This working paper is based on an empirical investigation of corruption and illicit exchange related to the so-called “Lava Jato” or “Odebrecht” scandal. Focusing on former Peruvian President Alejandro Toledo and his laundering of bribes obtained from the construction giant Odebrecht, the analysis aims to test the usefulness of applying a network lens to better understand the mechanisms underlying grand corruption cases.
Money laundering risks evolve fast, as do the tools and data available to assess them. That is why the Basel AML Index – the Basel Institute’s flagship index of money laundering risks around the world – updates its methodology every year, following an in-depth review with a group of experts from diverse backgrounds.
The Basel Institute on Governance is delighted to join the Global Coalition to Fight Financial Crime (GCFFC) in support of its core mission to make the fight against financial crime more effective. Together with her senior leadership team, Basel Institute Managing Director Gretta Fenner will chair the Coalition's new Anti-Corruption Expert Working Group.
** Update: After this blog was published, FinCEN announced an extension to the comment period for the proposed regulation on transactions to and from so-called unhosted wallets. See details here.**
Twenty anti-corruption investigators and financial intelligence analysts from 10 African countries completed an intensive Advanced Operational Analysis course last week hosted by the Commonwealth Africa Anti-Corruption Centre (CAACC).
Are we at a turning point in the fight to save our planet from the ravages of environmental crime and corruption?
Possibly. The ongoing pandemic, caused by a zoonotic disease, has brought home the fact that environmental degradation is already altering our lives. Hopes that this was a one-off disruption and that we could soon return to the way things were have been dashed. It is now frighteningly clear that the pace of abuse of our planet keeps accelerating and the next crisis looms around the corner.
The Basel Institute on Governance is offering a new Cryptocurrencies and Anti-Money Laundering Compliance Training course aimed at law enforcement officials, professionals in AML compliance and FinTech/RegTech fields, as well as policymakers and investigative journalists.
Delivered over four three-hour online sessions, the course covers the essentials of how to detect and prevent the use of virtual assets for illicit activities.
The Basel Institute on Governance has released a new eLearning course on Terrorist Financing.
Developed in cooperation with the Egmont Group of Financial Intelligence Units (FIUs), the course is aimed at analysts, investigators, prosecutors, representatives of FIUs and professionals in the field of anti-money laundering and counter financing of terrorism (AML/CFT).
These seven recommendations for strengthening the global response to new financial crime threats relating to cryptocurrencies arose from the 4th Global Conference on Cryptocurrencies and Criminal Finances on 18-19 November 2020.
The conference was co-organised by the Basel Institute on Governance, INTERPOL and Europol and hosted this year by INTERPOL.
The 4th Global Conference on Criminal Finances and Cryptocurrencies, co-organised by the Basel Institute on Governance, INTERPOL and Europol and hosted this year by INTERPOL, closed yesterday with a convergence around seven key recommendations for strengthening the global response to new financial crime threats relating to cryptocurrencies.