwww.interpol.int\u002FNews-and-Events\u002FNews\u002F2025\u002FTogether-Against-Crime-INTERPOL-General-Assembly-approves-blueprint-for-future) at the request of 39 countries, linked to suspected financial harm exceeding EUR 30 billion, according to INTERPOL.\n\nSwitzerland does not currently participate in the pilot and therefore does not issue Silver Notices. However, Swiss authorities may still receive Silver Notices and share information through existing police cooperation channels.\n\nIn November 2025, during the 93rd INTERPOL General Assembly in Marrakech, delegates approved the extension of the Silver Notice pilot, allowing additional jurisdictions to participate. For practitioners, this expansion matters: broader participation directly increases the likelihood that assets can be identified and preserved before they are moved beyond the reach of enforcement authorities.\n\n### What is the Silver Notice?\n\nINTERPOL Notices enable countries to share critical criminal intelligence and request operational assistance across borders. A Silver Notice is a non-coercive intelligence tool designed to support the identification and tracing of assets linked to serious criminal offences. It does not, by itself, authorise the freezing, seizure or confiscation of assets. Any such measures must be taken in accordance with national law and applicable judicial procedures.\n\nIn practice, Silver Notices may be used to:\n\n*   flag bank accounts, real estate, corporate holdings and digital assets;\n*   identify beneficial owners or persons exercising control over assets;\n*   enable secure and structured intelligence sharing between participating jurisdictions.\n\n### From identification to legal action\n\nOne of the most persistent challenges in cross-border asset recovery lies in the slow and often complex operation of Mutual Legal Assistance (MLA) mechanisms used to gather evidence or freeze assets. Evidentiary thresholds and procedural requirements vary widely across jurisdictions, and delays in cooperation can allow assets to be dissipated.\n\nWhen a Silver Notice leads to the identification of assets, the jurisdiction in which they are located informs the requesting country and INTERPOL, outlines domestic legal options, and acts within its legal framework. Early bilateral engagement allows investigators and prosecutors to align MLA requests with domestic standards, shortening the transition from intelligence to evidence and from tracing to freezing, helping preserve asset value and improving the prospects of confiscation and victim restitution or compensation.\n\n### Safeguards and limits\n\nBefore any Notice is circulated, it must pass a strict legal compliance review to ensure that it complies with INTERPOL’s Constitution, including the prohibition on matters of a political, military, racial or religious character. These safeguards are essential to maintaining trust between member countries and protecting the system from misuse, particularly in sensitive or high-profile cases.\n\nThe Silver Notice is also deliberately designed to avoid coercive overreach. Key safeguards include:\n\n*   restriction to serious criminal offences;\n*   a requirement for a clear factual link between the assets and suspected criminal conduct;\n*   use within the framework of national legal systems, including judicial or prosecutorial oversight where required.\n\nAt the same time, Silver Notices are not without limitations. For example, in politically sensitive cases, careful scrutiny is required to ensure that asset-tracing requests are not used to advance improper objectives. This makes the robustness and independence of INTERPOL’s compliance review mechanisms particularly important.\n\nUltimately, Silver Notices are not a solution to all asset recovery challenges. Their effectiveness depends on domestic legal framework and the willingness and ability of authorities to act on shared intelligence. They enhance international cooperation, but they do not replace the need for strong national asset recovery regimes or effective MLA processes.\n\n### Closing the enforcement gap\n\nThe speed at which criminal assets move across borders continues to outpace traditional enforcement tools. Silver Notices respond to this challenge by enabling earlier asset tracing and more timely operational engagement between jurisdictions.\n\nMore broadly, Silver Notices reflect an evolving approach to financial crime enforcement that prioritises proactive, intelligence-led intervention over reactive asset recovery at the end of lengthy criminal proceedings. Silver Notices are an enabler, not a shortcut. Used effectively and responsibly, they can strengthen the strategic focus on asset recovery and materially improve the prospects of asset confiscation and victim restitution.