Today (7 December 2016), the Financial Action Task Force (FATF) released its latest evaluation of Switzerland. According to this FATF report, Switzerland’s regulatory framework on anti-money laundering and terrorism financing (AML/CFT) is well developed, but its application shows certain weaknesses.
For the first time, the Basel Institute on Governance, in partnership with C5, is inviting the Swiss anti-corruption and compliance community to discuss cutting-edge risk mitigation strategies at the Anti-Corruption Switzerland Conference in Zurich from 28 February to 1 March 2017.
This premier anti-corruption and regulatory compliance event has been developed by leading industry professionals and aims at providing all attendees with the best platform for networking as well as sharing and discussing new strategies in the field of anti-corruption and compliance.
On 28 April, Kenya's Attorney General’s Office and the Swiss Federal Office of Justice signed a memorandum of understanding (MOU) on international mutual assistance in criminal matters in Nairobi. The MOU will facilitate the cooperation between the two countries in investigating and prosecuting international corruption and other financial crimes.
On 21 June 2017, the Basel Institute will participate in an event during the 35th session of the UN Human Rights Council (HRC) in Geneva on innovative approaches to the implementation of sustainable development goals (SDGs).
Practitioners and policy makers from Africa and Europe met last week in Berlin, Germany, to discuss ways to further accelerate the success rate in recovering stolen assets. The event was organised by the German Ministry for Economic Cooperation and Development (BMZ) with support from the Basel Institute's International Centre for Asset Recovery (ICAR) and GIZ, and brought together representatives from Ethiopia, France, Germany, Jersey, Kenya, Norway, Switzerland, Tanzania, Tunisia, Uganda and the United Kingdom.
Im Rahmen von UNO und OECD diskutiert die internationale Gemeinschaft zurzeit intensiv, warum die meisten Entwicklungsländer nicht über ausreichend Ressourcen zur Finanzierung der für sie notwendigen Investitionen und ihrer öffentlichen Dienstleistungen verfügen. Dabei fällt das Augenmerk jeweils schnell auf die Ausgestaltung des internationalen Finanz- und Steuersystems. Mit welcher Art Investitionen kann man eine nachhaltige Entwicklung fördern?
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.
News
Switzerland to return USD 15 million in stolen assets to Peru in landmark extrajudicial agreement
Swiss authorities have executed an extrajudicial agreement signed between Peru and Montesinos' frontman.
Peruvian authorities and Víctor Venero Garrido, the main frontman of former presidential advisor Vladimiro Montesinos, signed an out-of-court settlement to return approximately USD 15 million from Switzerland to Peru. The money comes from corrupt dealings during the 1990s and the case has lasted 17 years. This is the third and largest of the five accounts located in Switzerland whose assets will be returned to Peru.