This Case Study describes how Kenya obtained crucial overseas intelligence in a corruption case through the International Anti-Corruption Coordination Centre, leading to the recovery of USD 1.8 million in assets for the Kenyan people.
Key points:
Illicit financial flows in commodity trading – and beyond – undermine entire economies and deprive developing countries of vital funds for sustainable development.
At the same time, reconstruction projects must fully address the risks posed by illicit flows and corruption.
This in-person event will examine these challenges and discuss the responsibilities and practical options for stakeholders including development agencies, banks, financial service providers and public authorities.
In an article published in the Fall 2025 issue of the Bulletin of the International Academy of Financial Crime Litigators, Andrew Dornbierer explores the revival of unexplained wealth orders (UWOs) in the United Kingdom.
Introduced in 2017 as a tool to combat the abuse of UK's markets to launder criminal proceeds, the UWO mechanism suffered a severe setback in 2020. After only a handful of attempts to use it, a decision by the High Court effectively left it sprawled on the canvas.
Criminal use of crypto is becoming increasingly professionalised, but so too is the global response. Participants at the 9th Global Conference on Criminal Finances and Cryptoassets emphasised three priorities: developing common standards, deepening cooperation and investing in capacity.
These are essential if authorities and industry are to keep pace with evolving threats and recover illicit cryptoassets at scale.
The Basel Institute on Governance offers a four-day training course covering the fundamentals of crypto, financial crime and anti-money laundering (AML) compliance.
Delivered virtually over four interactive three-hour sessions, the course equips practitioners from law enforcement, financial and business sectors to prevent, detect and investigate the use of crypto for illicit activities.
The Basel Institute on Governance offers a four-day training course covering the fundamentals of crypto, financial crime and anti-money laundering (AML) compliance.
Delivered virtually over four interactive three-hour sessions, the course equips practitioners from law enforcement, financial and business sectors to prevent, detect and investigate the use of crypto for illicit activities.
The 14th edition of the Basel AML Index Public Edition – set to be released on 8 December 2025 – will categorise jurisdictions’ financial crime risks using a more nuanced risk-level system.
The Financial Action Task Force (FATF) is removing Mozambique from its “grey” list of jurisdictions under increased monitoring, following more than two years of intensive reform and implementation efforts.
Mozambique was placed on the FATF grey list in October 2022. It has since made significant progress in addressing strategic deficiencies in its anti-money laundering and counter-terrorist financing (AML/CFT) framework.
Criminals exploit legal loopholes, borders and other avenues to conceal the proceeds of their illegal activities and evade prosecution. Meanwhile, they use their illicit proceeds to buy luxury villas or increase their power and influence. Victims of crime – including communities affected by corruption – suffer the losses.
Thank you to everyone who joined us for the launch of the 2025 Public Edition of the Basel AML Index, an independent ranking and risk assessment tool measuring money laundering and related financial crime risks worldwide.