\n\n_This blog is also published on the [Hochschule Luzern Economic Crime Blog here](https:\u002F\u002Fhub.hslu.ch\u002Feconomiccrime\u002F?p=6536)._","2026-03-16","interpol-silver-notices-speeding-up-the-tracing-of-criminal-assets-2944","INTERPOL Silver Notices: Speeding up the tracing of criminal assets","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Fdaf2f81c-8270-46aa-93a2-3a8a469a7420?width=1000&height=650&format=webp&quality=80",[],[14,15],[100],[],2944,[14,22],[100],[163],1371,[],[],"2026-04-15T22:45:19.000Z","2026-05-29T22:22:40.000Z",[],"\u002Fresources\u002Fnews\u002Finterpol-silver-notices-speeding-up-the-tracing-of-criminal-assets-2944",{"id":171,"body":172,"status":6,"type":10,"date":173,"slug":174,"title":175,"image":176,"countries":177,"topic":178,"activity":179,"tags":180,"nid":181,"topics":182,"activities":183,"authors":184,"images":185,"websites":24,"area":24,"programme":24,"language":63,"translations":186,"translation_of":24,"user_created":65,"date_created":187,"user_updated":24,"date_updated":24,"content":188,"link":189},10610,"Nominations are now open for the [International Anti-Corruption Collective Action Awards 2026](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fawards\u002F), recognising organisations and initiatives that demonstrate leadership, impact and innovation in advancing Collective Action to prevent corruption and strengthen business integrity.\n\nThe awards will be presented at the [International Collective Action Conference 2026](https:\u002F\u002Fbaselgovernance.org\u002Fnews\u002Fregistration-open-6th-international-collective-action-conference), taking place on 9–10 June 2026 in Basel, Switzerland.\n\nOrganisations and initiatives can submit their nomination for two award categories:\n\n*   Gretta Fenner Outstanding Achievement in Collective Action 2026 – acknowledging significant contributions towards fairer market conditions and the prevention of corruption through engagement in Collective Action.\n*   Collective Action Inspirational Newcomer 2026 – showcase accomplishments of initiatives that have been active in the field of anti-corruption Collective Action for less than two years.\n\nNomination are open until 27 March 2026.\n\nThe anti-corruption Collective Action Awards are non-monetary and will only be granted to organisations, not individuals. \n\n### Selection process\n\nEligible nominations will be reviewed by an international jury of experts. The three highest-scoring initiatives in each category will be shortlisted as finalists. Winners will then be determined through a combined vote of the jury and the public, with each jury member and the public vote carrying equal weight.\n\nPublic voting will take place online and will be anonymous. \n\n#### Jury members\n\nThe 2026 jury includes:\n\n*   Nathalie Delapalme, Chief Executive Officer of the Mo Ibrahim Foundation\n*   Nicola Bonucci, Board Member of the Basel Institute on Governance and former Director for Legal Affairs at the OECD\n*   Rhoda Weeks-Brown, Founder and CEO of Cape Palmas Global Advisors LLC and former General Counsel of the IMF\n\nThe awards are presented with the support of the [Siemens Integrity Initiative](https:\u002F\u002Fbaselgovernance.org\u002Fnews\u002Fbasel-institute-awarded-new-siemens-integrity-initiative-evolve-funding-advance-global).\n\n### Learn more\n\n*   For more information on the eligibility criteria, the selection process and the public vote, see our [award methodology](https:\u002F\u002Fb20-dev.baselgovernance.org\u002Fapi\u002Fassets\u002Fa54d560f-0d11-439a-ac88-8bf89a6a2120).\n*   Learn more on the [B20 Collective Action Hub](https:\u002F\u002Fcollective-action.com\u002F), the Basel Institute's platform for knowledge and engagement on anti-corruption Collective Action.","2026-03-04","international-collective-action-awards-2026-nominations-open-2941","International Collective Action Awards 2026: nominations open","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002F7d9267b4-5c9c-4c0d-81a2-a1ca5c34eaa9?width=1000&height=650&format=webp&quality=80",[],[54,16],[80],[],2941,[54,16],[80],[],[],[],"2026-04-15T22:45:21.000Z",[],"\u002Fresources\u002Fnews\u002Finternational-collective-action-awards-2026-nominations-open-2941",{"id":191,"body":192,"status":6,"type":10,"date":193,"slug":194,"title":195,"image":196,"countries":197,"topic":199,"activity":200,"tags":202,"nid":203,"topics":204,"activities":205,"authors":206,"images":207,"websites":24,"area":24,"programme":24,"language":63,"translations":208,"translation_of":24,"user_created":65,"date_created":209,"user_updated":65,"date_updated":210,"content":211,"link":212},10601,"The only international anti-corruption Collective Action Conference is back!