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.

The Basel Institute has been collaborating with the OECD’s Trust in Business Initiative on an innovative project to build anti-corruption capacity in state-owned enterprises (SOEs).

Compliance without Borders is a project co-developed with industry leaders under the B20 Argentina presidency. It brings together experienced compliance experts via short-term secondments to SOEs to help them build their compliance capacity and address corruption-related risks.

Gemma Aiolfi, Head of Compliance and Collective Action, explains that anti-corruption compliance doesn’t have to be complicated. Even small and mid-sized companies can easily build the basics of an effective anti-corruption compliance programme.

Find out five simple things a business leader can do to raise integrity in an organisation.

View the quick guide online here.

Swiss politician and businesswoman Magdalena Martullo-Blocher once confronted her managers with a strange question: “What do you do when the beamer [projector] breaks down?” She was looking for creative solutions to a relatively minor problem, though this seemed to baffle her team when she asked the question.

She certainly wasn’t demanding a business continuity plan, which is on an altogether different scale compared to a broken projector.

**This event has been postponed due to the coronavirus. We will issue an update as soon as we know when we can hold the event.**

The University of Basel's Law Faculty will host Basel Gold Day on Friday, 8 May.

Led by Mark Pieth, Professor of Criminal Law and President of the Basel Institute on Governance, the workshop will gather gold industry leaders and experts to explore "How to obtain clean gold: the consumer perspective".

Die Schweiz ist der global wichtigste Standort für die Raffination von Gold. Jahr für Jahr werden circa 2200-3100 Tonnen Rohgold in die Schweiz importiert. Der Grossteil der Importe ist auf die Geschäftstätigkeit der hiesigen Goldraffinerien zurückzuführen. Sie sollen gemeinsam rund 50-70% der weltweiten Goldproduktion in die Schweiz importieren, um daraus Goldbarren, Halbfabrikate und andere Güter herzustellen. 

Switzerland is the world leader in gold refining. Of the roughly 2,200–3,100 tonnes of raw gold imported into the country each year,  the majority is destined for Swiss gold refineries. Together these companies are estimated to refine 50–70 percent of the world’s gold production, transforming it into gold bars, semi-finished products and other goods.