A Basel AML Index briefing following the decision of the Financial Action Task Force (FATF) to remove Panama from its list of jurisdictions under increased monitoring (“grey list”) in October 2023.

The briefing covers the main issues that led to Panama being grey-listed in June 2019, the action plan developed to address them, and publicly available data on how it was implemented. 

A model law on non-conviction based forfeiture (NCBF), drafted 10 years ago by UNODC to support countries in Latin America in their efforts to recover stolen assets, will be updated following four days of intense discussions among practitioners and asset recovery experts from across the continent.

At the upcoming UN Conference of States Parties (CoSP) to the UNCAC in Panama City during 25-29 November 2013, the Basel Institute will officially launch its most recent publication, Emerging Trends in Asset Recovery (see above under “Recent publication”). The book will be distributed at our information booth where we look forward to welcoming you.

During the CoSP, the Institute will also be hosting and participating in a series of workshops, notably:

The Government of Panama will evaluate the implementation of a High Level Reporting Mechanism (HLRM), through a pilot project in collaboration with the Basel Institute on Governance and the British Embassy in Panama.

Mark Pieth and Gemma Aiolfi of the Basel Institute met with Vice President Isabel de Saint Malo de Alvarado and several government ministers on Wednesday, 11 February 2015, to discuss the HLRM and its corruption prevention capacities, overall function and potential application within the Panamanian context.

The Panama Papers provided proof to the world of something that had long been suspected: the secrecy havens – jurisdictions in which global financial flows were hidden in ways that not even those entrusted with enforcing the laws and regulations of countries around the world could detect – were being used by those engaged in a host of nefarious activities, from tax evasion to corruption and even to child pornography.

From 1 - 4 December 2016 you will find the Basel Institute on Governance at the International Anti-Corruption Conference (IACC) in Panama City. The IACC is the world’s premier global forum for bringing together heads of state, civil society, the private sector and more to tackle the increasingly sophisticated challenges posed by corruption.

We will be hosting an information booth where you can obtain copies of our latest publications. Come by and learn more about our current activities and fields of research.

Basel Institute Chairman and criminal law expert Mark Pieth and Nobel-prize winning economist Joseph E. Stiglitz have just released their analysis of the issues revealed by the so-called “Panama papers”.

While the Panama Papers describe what was happening behind the secrecy, the Stiglitz and Pieth report entitled Overcoming the Shadow Economy focuses on what can and must be done, both by the international community and by the secrecy havens, to increase transparency.