\n\nAre you working on corruption prevention in the private sector, government, civil society or academia?\n\nThen join us for the sixth edition of this biannual landmark event on 9–10 June in Basel, Switzerland.\n\nOver one and a half days of expert sessions, fireside chats and networking, we’ll bring together practitioners from around the world to build and strengthen communities of practice in Collective Action.\n\nThis edition will focus on concrete measures to make markets fairer and more transparent – with a strong hands-on approach:\n\n*   What does Collective Action look like in practice, and what makes it work?\n*   How can a multi-stakeholder approach help organisations respond more effectively to global business challenges?\n\nThe 6th International Collective Action Conference is supported by the Siemens Integrity Initiative. Participation is free of charge, but places are limited and subject to approval. \n\nLearn more on the [official event page on the B20 Collective Action Hub](https:\u002F\u002Fcollective-action.com\u002Fget-involved\u002Fevents\u002Ficac-2026) and [submit your registration request here](https:\u002F\u002Fdocs.google.com\u002Fforms\u002Fd\u002Fe\u002F1FAIpQLSeoO9mw-xZxNATMMIIr7vPqUqBPEWuOXW-AT2t3WXiYYMysaw\u002Fviewform).\n\n### Sponsorship opportunities\n\nWe are seeking a limited number of sponsors to support the conference and help advance practical, multi-stakeholder approaches to business integrity and anti-corruption. [See more information on sponsorship options and benefits](https:\u002F\u002Fb20-dev.baselgovernance.org\u002Fapi\u002Fassets\u002Fb9939e69-4813-4b44-903e-2ab705068d45) and don't hesitate to get in touch.","2026-02-16","registration-open-6th-international-collective-action-conference-2933","Registration open: 6th International Collective Action Conference","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002F40e65081-b8a4-44f9-b6d1-b16f6a5083be?width=1000&height=650&format=webp&quality=80",[198],7804,[54,16],[80,201],"Partnerships",[],2933,[54,16],[80,201],[],[],[],"2026-02-27T15:07:17.000Z","2026-02-27T15:07:18.000Z",[],"\u002Fresources\u002Fnews\u002Fregistration-open-6th-international-collective-action-conference-2933",{"id":214,"body":215,"status":6,"type":72,"date":216,"slug":217,"title":218,"image":219,"countries":220,"topic":221,"activity":222,"tags":223,"nid":232,"topics":233,"activities":234,"authors":235,"images":236,"websites":24,"area":24,"programme":24,"language":63,"translations":237,"translation_of":24,"user_created":65,"date_created":210,"user_updated":144,"date_updated":145,"content":238,"link":239},10602,"_By J. Edward (Ned) Conway, Executive Secretary, The Wolfsberg Group_\n\nAs virtual assets move into the mainstream of traditional finance, tricky questions arise. What does a reasonable, risk-based control framework look like for banks that provide services to virtual asset service providers (VASPs)? And how can compliance teams strengthen private-to-private information sharing to better detect suspicious activity?\n\nThese were some of the questions tackled by the [Wolfsberg Group](https:\u002F\u002Fwolfsberg-group.org\u002F) at the 9th Global Conference on Criminal Finances and Cryptoassets, organised by the Basel Institute on Governance, Europol and UNODC and held in Vienna on 28–29 October 2025.\n\nThe Wolfsberg Group is an association of 12 global banks that develops frameworks and guidance for the management of financial crime risks. Housed at the Basel Institute on Governance, this long-standing initiative brings together senior financial crime compliance leaders through various working groups, including one dedicated to virtual assets.\n\nThis flagship event provided a valuable platform for the Group to explain its [Stablecoin Guidance](https:\u002F\u002Fwolfsberg-group.org\u002Fresources\u002F204\u002F), gauge interest in a specific Due Diligence Questionnaire focused on VASPs, and further advance efforts to break down silos in private-to-private information sharing.\n\nThis blog summarises some of the key discussions – dialogues that are continuing in dedicated meetings and consultations of the Wolfsberg Group with members, regulators and institutional partners.\n\n### Regulatory clarity as a catalyst for TradFi–VASP relationships?\n\nDay 1 of the conference saw Ned Conway, Executive Secretary of the Wolfsberg Group, moderate a high-level panel discussion featuring representatives from Circle, Bullish and Société Générale on the theme _“Bridging the TradFi–DeFi Gap.”