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:
The 2013 edition is the second release of the Basel Anti-Money Laundering (AML) Index. First published in April 2012, it continues to be the only rating of country money laundering/terrorist financing risk by an independent non-profit institution. A Public Edition of the AML Index is available online free of charge. An Expert Edition facilitates more sophisticated independent risk assessments for financial institutions, which have to comply with AML, counter-terrorism financing (CTF), sanctions, and anti-bribery rules.
In the context of the ICC Assembly of State Parties held in New York in December, the ICC and ICAR jointly organised a side event on financial investigation in the context of investigations into serious international crimes.
In conjunction with the International Institute of Higher Studies in Criminal Sciences (ISISC), ICAR conducted a 5-day training workshop on mutual legal assistance and misuse of offshore structures for countries of the MENA region in Syracuse, Sicily during the period 3-7 November 2014.
On 26 and 27 October 2015, the Basel Institute’s International Centre for Asset Recovery (ICAR) supported the International Criminal Court (ICC) in a workshop, held at the seat of the Court in The Hague, on international cooperation and financial investigations. The workshop was supported by the Permanent Mission of the Principality of Liechtenstein to the United Nations and the European Commission and attended by experts from 13 countries and 6 international organisations.
Most of the top 10 highest risk countries in money laundering/terrorist financing remain
unchanged for the fourth year in a row, according to the 2015 Basel AML Index.
The Basel Institute on Governance releases today the 2015 Basel Anti-Money Laundering (AML) Index, which is an annual ranking assessing 152 countries regarding money laundering/terrorism financing risks. This is the fourth annual release of the Basel AML Index and it continues to be the only research-based rating of country money laundering/terrorist financing risk by an independent non-profit institution.
On 9 March 2016, the Basel Institute on Governance, through its Managing Director Ms Gretta Fenner, and the Peruvian Judiciary, through its head of the Judiciary Victor Ticona Postigo, signed a framework agreement in a bid to fight cross-border corruption and money laundering and, in turn, facilitate the return of assets arising from such crimes.
Singapore demonstrates a strong anti-money laundering and counter financing of terrorism (AML/CFT) legislative framework but despite this, it shows significant weaknesses in its effective implementation, according to a recent review by the Financial Action Task Force.
Publication
Overcoming the shadow economy
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.
Publication
Basel Art Trade Anti-Money Laundering Principles
These Principles draw on the Basel Art Trade Guidelines originally issued in draft in 2012 and reissued in 2018 without any material changes. This paper seeks to complement and set out in more detail the anti-money laundering aspects of the 2012/2018 Guidelines.