Working Paper 14: Using Money Laundering Investigations to Fight Corruption in Developing Countries
Anti-money laundering systems have the potential to curb the use of proceeds of corruption and other crimes by the perpetrators. An effectively implemented anti-money laundering framework limits the channels through which illicit funds can be laundered, making crime riskier and reducing the incentives for corrupt activities.
However, those who stand to benefit from corruption have strong incentives to block anti-money laundering programmes. In addition, these programmes face significant obstacles to effectiveness in most developing countries. Relevant institutions do not trust each other sufficiently to share information necessary for investigations. Counties lack qualified staff and necessary resources, and slow bureaucratic procedures are unable to keep up with the speed of financial transactions.
This paper explores these and other domestic obstacles and suggests strategies to overcome them, based on an analysis of the situations in Albania and Tanzania.
About this Working Paper
This paper is part of the Basel Institute on Governance Working Paper Series, ISSN: 2624-9650.
Fighting Corruption in the Western Balkans and Turkey: Priorities for Reform
Since the early 1990s, with the ever-increasing prospect of integration into the European Union, the countries of the Western Balkans and Turkey have taken important steps to develop and strengthen their anti-corruption systems. Progress has been slow, however, and the implementation of laws and policies lags far behind what is envisaged on paper.
This report is based on the findings…
Basel Institute to provide technical support to health reform project in Albania
The Basel Institute has been requested to provide technical expertise and support on a public governance project aimed at supporting Albania’s efforts to reform its health system (“Support to Health Reform for Inclusive Access and Better Quality of Service Program in Albania”). The Swiss Tropical and Public Health Institute (STPH) is spearheading the project with funding support from the Swiss…
Supporting the Health For All Programme in Albania
An expert from the Basel Institute's Public Governance Division has provided technical support to the "Health For All Programme (HAP) Albania", led by the Swiss Tropical and Public Health Institute.
The aim of the programme is to assist Albania with the development of an anti-corruption strategy in association with their efforts at strengthening primary health care in the country.