Overcoming the shadow economy
The Panama Papers provided proof to the world of something that had long been suspected: the secrecy havens – jurisdictions in which global financial flows were hidden in ways that not even those entrusted with enforcing the laws and regulations of countries around the world could detect – were being used by those engaged in a host of nefarious activities, from tax evasion to corruption and even to child pornography.
In a real sense, the secrecy havens facilitate these activities, because if the money flows were exposed, it would be easier to identify and prosecute the perpetrators. Though typically the managers of the banks, the lawyers who put together the impenetrable web of corporations and the public officials who pass laws ensuring secrecy may think of themselves as just "doing business" and helping them, their employees, and their country prosper, more properly these secrecy havens could be viewed as co-conspirators in these crimes.
5th Conference of States Parties to the United Nations Convention against Corruption (UNCAC)
At the upcoming UN Conference of States Parties (CoSP) to the UNCAC in Panama City during 25-29 November 2013, the Basel Institute will officially launch its most recent publication, Emerging Trends in Asset Recovery (see above under “Recent publication”). The book will be distributed at our information booth where we look forward to welcoming you.
During the CoSP, the Institute will…
Basel Institute and Government of Panama discuss the High Level Reporting Mechanism
The Government of Panama will evaluate the implementation of a High Level Reporting Mechanism (HLRM), through a pilot project in collaboration with the Basel Institute on Governance and the British Embassy in Panama.
Mark Pieth and Gemma Aiolfi of the Basel Institute met with Vice President Isabel de Saint Malo de Alvarado and several government ministers on Wednesday, 11 February 2015…