_\n\nThe panel discussed the barriers to relationship building between traditional finance (TradFi) institutions such as banks and VASPs such as cryptocurrency exchanges and stablecoin issuers. The speakers noted that a lack of trust and understanding persists, particularly around risks specific to virtual assets.\n\nThat is one reason that TradFi is slow to onboard VASPs as clients and provide them with the banking services they need in order to operate. However, stablecoins are helping bridge this gap by bringing parts of the crypto universe under regulatory frameworks.\n\nTradFi institutions underlined that they would benefit from clearer scenarios from regulators on where collaboration and information sharing would be permissible between regulated entities and VASPs. Recent [guidance issued by regulators on stablecoins and virtual assets in Asia](https:\u002F\u002Fwww.hkma.gov.hk\u002Fmedia\u002Feng\u002Fdoc\u002Fkey-functions\u002Fifc\u002Fstablecoin-issuers\u002FGuideline_on_supervision_of_licensed_stablecoin_issuers_eng.pdf), in particular, could help improve confidence both ways in the TradFi-VASP relationship.\n\n### Aligning risk appetite, due diligence and monitoring for suspicious activity\n\nOn Day 2, a dedicated Wolfsberg side event brought together VASPs, FinTech firms and traditional banks for in-depth discussions. Representatives from several Wolfsberg member banks – Deutsche Bank, Citi, UBS, Société Générale, and Bank of America – joined the sessions.\n\nThe agenda focused on frameworks for information sharing, but the discussions touched upon a range of hot topics including:\n\n*   risk appetite and the risk-based approach;\n*   payment transparency (i.e. the [travel rule](https:\u002F\u002Fwww.eba.europa.eu\u002Fpublications-and-media\u002Fpress-releases\u002Feba-issues-travel-rule-guidance-tackle-money-laundering-and-terrorist-financing-transfers-funds-and)); and\n*   approaches to monitoring for suspicious activity.\n\nDuring the discussions, participants highlighted that one of the main barriers to effective collaboration between traditional financial institutions and VASPs is a lack of mutual trust. Both sectors face difficulties in interacting with each other.\n\nThe [Wolfsberg Correspondent Banking Due Diligence Questionnaire](https:\u002F\u002Fwolfsberg-group.org\u002Fresources?type=cbddq-fccq&category=questionnaires) (CBDDQ) is useful for setting standards, but onboarding challenges could be overcome by framing risk in common language. Many viewed the current onboarding approaches as fragmented, and expressed strong support for the Wolfsberg Group to develop standardised guidance and a due diligence questionnaire for VASPs.\n\nQuestions remain about what is “reasonable” and “risk-based” for VASPs, especially for smaller institutions, and whether banks should monitor blockchain transactions themselves. VASPs need to be able to articulate their risk appetite, and how this changes as they continue to develop innovative products and services.\n\nVASP participants viewed the Wolfsberg Group’s [Stablecoin Guidance](https:\u002F\u002Fwolfsberg-group.org\u002Fresources\u002F204\u002F) as applicable beyond stablecoin issuers to the wider VASP ecosystem. This is particularly true for the tailored questions on the underlying control environment, and the linking of risk appetite directly to monitoring approaches.\n\n### Improving private-private information sharing on suspicious activity\n\nDiscussion on information sharing between TradFi and VASPs highlighted that this can rely heavily on personal relationships across entities, limiting scalability.\n\nVASPs showed concern around sharing wallet addresses under private-to-private information sharing frameworks, given geopolitical trends and concerns around the EU’s General Data Protection Regulation (GDPR). However, consensus emerged that better data sharing both increases the quality of suspicious activity reports (SARs) and reduces SAR volumes.\n\nParticularly on this latter point, activities often thought to be suspicious in a silo are better understood when viewed from multiple perspectives, confirming the importance of information exchange.\n\n### Continuing to build bridges as the financial system evolves\n\nBridging the gap between TradFi and DeFi remains a central theme in the Wolfsberg Group’s strategy. The Vienna events offered a unique opportunity to engage key stakeholders across the sector and advance this important dialogue.\n\nThe side event was opened by Elizabeth Andersen, Executive Director of the Basel Institute on Governance. The Wolfsberg Group extends its sincere thanks to the Basel Institute for the opportunity to co-host this side event and to participate in the 9th Global Conference on Criminal Finances and Cryptoassets.