This blog was originally published on the FCPA Blog, which was discontinued in February 2024.
Hundreds of billions of dollars of Russian assets sit frozen in bank accounts, buildings, and harbours, thanks to the unprecedented financial sanctions rolled out since the full-scale invasion of Ukraine on February 2022. Understandably, states holding large quantities of Russian assets are under political pressure to permanently seize these and redirect the money to support Ukraine.
Corruption and fraud risks in public procurement are a concern all over the world – including Bulgaria, where scandals around infrastructure and procurement projects damage trust in government, drain the public budget and may also affect EU development funds.
Authorities in Cusco in southeast Peru have succeeded in recovering a house and land linked to acts of corruption by the former mayor of the province of Canchis, using a recently introduced non-conviction based forfeiture law.
At the Basel Institute we connect our IT, eLearning and training activities closely. The result is more effective and efficient capacity building that takes advantage of technological advances while keeping trainees’ learning experience at the centre.
How can corruption affect peace and security? Where does corruption influence or intersect with geopolitics? And how can peace-building and anti-corruption serve a common goal?
A two-hour workshop at Basel Peace Forum 2024, organised by Swisspeace, delved into these questions and more. Moderated by Gretta Fenner, Managing Director at the Basel Institute on Governance, the panel looked at some of the most critical intersections of corruption, security, peace and geopolitics.
We are very happy to announce the signing of a Memorandum of Understanding between the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the Basel Institute on Governance.
O presente Guia de Boas Práticas na Investigação Criminal em Moçambique constitui uma ferramenta essencial no trabalho dos investigadores do Serviço Nacional de Investigação Criminal (SERNIC) e acreditamos ser de elevada utilidade prática para o exercício das actividades funcionais do dia-a-dia deste serviço. Vem acompanhado pelas Leis Orgânicas do Serviço Nacional de Investigação Criminal e do Ministério Público, a Lei n.º 2/2017, de 9 de Janeiro, e a Lei n.º 1/2022, de 12 de Janeiro, respectivamente.
Our recently released Basel AML Index 2023 says that countries need to supercharge their efforts to understand the evolving financial crime risks of new technologies – especially cryptocurrencies and other virtual assets.
Mozambique faces critical infrastructure challenges – and opportunities – across all areas of its economy.
Yet the type of high-value procurement and infrastructure projects needed to boost development in the country are well known to be vulnerable to corruption. Risk factors include the high complexity, large transactions and multi-party negotiations that require close cooperation between the public and private sectors.
Global money laundering and terrorist financing (ML/TF) risks just keep on rising, according to the 2023 Public Edition of the Basel AML Index.
And that has real impact on people’s lives today – from well-funded terrorist attacks to trillions of dollars flowing out of countries through corruption and organised crime.