Improving the quality of intelligence we can extract from blockchain technologies could vastly increase our capacity to counter financial crimes involving crypto or virtual assets.
This Q&A builds on a first article on the concept of blockchain intelligence and practical use cases. This one focuses on the quality of current blockchain intelligence and the need for recognised standards and professional training to build capabilities in the public and private sectors.
Experts from all sectors agree we need more effective, efficient tools to counter the criminal use of blockchain technologies such as crypto-assets. Can better standards for blockchain intelligence provide an answer?
This will be a major focus of the inaugural Blockchain Intelligence Forum to be held in Bucharest on 10 April 2025, as part of the Digital Innovation Summit Bucharest 2025, of which the Basel Institute is a supporting organisation.
Given the increasing headwinds against global anti-corruption efforts blowing out of the United States in recent weeks, the EU’s commencement of trilogue negotiations regarding its proposed Directive on combating corruption has gone largely unnoticed.
We are thrilled to launch Basel STUDY, deepening our mission to empower professionals and practitioners working to counter corruption and financial crime. In conjunction with the University of Basel, the Basel Institute now offers advanced postgraduate qualifications in anti-corruption and asset recovery.
Zambia’s multi-agency approach to fighting corruption has gained further momentum as our International Centre for Asset Recovery (ICAR) training team conducted another successful workshop on financial investigations and asset recovery in Lusaka. This was the fourth in a series of five workshops under our train-the-trainer (TTT) programme for Zambia.
This article is adapted from the 2024 Basel AML Index public report.
“Foreign bribery continues to inflict enormous damage throughout the world. Holding culpable companies to account is an excellent start. But a complete picture of justice will only take shape once all the harm caused by these companies is adequately considered.”
Andrew Dornbierer puts his finger on the button in his foreword to our latest Working Paper: Compensating the victims of foreign bribery: UK legislation, practice and recommended reforms, by Sam Hickey.
The UK is a global leader in its efforts to target foreign bribery. It is one of the only countries worldwide to use negotiated settlements such as deferred prosecution agreements (DPAs) to resolve cases and extract penalties from corporations that commit corruption abroad. The UK has also laudably committed to using the proceeds of DPAs in foreign bribery cases to compensate the victims of corruption, particularly in countries that suffer its worst effects.
La Directive de l’Union européenne de 2024 relative au recouvrement et à la confiscation d'avoirs oblige les États membres, entre autres, à adopter des mesures législatives pour permettre la confiscation de la « fortune inexpliquée ».
