"Environmental destruction and corruption are two of the greatest global challenges of our time. Both are closely interrelated…”

This was the starting point of a high-level meeting hosted by the Principality of Liechtenstein. Dominique Hasler and Panagiotis Potolidis of the Ministry of Foreign Affairs led the discussions together with Peter Maurer, President of the Basel Institute on Governance, and Juhani Grossmann, Head of our Green Corruption Programme.

Leading voices in the field of countering economic crime came together at the 2024 Cambridge International Symposium on Economic Crime to discuss this year’s theme: “suspect assets”.

The very first session of the Symposium sought to answer a key question from the outset: Why attack assets in the first place?

Have we reached a turning point in the fight against corruption that impacts the environment?

For the first time in its 20-year history, the Conference of the States Parties to the UNCAC (CoSP10) hosted a series of special events on corruption that impacts the environment. The 25 co-organisers included states, international organisations and non-profit organisations, including the Basel Institute on Governance through our Green Corruption programme.

It is becoming a truism that projects designed to address society’s biggest problems – like corruption or environmental degradation – need to be based on an understanding of the political context.

It is clear why. Without an understanding of the political context, we may miss important policy opportunities or stakeholders who can support and sustain the project goals. Our efforts may clash with power dynamics in unexpected ways, introducing unforeseen risks and undermining what we seek to achieve.

Richard Nephew, Coordinator on Global Anti-Corruption, U.S. Department of State, recently gave a keynote address at a joint event on Combating Green Corruption: Fighting financial crime as a driver of environmental degradation.

The event at the Wilson Center in Washington, D.C. on 19 September 2023, was jointly organised by the Basel Institute on Governance, Embassy of Liechtenstein in Washington D.C., U.S. Department of State and the Wilson Center.