The 4th Global Conference on Criminal Finances and Cryptocurrencies will take place this year on 27–28 May 2020 at the Interpol Global Complex for Innovation in Singapore.

Co-organised by the Basel Institute on Governance, Interpol and Europol, the conference gathers cryptocurrency experts, money laundering investigators and other law enforcement representatives from around the world. Over the two days, they'll debate the latest tricks and trends in cryptocurrency-enabled crimes.

“Follow the money!” Everyone’s talking about it, especially in relation to corruption, fraud and organised crime.

What does “following money” actually mean in this context? How do we do it in practice? And what are some of the wider possibilities?

Tracking down high-level criminals and their networks

“Follow the money” is a snappy way to say: investigate financial transactions and use them to extract information or evidence about a crime, suspect or criminal network.

Opening remarks and a presentation of key concepts by Oscar Solórzano at the side event “Living up to the spirit of articles 43 and 46 UNCAC” during the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption, Abu Dhabi, 16-20 December 2019.

Ladies and gentlemen, let me please welcome you to the side event “Living up to the spirit of articles 43 and 46 UNCAC”.

Four graduates of our successful train-the-trainer programme have delivered high-impact training to over 300 law enforcement professionals in Tanzania and Zanzibar over the last year.

Between them, the trainers – themselves anti-corruption practitioners – have delivered multiple intensive training seminars and introductory courses on financial investigation, anti-money laundering, asset recovery and mutual legal assistance.

Recovering criminals’ ill-gotten assets, i.e. confiscating property, cars, yachts, cash and other funds gained through corruption or other acquisitive crimes, is a big topic in law enforcement. Among other benefits, asset recovery acts as a deterrent against crime and makes a clear public statement that illicit wealth will be targeted and returned to the public treasury.

There is much discussion and numerous publications about how we recover illegally gained wealth through a legal process in the court system. How to find the assets in the first place gets less attention.