Peru’s non-conviction based confiscation law is a crucial element in the country’s asset recovery toolkit, emphasised the country’s Special General Public Prosecutor, Dr. Daniel Soria Luján, following a three-day training course for 32 Peruvian prosecutors.
The virtual training was focused on Extinción de dominio, the country's non-conviction based confiscation law, whose implementation the Basel Institute is supporting through technical assistance and capacity building.
The use of virtual assets such as cryptocurrencies has expanded hugely around the world. Thousands of new users are added each day, and more individuals now use cryptocurrencies than trade on stock exchanges. Yet, as with all emerging technologies, there are risks that cryptocurrencies can be used for illegal activity such as money laundering and terrorist financing.
The ability to forge personal relationships and network with counterparts from other professions and agencies was somewhat lost during the pandemic restrictions. But the latest International Centre for Asset Recovery (ICAR) training programme delivered in Malawi was a strong reminder of just how important this personal networking is in the fight against corruption.
More than 860 public officials from 20 cities across Peru have completed a five-week virtual training course of the Subnational Public Finance Management (PFM) Programme, which our Lima-based team implements under the Swiss-Peruvian SECO Cooperation.
Our International Centre for Asset Recovery training team has delivered another virtual version of our flagship Financial Investigations and Asset Recovery training programme to 19 anti-corruption officers from 14 African countries.
The training was provided at the request of the Commonwealth Africa Anti-Corruption Centre (CAACC) and funded by the African Development Bank. The virtual delivery took place using video conference and the Basel Institute’s LEARN platform.
The next Cryptocurrencies and Anti-Money Laundering Compliance Training course, scheduled to take place online from 8–11 February, is now open for registration.
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).
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.
On 28 October 2020, Uganda registered a landmark judgment in the case of Uganda v Geoffrey Kazinda. Although there have been a couple of other previously prosecuted illicit enrichment cases, the Kazinda case is the most significant because of the vast sum of money involved: a total of UGX 4,630,195,258 (over USD 1,252,600).
Officials from Tunisia’s Financial Analysis Commission (TFAC), National Guard, and Customs and Economic Brigade are the latest to have undertaken our intensive training programme on cryptocurrency and money laundering.