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Basel Institute to provide anti-corruption guidance services to SMEs

The Basel Institute has been awarded a mandate to provide cost- and time-effective anti-corruption guidance services to SMEs in a pioneering project piloted by the UK Department for International Development (DFID) as part of their new Business Integrity Initiative. 

The main goals of this Initiative are to attract investment into high-risk markets in Asia and Africa, tackle the supply side of bribery and use the influence of investors to engage effectively with host governments to undertake policy reforms in order to create a clean business environment. 

SMEs that meet the eligibility criteria can submit an application to receive anti-corruption guidance services in the following three areas: 

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.

Bitcoin training at Romanian-American University

In response to the recent wave of new electronic payment methods, including cryptocurrencies, the International Centre for Asset Recovery (ICAR) has developed training on money laundering using cryptocurrencies, particularly Bitcoin.

At the invitation of the Romanian-American University in Bucharest, ICAR trainers delivered training on “Money Laundering using Cryptocurrencies and International Co-operation” for students during 27–29 November 2018.

Wednesday, February 13, 2019 to Thursday, February 14, 2019

The Basel Institute on Governance, RISE Project and Organized Crime and Corruption Reporting Project (OCCRP) are holding a training workshop on Financial Investigations and Asset Recovery – “Follow the money”. Investigative journalists and representatives from law enforcement, civil society and financial institutions within Switzerland are invited to apply for the 15 free spaces available. 

The workshop is organised jointly by experts from the Basel Institute’s International Centre for Asset Recovery (ICAR) and the Journalism Development Network (JDN) in the context of a three-year initiative on “Mapping and Visualising Cross-Border Crime” funded by the Swiss-Romanian Cooperation Programme. It will be held in Basel, Switzerland, on 13-14 February 2019 and conducted in English. Please note that only applicants from Switzerland are eligible to apply for the free spaces. See full workshop and application details here.

About the workshop

The key objective of the two-day workshop is to enhance the capacity of participants from public sector law enforcement and investigative non-state actors to conduct financial investigations and apply asset-tracing techniques in relation to corruption and money laundering cases.

Participants will learn about the concept of money laundering and the use of offshore structures to conceal the beneficial ownership of illicit assets, as well as investigative techniques in relation to corruption investigations.

Emphasis will be placed on intelligence gathering and financial investigations to trace assets by using open-source information and technology tools. ICAR experts will focus on investigation techniques and the legal framework from a law enforcement perspective. Experts from RISE and OCCRP will provide case examples in exposing financial crime through the use of open sources in their capacity as investigative journalists.

This event follows from several other successful workshops held in Basel and Bucharest since 2014 and attended by diverse participants.

Basel, Switzerland

Blockchain and AML training for FinTech and compliance professionals

The Basel Institute on Governance has partnered with Zurich-based MME to offer a training course on blockchain, cryptocurrencies and anti-money laundering/countering the financing of terrorism (AML/CFT). The two-day course, FinTech AML Compliance Training, covers the essentials of blockchain and how to adapt AML/CFT processes to the FinTech industry.

Thursday, January 10, 2019 to Friday, January 11, 2019

In collaboration with the Basel Institute on Governance, the Competence Centre for Arbitration and Crime is planning a two-day workshop that brings together arbitrators, lawyers, forensics, academics, students and representatives of NGOs from around the world.

The workshop, entitled International Arbitration and Corruption: A Toolkit for Arbitrators, takes place at the Faculty of Business and Economics, Basel University, on Thursday 10 and Friday 11 January 2019.

Both in investment and in commercial arbitration, arbitrators face considerable challenges if a party alleges – or the arbitrators suspect – that corruption has influenced the underlying dispute.

  • Which laws are applicable?
  • What are the requirements for the proof of corruption in arbitration proceedings?
  • What are the legal consequences of corruption in arbitration?
  • How can arbitrators become aware of corruption in the first place?

The aim of the workshop is to follow up on the Competence Centre for Arbitration and Crime's January 2018 conference. The “toolkit for arbitrators” workshop will look in detail at how arbitrators can address these issues and find solutions in accordance with the applicable law. Key speakers and session chairs include Professor Mark Pieth, Lord Peter Goldsmith QC, Carolyn B. Lamm, Yves Fortier QC and Professor Emmanuel Gaillard.

Find out more and register now.

Faculty of Business and Economics, Basel University, Basel, Switzerland

Vacancy: Finance Taskforce Intelligence Analyst

The Basel Institute on Governance is looking for a Finance Taskforce Intelligence Analyst (Wildlife Trafficking) as of 1 February 2019. Find out more. 

Collective Action Conference 2018 sees real progress worldwide

There is a strong business case for Collective Action against corruption - and more and more companies, law enforcement agencies, international organisations and civil society representatives are willing to engage. Which is good, because we need all players around the table to achieve sustainable change. 

These were key recurring messages during the Basel Institute's 3rd International Collective Action Conference, which took place on 14-15 November 2018 at the Volkshaus Basel, Switzerland.

Tainted Assets Initiative: developing a transparent framework to address historic taint in assets

The official launch of the Tainted Assets Initiative took place on 15 November 2018 at the Basel Institute on Governance’s Conference on Collective Action. This event marks the formation of the Project’s secretariat at the Basel Institute.

With the support of the OECD Secretariat, this multi-stakeholder initiative aims to develop a practical resolution mechanism to enable companies and countries to address historic “taint”, such as a legacy of corruption, in assets they hold or wish to acquire or dispose of.


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