Law students at the University of the Western Cape in South Africa were surprised when a two-day course on corruption and money laundering by Professor Mark Pieth and Kathrin Betz turned out to involve acting out roleplays and working on a simulated money laundering case.

Role-playing a corruption case

Acting as prosecutors, defence lawyers and judges, the students first had to resolve a corruption case by applying the UN Convention Against Corruption (UNCAC).

Mark Pieth, Professor of Criminal Law at the University of Basel and President of the Board of the Basel Institute on Governance, offers an insight into the topic behind his latest book, Gold Laundering.

What is gold laundering?

On its way from the ground to your wedding ring or mobile phone, gold passes through a chain of transactions and transformations. It is traded, collated, processed, shipped or smuggled across borders – all multiple times by different actors - and then refined.

**UPDATE** The conference has been postponed until 22-23 September due to travel restrictions relating to the coronavirus emergency. 

The 4th Global Conference on Criminal Finances and Cryptocurrencies will take place this year on 22–23 September 2020 (previously 27–28 May 2020) at the Interpol Global Complex for Innovation in Singapore.

“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.

Over 80 arbitrators, lawyers and experts from around the world gathered at the University of Basel on 10 January 2020 to tackle the thorny issues of corruption and money laundering in international arbitration.

Corruption and money laundering affecting an underlying dispute are a considerable challenge for arbitrators and parties in investment and commercial arbitration. 

If corruption and/or money laundering is established, arbitrators need to decide about the legal consequences for the parties’ claims.