The Framework for the Return of Assets from Corruption and Crime in Kenya (FRACCK), agreed and signed by the Governments of Kenya, Jersey, Switzerland and the UK in 2018 with support from the Basel Institute's International Centre for Asset Recovery (ICAR), is already generating strong interest for its "innovative" and "novel" approach to asset return.
These were the words of Brigitte Strobel-Shaw, Officer-in-Charge of the Corruption and Economic Crime Branch of the UNODC, during a May 7-9 International Expert Meeting on the Return of Stolen Assets.
All the major financial centres have experienced a rise in anti-money laundering rules and regulations. Initially, anti-money laundering laws were used as a weapon in the war on drugs, whilst more recently they have been deployed in the ongoing fight against terrorism. These developments, the authors reveal, have had serious consequences for banks and other financial institutions – affecting not only profit margins but also the way in which business is conducted.
Transparency in the extractives sector is widely seen as a key tool for improving accountability and deterring corruption. Yet for those very reasons, it is a puzzle that so many governments in corruption-prone countries have voluntarily signed up to greater scrutiny in this area, by joining the Extractive Industries Transparency Initiative (EITI).
The Basel Institute’s governance team has been working with the Institute on Nursing of the University of Basel in support of an SDC-funded project aimed at strengthening the nursing sector in Bosnia and Herzegovina (BiH). Using the Basel Institute’s unique “Power and Influence Analysis”, a political economy methodology, the aim is to assist the project team in determining more effective strategies, including specific projects, for enhancing the health and governance sector in BiH.
As part of the International Business Law LLM programme at the Europa Institute of the University of Zürich, the Institute’s compliance specialist, Gemma Aiolfi, also the Institute’s Head of Corporate Governance, Compliance & Collective Action, gave lectures on the topic of Corporate Criminal Law. This course module was offered for the first time in English to law students from around the world.
The course topics covered included corporate criminal liability, compliance and corruption.
The Basel Institute has joined the recently established Swiss National Compliance Roundtable. The aim of the Roundtable is to develop national standards of education and training for persons interested in Compliance with a view to raising and setting standards and qualifications.
A presentation will be made at the end of January 2014 to interested parties in the private sector, government and academia, which will outline the proposals for further work.
In mid 2014, Ms Gemma Aiofli, Head of Compliance and Corporate Governance was elected board member of Ethics and Compliance Switzerland (ECS). This newly established organisation is the first cross-industry and cross-sectorial association in Switzerland promoting ethical leadership and organizational integrity.
To date the ECS counts 14 organisational and 40 individual members. On 2 October 2014, the Basel Institute will be hosting the ECS’s kick-off meeting to discuss the development of the SME Compliance Tool Kit. The meeting is open for all interested parties.
The Basel Institute on Governance supported the London based events organiser C5 in the organisation of an anti-corruption conference in Switzerland. The event attracted compliance and ethics professionals from various backgrounds and took place in Zurich from 28 February to 1 March.
On 24-25 October 2013, in coordination with the Swiss Federal Department of Foreign Affairs, the International Centre for Asset Recovery organised and hosted a two-day workshop on the topic of "Returning Stolen Assets." The workshop took place in Küsnacht (Zürich), Switzerland.