\n\n### Learn more\n\n*   Learn more about the [Wolfsberg Group](https:\u002F\u002Fwolfsberg-group.org\u002F) and explores its guidance and [resources](https:\u002F\u002Fwolfsberg-group.org\u002Fresources) on managing financial crime risk, including its [Stablecoin Guidance](https:\u002F\u002Fwolfsberg-group.org\u002Fresources\u002F204\u002F).\n*   Learn more about the [9th Global Conference](https:\u002F\u002Fbaselgovernance.org\u002Fnews\u002Fglobal-experts-advance-joint-fight-against-crypto-enabled-crime) and see selected recordings.\n*   Find out about the [10th Global Conference on Criminal Finances and Cryptoassets](https:\u002F\u002Fbaselgovernance.org\u002F10crc) on 15–16 September 2026 in Luxembourg.","2026-02-11","advancing-trust-and-standards-between-banks-and-virtual-asset-service-providers-lessons-from-wolfsberg-group-events-at-the-9th-global-conference-2929","Advancing trust and standards between banks and virtual asset service providers – lessons from Wolfsberg Group events at the 9th Global Conference","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Fc0f797c0-3af2-47b9-92aa-20efc3f95cce?width=1000&height=650&format=webp&quality=80",[],[14,15],[80],[224,228],{"tags_id":225},{"id":226,"name":227},854,"Virtual assets",{"tags_id":229},{"id":230,"name":231},818,"Anti-money laundering",2929,[14,22],[80],[],[],[],[],"\u002Fresources\u002Fnews\u002Fadvancing-trust-and-standards-between-banks-and-virtual-asset-service-providers-lessons-from-wolfsberg-group-events-at-the-9th-global-conference-2929",{"id":241,"body":242,"status":6,"type":10,"date":243,"slug":244,"title":245,"image":246,"countries":247,"topic":249,"activity":250,"tags":251,"nid":252,"topics":253,"activities":254,"authors":255,"images":256,"websites":24,"area":24,"programme":24,"language":63,"translations":257,"translation_of":24,"user_created":65,"date_created":258,"user_updated":144,"date_updated":145,"content":259,"link":260},10603,"The fight against criminal misuse of cryptoassets enters its next chapter.\n\nJoin us on 15–16 September 2026 for the 10th Global Conference on Criminal Finances and Cryptoassets – held this year in Luxembourg at the European Convention Centre and online.\n\nThis landmark edition will be hosted by Luxembourg’s [Bureau de gestion des avoirs](https:\u002F\u002Fbga.gouvernement.lu\u002Ffr.html) (BGA), alongside the Basel Institute on Governance, Europol and UNODC as co-organisers.\n\nRenowned as a leading global forum, the conference brings together practitioners from across sectors and regions to tackle the evolving threats posed by criminal exploitation of cryptoassets and related services.\n\nExpect cutting-edge insights, candid exchanges and practical solutions aimed at safeguarding individuals, businesses and the integrity of financial systems worldwide.\n\n*   Day 1 – 15 September: Open to experts from all sectors, with a strong focus on public–private collaboration, emerging risks and real-world practice.\n*   Day 2 – 16 September: Reserved for public authorities, including law enforcement, prosecutors, financial intelligence units, asset management offices and regulators, with in-depth case studies and operational insights.\n\n### Learn more\n\n*   See more information on the official [10th Global Conference event page](https:\u002F\u002Fbaselgovernance.org\u002F10crc).\n*   Sign up to the [conference mailing list](http:\u002F\u002Feepurl.com\u002FiCwSMo) to be notified when registration opens.\n*   If you would like to submit a proposal to present, moderate a panel discussion or lead a breakout session, [please use this form](https:\u002F\u002Fforms.gle\u002FvXZjotdYgxbk1oRT6).","2026-02-10","save-the-date-10th-global-conference-on-criminal-finances-and-cryptoassets-2932","Save the date: 10th Global Conference on Criminal Finances and Cryptoassets","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002F7048f59e-5619-4a67-a552-67d57cbf2cb5?width=1000&height=650&format=webp&quality=80",[248],7805,[14,15],[80,201],[],2932,[14,22],[80,201],[],[],[],"2026-02-27T15:07:20.000Z",[],"\u002Fresources\u002Fnews\u002Fsave-the-date-10th-global-conference-on-criminal-finances-and-cryptoassets-2932",{"id":262,"body":263,"status":6,"type":72,"date":264,"slug":265,"title":266,"image":267,"countries":268,"topic":24,"activity":24,"tags":269,"nid":24,"topics":270,"activities":271,"authors":272,"images":273,"websites":274,"area":275,"programme":24,"language":63,"translations":277,"translation_of":24,"user_created":278,"date_created":279,"user_updated":24,"date_updated":24,"content":280,"link":281},10592,"\u003Cp>In a world that feels increasingly unsettled, with rising concerns over corruption, organised crime