We have just published our 28th Working Paper on a topic that is concerning AML, FinTech and RegTech professionals, finance professionals and law enforcement agencies worldwide - as well as ordinary citizens who wish to take advantage of new payment methods.
The topic? Regulating cryptocurrencies: challenges and considerations.
Cryptocurrency regulations are developing fast. Across the world, authorities are reacting to the emerging threat posed by criminals using new payment methods to conceal and launder the proceeds of their crimes.
However, as the application of anti-money laundering/combating the financing of terrorism (AML/CFT) due diligence requirements becomes stricter and more entities implement preventative measures, criminals are constantly looking elsewhere for potential havens for their illicit activities.
The third meeting of the International Academy of Financial Crime Litigators in Basel this March brought together some of the world’s top academic and litigation professionals in the field of financial crime.
The Director General of the Tanzanian Prevention and Combating of Corruption Bureau (PCCB), Diwani Athumani, officiated the first group training on the intelligence process to PCCB intelligence officers.
The Intelligence Directorate is a new venture for the PCCB, following a recent restructure of the Bureau authorised by State House.
This training course, which took place from 2–3 April 2019, was conducted by Phill Jones, Senior Investigation and Asset Recovery Specialist at the International Centre for Asset Recovery.
The Public Ministry of the Peruvian region of La Libertad organised a seminar on “seeking effective mechanisms in the fight against corruption and money laundering” last week. Supported by the Subnational PFM Programme of the Swiss SECO Cooperation and the Basel Institute’s International Centre for Asset Recovery, the event was attended by more than 300 participants.
Prosecutors specialised in corruption and money laundering crimes in the city of Trujillo in northwestern Peru have benefited from training in “Asset recovery via the legal mechanism of Extinción de Dominio”. This is one of several capacity building initiatives launched by our team in Peru this year as part of the Subnational PFM Programme of the Swiss SECO Cooperation.
Experts from the Basel Institute’s International Centre for Asset Recovery (ICAR) have conducted an intensive five-day training workshop in Kyiv, Ukraine for Ukrainian prosecutors, investigators and other anti-corruption practitioners. The participants learned to:
The Basel Institute will be launching an innovative project promoting systematic, intelligence-led action against illegal wildlife trafficking (IWT) networks along the East Africa – Southeast Asia trading chain.
Four members of Tanzania’s Prevention and Combating of Corruption Bureau (PCCB) have delivered three weeks of intensive training workshops to fellow PCCB staff. The trainers are PCCB officials who graduated from the “train the trainer” programme of the Basel Institute’s International Centre for Asset Recovery (ICAR) in 2017.
We are looking for a qualified external reviewer for our International Centre for Asset Recovery (ICAR) and its operational approach, structure and work plan.
ICAR pursues the mission of supporting and strengthening the capacity of developing and transition partner countries to investigate and prosecute corruption cases with a view to recovering scarcely needed resources and deter future corruption from happening.