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.

This Working Paper aims to contribute to the international policy dialogue on the link between asset recovery and countries’ pursuit of the Sustainable Development Goals.

It contends that supporting countries in recovering stolen assets and promoting sustainable development are mutually reinforcing. It also aims to correct the false reputation of asset recovery as a very technical legalistic field of development cooperation, and to generate broader understanding of the far-reaching role that asset recovery can play to foster development.

Following ICAR’s Advanced Operational Analysis training workshop at the Financial Intelligence Unit of Ecuador (UAFE) from 13–17 May 2019, a panel comprising representatives of the UAFE, the Attorney General’s Office (AGO) and the Anti-money Laundering Unit of the National Police of Ecuador discussed the challenges of coordinating and harmonising efforts to fight money laundering and asset recovery. 

What is illicit enrichment in a nutshell?

The UN Convention Against Corruption (UNCAC) defines illicit enrichment as a “significant increase in the assets of a public official that he or she cannot reasonably explain in relation to his or her lawful income”.

Also known as “unexplained wealth” or “unjust enrichment”, it legally applies in some countries to private individuals as well as public officials. It can refer to an amount of assets that a person has acquired as well as an excessive standard of living that they may be enjoying.