Right on time for the ART Basel, the world famous international art fair that takes place in Basel every year in June, the Basel Institute launched a public consultation on a Green Paper that sets out Anti-Money Laundering Principles for the Art Trade.
The Basel Institute has been a longtime partner of the B20 anti-corruption working groups, and during the German Presidency has actively supported the Responsible Business Conduct and Anti-corruption work of the B20 by contributing to the development of the final recommendations. These were officially handed over to German Federal Chancellor Angela Merkel in May.
E-government generally refers to the use of information and communication technologies to transform relations between citizens, businesses and various branches of government, and includes for example; e-procurement, e-customs, e-tax filing and e-sourcing.
In September, Ugandan prosecutors secured another conviction for money laundering by a former Swedish Embassy accountant, only a few months after the country's first ground-breaking money laundering trial. The accused, who stole almost EUR 1.9 million, was charged by the prosecution with money laundering, embezzlement, forgery and uttering a false document.
Check out our recent FCPA blog: The Basel Art Trade Guidelines 10 years on.
Thomas Christ, member of the Foundation Board of the Basel Institute, provides a contemporary perspective on an industry sector that has increasingly come into the spotlight of law enforcement and business integrity circles in recent years – the Art Market.
Both in investment and in commercial arbitration, it is becoming more and more frequent that a party raises the objection of corruption, money laundering, fraud or bid rigging.
The challenges this presents for arbitrators and parties are considerable and were the topic of a conference organised by the University of Basel in cooperation with the Basel Institute on Governance.
Since 9/11, tremendous efforts have been made and large financial sums have been invested to build up efficient anti-terrorist financing systems. Nearly eight years later, concrete results are still difficult to identify.
The Basel Institute on Governance and the United Nations Interregional Crime and Justice Research Institute signed a Memorandum of Understanding in March 2008.
The MoU defines terms of collaboration in the design and delivery of training courses on investigation, asset tracing and asset recovery; in the promotion of international legal cooperation and public-private partnerships to combat corruption, money laundering and the financing of terrorism; and in the provision of assistance in implementing international conventions on AML and corruption.
On 27-28 February 2011, a group of experts from 10 countries met in Lavin, Switzerland, to discuss the concept for the next Basel Institute on Governance conference on terrorist financing (the so called Giessbach conferences, named after the location of the first conference held in 2007) which is planned to take place in October 2011.
The group concluded that terrorist financing should not be seen as an isolated agenda but in conjunction with the threats originating from money laundering and organised crime.
From 26th January to 27th February 2011, the Basel Institute on Governance conducted seven multi-day training workshops on Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) in co-operation with the Financial Intelligence Unit Secretariat of Zambia. Over 200 participants from the following areas attended: