Intensified economic globalisation has had positive and negative effects. It has left nation states struggling to deal with the negative fall-out. National regulation against abuses has, however, proven increasingly ineffective, especially since companies have the freedom to move their hazardous activities to under-regulated areas.
This paper examines how the Wolfsberg Anti-Money Laundering Principles came into being. It charts their subsequent development and also looks at what the Wolfsberg Group of banks may tackle in the future.
Switzerland is frequently accused of being reluctant to take thorough measures to fight money laundering. Both the Swiss authorities and the banks in Switzerland strongly reject such accusations. We are convinced that our anti-money laundering measures are best market practice.
Registration is now open for the annual Arbitration and Crime workshop on 8 January 2021. Organised by the Arbitration and Crime Competence Centre, the event brings together leading arbitrators, lawyers, academics and other experts from around the world.
This year's workshop, which will take place virtually on Zoom and is open free of charge to all, will feature the following panels:
In collaboration with the Basel Institute on Governance, the Competence Centre for Arbitration and Crime is planning a two-day workshop that brings together arbitrators, lawyers, forensics, academics, students and representatives of NGOs from around the world.
The workshop, entitled International Arbitration and Corruption: A Toolkit for Arbitrators, takes place at the Faculty of Business and Economics, Basel University, on Thursday 10 and Friday 11 January 2019.
The Basel Institute on Governance has partnered with Zurich-based MME to offer a training course on blockchain, cryptocurrencies and anti-money laundering/countering the financing of terrorism (AML/CFT). The two-day course, FinTech AML Compliance Training, covers the essentials of blockchain and how to adapt AML/CFT processes to the FinTech industry.
The Basel Institute on Governance and Ecuador's Financial and Economic Analysis Unit (Unidad de Análisis Financiero y Económico, UAFE) have signed a Case Consultancy Agreement. The agreement, signed on 29 November during the Basel Institute's third mission to Quito, sets out general lines of mutual cooperation in areas related to the fight against corruption, money laundering and other financial crimes.