Someone once said that the more knowledge is freely shared, the more it grows. Our free eLearning courses on asset tracing, intelligence gathering and financial analysis exemplify this idea.

Here are some of the benefits of online courses for financial investigators, analysts and others who need to acquire and practise these complex skills.

Practically every country has a Financial Intelligence Unit (FIU) and it plays a vital role in combating money laundering and other financial crimes. Yet there is often confusion – even among anti-corruption authorities – about how it works, what it can and can’t do, and what value it brings. Here is a very quick overview.

A vital buffer role

One major role of an FIU is to help filter out potentially illegal financial transactions that should be further investigated by the police or other competent law enforcement authority.

We congratulate Jersey's Attorney General, Robert MacRae QC, for his success in a landmark case that has upheld the Attorney General’s powers to obtain documents by compulsion in cases of suspected serious or complex fraud.

The Privy Council ruled in favour of the Attorney General in the Volaw/Larsen case, in which the defending company had refused to provide documents required for a fraud investigation on the grounds that this violated its privilege against self-incrimination protected by Article 6 of the European Court on Human Rights.

An exclusive interview with Elmer Chirre Castillo (photo: right), Provincial Prosecutor of the Third Anti-Corruption Supraprovincial Prosecutor's Office of Lima. 

By Oscar Solorzano (photo: left), Senior Asset Recovery Specialist and Country Manager for the Basel Institute's Peru country office.

Sophisticated and complex financial crimes span the globe. “Following the trail of the money” can involve many jurisdictions, each with their own laws and practices, and varying capacity or willingness to cooperate internationally.

Fighting corruption and money laundering, and recovering criminal proceeds, are therefore complex challenges. Specialised legal, financial accounting, analytical and investigation skills are essential.