and illicit finance, it is encouraging to see that the Basel AML Index does not show global money laundering risks getting worse. The average score across all jurisdictions has even improved slightly – and in today’s climate even a modest hint of progress is worth noting. \u003C\u002Fp>\n\n\u003Cp>Still, we all know that global averages are hardly meaningful. What matters is what people experience in their own countries and regions, where threats like corruption, fraud, environmental crime and drug trafficking continue to evolve fast and affect their everyday lives. \u003C\u002Fp>\n\n\u003Cp>I have spent more than two decades working to strengthen governance and the rule of law around the world, and I have seen firsthand the power of data and evidence to drive change. With respect to complex topics such as corruption, money laundering and other financial crimes, this is no simple task. They are difficult to define, to quantify and to track over time. But unless we make a sincere effort to assess the risks, and acknowledge where the gaps and uncertainties lie, policymakers and practitioners are left working in the dark. \u003C\u002Fp>\n\n\u003Cp>This is the purpose of the Basel AML Index. It is not a simple score to be copy-pasted into a risk assessment or put out in a press release. It is a tool to explore what lies behind a jurisdiction’s risk profile. Many users rely on the headline Public Edition score, but there is much to be gained by looking deeper. The Expert Edition, free for the public sector, non-profits, academia and the media, and reasonably priced for private firms, gives an overview of all 17 indicators and supports more informed decisions. \u003C\u002Fp>\n\n\u003Cp>Look behind the curtain and you will see that the Basel AML Index recognises that tackling money laundering is not only about laws, regulations and enforcement. It also depends on independent political and legal systems, a free and active media and real accountability in the public sector. These elements are essential to a jurisdiction’s resilience to financial crime, so the Basel AML Index incorporates measures of these as well as other factors more commonly associated with financial crime. \u003C\u002Fp>\n\n\u003Cp>Measurement alone, however, is not enough; it is just the starting point for progress. That is why the Basel Institute works directly with partner countries to help them understand their risks and strengthen their resilience to money laundering and related financial crimes. We often undertake this work in the context of preparations for Financial Action Task Force (FATF) evaluations or ongoing efforts to leave the FATF grey list.\u003C\u002Fp>\n\n\u003Cp>Last month we welcomed Mozambique’s exit from the grey list after intensive work by our team and other partners to support improvements in the country’s anti-money laundering framework and asset recovery capacity. Similar assistance is underway with other partner countries, and we continue to engage with FATF-style regional bodies such as GAFILAT and ESAAMLG as an active observer member. \u003C\u002Fp>\n\n\u003Cp>If we can say one thing for sure about the future, it is that financial crime will continue to evolve at speed. But I remain hopeful, because progress in tackling it is possible when decisions are rooted in solid evidence. By shedding light on the underlying factors driving money laundering risks at the jurisdiction level, the Basel AML Index aims to help focus attention and resources where they matter most. \u003C\u002Fp>\n\n\u003Cp>\u003Ca href=\"https:\u002F\u002Findex.baselgovernance.org\u002F\">Explore the Basel AML Index\u003C\u002Fa> and \u003Ca href=\"https:\u002F\u002Fbaselgovernance.org\u002Fpublications\u002Fbasel-aml-index-2025\">download this year's report\u003C\u002Fa>.\u003C\u002Fp>\n","2025-12-11","elizabeth-andersen-foreword-to-the-basel-aml-index-report","Elizabeth Andersen: Foreword to the Basel AML Index report","https:\u002F\u002Fjam.baselgovernance.org\u002Fapi\u002Fassets\u002Fed3f18dd-4ed7-474a-911d-3048d406faf7?width=1000&height=650&format=webp&quality=80",[],[],[14],[19],[],[],[19],[276],"Asset Recovery & Enforcement",[],"545a204d-e41b-4882-afda-481ecf3fd971","2025-12-11T09:55:09.000Z",[],"\u002Fresources\u002Fnews\u002Felizabeth-andersen-foreword-to-the-basel-aml-index-report",{"left":283,"top":283,"width":284,"height":284,"rotate":283,"vFlip":285,"hFlip":285,"body":286},0,20,false,"\u003Cpath fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M17 10a.75.75 0 0 1-.75.75H5.612l4.158 3.96a.75.75 0 1 1-1.04 1.08l-5.5-5.25a.75.75 0 0 1 0-1.08l5.5-5.25a.75.75 0 1 1 1.04 1.08L5.612 9.25H16.25A.75.75 0 0 1 17 10\" clip-rule=\"evenodd\"\u002F>",1780676391668]