** 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.**
The next Cryptocurrencies and Anti-Money Laundering Compliance Training course, scheduled to take place online from 8–11 February, is now open for registration.
This case study and Q&A looks at a recent UK Business Integrity Initiative-funded project in Ghana to create and implement 10 service delivery charters for government licensing and approval authorities through a Collective Action approach. The project was carried out by the Ghana Integrity Initiative, which is the local chapter of Transparency International, in collaboration with the Private Enterprise Federation.
In this short video, Gabriel Cifuentes, former Secretary of Transparency in the Office of the President in Colombia, talks about his experience in implementing the second High Level Reporting Mechanism (HLRM) to ensure a clean procurement process for the construction of the Bogotá Metro.
Publication
The G20’s responsiveness to B20 anti-corruption recommendations 2010–2017. Part I: Baseline report
How effectively does the Business 20 (B20) process channel recommendations on anti-corruption from the business community up to the Group of Twenty (G20) leaders? Are there ways to increase the uptake of B20 recommendations by the G20 Anti-Corruption Working Group (ACWG) and in the final Communiqué at the G20 Summit?
How effectively does the Business 20 (B20) process channel recommendations on anti-corruption from the business community up to the Group of Twenty (G20) leaders? Are there ways to increase the uptake of B20 recommendations by the G20 Anti-Corruption Working Group (ACWG) and in the final Communiqué at the G20 Summit?
This report examines the corporate governance practices of 100 corporations operating in South Africa. Its methodology and findings highlight the importance of active engagement in Collective Action as part of anti-corruption compliance programmes and reporting.
The press release summarises the recommendations as follows:
The report concludes that the fight against corruption cannot be waged within individual corporations alone, but must extend across a broad scope of organisations, within and outside the business sector.
The Basel Institute’s Collective Action team has facilitated the co-development of a set of indicators that health care companies may wish to consider when reporting on the effectiveness of their anti-corruption efforts to external stakeholders.
The guidance note containing the indicators was developed over seven months by a group of health care companies under an innovative project of Norges Bank Investment Management.
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.