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).
Manuel Medina, specialised Intelligence Analyst for our Illegal Wildlife Trade programme, sets out the basics of intelligence analysis and why we do it. Key questions are:
Given the vast dimensions of the multibillion-dollar illegal wildlife trade (IWT), it may be surprising that until recently, global efforts to tackle IWT came mainly from the conservation sector. This has typically consisted of numerous donor-funded efforts to catch poachers and raise public awareness of the plight of endangered species.
Valuable as those efforts are, they do little to impact the organised crime networks, corruption and illicit financial flows that allow the lucrative illegal trade in wildlife products to continue.
The Basel Institute is delighted about and welcomes the Wolfsberg Group's endorsement of the United for Wildlife Financial Taskforce Mansion House Declaration. This is a significant step in gaining the active support of the financial sector in combating the multibillion-dollar illegal wildlife trade.
The Basel Institute is the implementing partner of the intelligence-sharing mechanism of the United for Wildlife Financial Taskforce, a groundbreaking initiative of the Royal Foundation.
A fundamental priority for law enforcement authorities dealing with financial crime is to recover illegally obtained assets and deny criminals access to the proceeds of their crime. The recovery of illegally obtained assets, however, requires first to successfully trace them.
It has been estimated that roughly 1.6 trillion USD in criminal proceeds are laundered through the international financial system each year. To put this in perspective, this sum is more than the combined GDPs of Switzerland, Portugal, Romania, Belarus, and Austria in 2011.