This quick guide by Phyllis Atkinson looks at how criminals manipulate and misuse corporate vehicles in offshore jurisdictions to launder money. It focuses on the meaning of "corporate vehicle" and "offshore" and other related concepts such as beneficial ownership. It also gives an example of how a trust, which is one common type of corporate vehicle in the vast "offshore ecosystem", can be used for illicit purposes. 

Over 80 arbitrators, lawyers and experts from around the world gathered at the University of Basel on 10 January 2020 to tackle the thorny issues of corruption and money laundering in international arbitration.

Corruption and money laundering affecting an underlying dispute are a considerable challenge for arbitrators and parties in investment and commercial arbitration. 

If corruption and/or money laundering is established, arbitrators need to decide about the legal consequences for the parties’ claims.

An exclusive interview with Elmer Chirre Castillo (photo: right), Provincial Prosecutor of the Third Anti-Corruption Supraprovincial Prosecutor's Office of Lima. 

By Oscar Solorzano (photo: left), Senior Asset Recovery Specialist and Country Manager for the Basel Institute's Peru country office.