The Basel AML Index – the Basel Institute’s global money laundering index and risk assessment tool – will see a small but important methodology update this year. The aim is to better reflect the progress of jurisdictions that have graduated from the so-called grey list of the Financial Action Task Force (FATF), the global standard setter for anti-money laundering and counter financing of terrorism (AML/CFT).
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High-level forum: Strengthening transparency and governance through Collective Action in Bulgaria
This event has now passed. See short takeaways and quotes.
A high-level forum in the Bulgarian capital Sofia on 10 October 2023 will focus on Bulgaria’s efforts to strengthen integrity, transparency, accountability and open government through Collective Action and the active participation of the business sector.
A high-level forum in the Bulgarian capital Sofia will focus on Bulgaria’s efforts to strengthen integrity, transparency, accountability and open government through Collective Action and the active participation of the business sector.
The in-person event (with live streaming) is aimed primarily at government agencies contributing to the anti-corruption agenda, as well as private-sector participants including business and industry associations. Civil society organisations and the media will also be invited.
A blog by Meraal Hakeem, a law student at the Arizona State University who is undertaking a legal research internship at the Basel Institute on Governance.
In the aftermath of Russia’s invasion of Ukraine, the United States’ Department of Justice launched “Task Force KleptoCapture” in March 2022 to enhance its capacity to enforce sanctions and target assets suspected of bolstering the Russian regime.
In an article published in the inaugural issue of the Bulletin of The International Academy of Financial Crime Litigators, Oscar Solorzano and Gretta Fenner analyse a recent decision of the Swiss Federal Supreme Court, which cleared the way for returning funds tied to corruption to Peru. The decision sets an important precedent for the use of non-conviction based forfeiture laws to recover illicit assets in the absence of a criminal conviction. This is a crucial step in the fight against global corruption.
Registration is now open for the 7th Global Conference on Criminal Finances and Cryptocurrencies (#7CrC). The conference will take place on 26–27 October 2023 at the Europol headquarters in The Hague, Netherlands.
The hybrid conference explores trends, strategies and tactics in tackling crimes involving virtual assets. A joint initiative of the Basel Institute on Governance and Europol, the annual event now draws hundreds of experts and interested parties from around the world.
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Confiscating assets for Indonesia: Interview with Mark Temple KC, H.M. Attorney General of Jersey
Jersey recently announced the successful conclusion of a 10-year asset recovery case against an Indonesian company director convicted of fraud, embezzlement and money laundering, and which involved a luxury apartment in Singapore held through a Jersey trust. H.M.
Bulgaria’s recent political settlement following five consecutive snap elections ended the political deadlock with the establishment of a government led by two rotating Prime Ministers. Nikolay Denkov of the We Continue the Change-Democratic Bulgaria (PP-DB) coalition will serve as the Prime Minister the first nine months, followed by former European Commissioner for Innovation of the Citizens for European Development of Bulgaria (GERB) Maria Gabriel.
Mozambique is moving towards the introduction of a new civil confiscation law that would enable the forfeiture of proceeds of crime outside of criminal proceedings.
Mozambique’s Minister of Justice, Constitutional and Religious Affairs and Deputy Attorney General co-chaired a high-level international seminar on the topic in the Mozambican capital Maputo on 3–4 July 2023.
On 2–4 August 2023, the International Congress on "Business Management and Economic Criminal Law: Corporate Crimes and Compliance in Ibero-America" will take place in Quito, Ecuador.
This event is organised by the DDC Foundation in Ecuador, the Observatory of Transnational Organized Crime at the University of Salamanca (Spain) and the Study Center of Economic Criminal Law and Business (Peru). It is supported by the University of San Francisco (Ecuador) and the United States Embassy in Ecuador. The Basel Institute is one of several collaborating organisations.