News

October 2019

Does your company do business in emerging markets? Wouldn’t it be helpful if you could really rely on the certification of a local business partner in those markets? If you know you can trust the certifier and the certification process, due diligence will be quicker and easier.

March 2019

For those who are not at the 3rd Global Conference on Criminal Finances and Cryptocurrencies today and tomorrow, here is a taster – opening remarks by Federico Paesano, Senior Financial Investigation Specialist at the Basel Institute on Governance, which is co-organising the event.

Let me thank Europol for hosting us today at its unique premises and for the excellent organisation of the event, as always. 

Due diligence services provided by selected governments

Authors: 
Zenobia Ismail
Publication year: 
2019
Publisher: 
K4D Helpdesk
Abstract: 

This report, which was prepared for the Knowledge, Evidence and Learning for Development (K4D) Helpdesk service of the UK Department for International Development (DFID), answers the following questions:

  • What due diligence services do governments in the USA, Netherlands, Switzerland and Germany offer to companies?
  • How do they work?
  • What is the impact on enhancing business integrity? 

Overview:

This report explores the due diligence services provided to companies by governments in Germany, the Netherlands, Switzerland and the US. Of these countries, only the US government provides due diligence services. 

 

The US Department of Commerce, through its network of export advice centres, provides due diligence services in the form of international company profiles for some countries for a fee. The Netherlands and Germany provide online self-service tools to help businesses undertake due diligence risk assessments. The Swiss government provides general advice to businesses but this assessment was unable to find any evidence of services or online tools to help Swiss firms to undertake due diligence. 

 

All members of the Organisation of Economic Co-operation and Development (OECD) (including Germany, the Netherlands, Switzerland and the US) signed the OECD Anti-bribery Convention and are obliged to report on the progress that they have made in terms of implementing the OECD guidelines on bribery and corruption (Bühr & Seitz, 2015). The content of these reports indicates that implementation is gauged in terms of the number of prosecutions as well as legislative amendments which facilitate the enforcement of the laws which prohibit bribery.

 

Although the reports include a description of government efforts to raise awareness of the perils of bribery and corruption among the business sector, it is evident that helping firms undertake due diligence is not a priority for implementation.

Tags: 
March 2019

The Basel Institute's cryptocurrency expert, Federico Paesano, delivered a successful open training course on blockchain, cryptocurrencies and AML/CFT this week in collaboration with Zurich-based MME and its Senior Compliance Advisor, Chris Gschwend.

The two-day course, FinTech AML Compliance Training, covered the essentials of blockchain and how to adapt AML/CFT processes to the FinTech industry.

October 2019

The newly established Public Finance Management Experts Network (PFM Experts Network) in Peru met in the capital Lima this week, in yet another demonstration of bottom-up momentum in improving long-term Public Finance Management capacity in Peru.

February 2019

An exciting opportunity to work with one of the most interesting Collective Action initiatives currently around:

BSR is looking for a new Collective Action Manager with a focus of scaling MACN´s collective action projects in West Africa in an effective and cost-efficient way to promote trade and transparency and to drive private-sector leadership on combating corruption in the port and maritime sector. The Collective Action Lead reports to the MACN Program Director and will be based in Copenhagen. 

March 2019

Article by Federico Paesano, Senior Financial Investigation Specialist, Basel Institute on Governance, following last week's Global Conference on Criminal Finances and Cryptocurrencies co-organised by the Basel Institute on Governance, Interpol and Europol.

When I and the other founding members of the Working Group on Cryptocurrencies and Money Laundering first started talking about blockchain and anti-money laundering/countering terrorist financing (AML/CFT) back in 2014, it was a tiny niche.

February 2019

The Basel Institute's Vice-President, Prof. Dr. iur. Anne Peters, has published an illuminating paper on "Corruption as a Violation of International Human Rights". 

Published in the European Journal of International Law, the article asks two basic questions:

  • Can we legally view corruption as a violation of human rights?
  • Should we?

Peters' clear writing and examples make this an essential read for anyone concerned about corruption, human rights and the link between the two.

March 2019

We congratulate Paola Bustamante on her recent appointment to the position of Minister for Development and Social Inclusion in the Peruvian Government. Having first-hand experience of her personal and professional qualities, we are convinced she will perform excellently in this important role.

September 2019

Within the context of a three-year initiative on "Mapping and Visualising Cross-Border Crime” funded by the Swiss-Romanian Cooperation Programme and launched in 2014, experts from the Basel Institute’s International Centre for Asset Recovery (ICAR) and the Journalism Development Network (JDN) conducted their 6th and final workshop on Financial Investigations and Asset Recovery – “Follow the money” in February 2019.

March 2019

We are looking for an IT professional or work student ("Werkstudent") to support the Basel Institute in all IT-related matters.

The role includes providing first-level IT support, maintaining computer and network systems and managing the roll-out of new tools and applications. We're ideally looking for someone with good English and German and experience in Apple computers and devices, plus server administration and network maintenance.

February 2019

The Basel Institute’s International Centre for Asset Recovery (ICAR) continues to support DFID’s Tackling Serious Organised Corruption (TSOC) programme in Malawi by enhancing local capacity to investigate, prosecute and adjudicate complex financial cases, including money laundering.

ICAR trainers conducted a second five-day workshop in Lilongwe from 28 January to 1 February 2019, covering financial investigations, asset tracing/forfeiture and Mutual Legal Assistance. This followed a successful first workshop in July 2018.

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