Second specialised regional training for R2G4P members: Innovative tools and methodologies for tracking illicit financial flows, state capture and corruption

In order to increase the capacity of its civil society and government partners to monitor, diagnose and tackle corruption risks, the R2G4P initiative is holding its second internal three-day regional training on 18-20 May 2020 in Budapest. While the first training was structured around the initiative’s key methodologies, the current one explores new topics and areas, such as:

  • The conceptual framework of illicit finance and offshore wealth;
  • The role of the Financial Intelligence Units in the fight against illicit finance, money laundering and terrorist financing;
  • The use of statistical and big data for assessing corruption risks in public procurement, detecting irregularities in politically-connected companies and improving the process of checking asset declarations;
  • The methods to create and use online surveys to assess corruption and anti-corruption;
  • Best practices for achieving impact through policy research and advocacy.

During the first day of the training, the speakers underlined the need of stronger money laundering controls, automatic exchange of tax information, public disclosure of beneficial ownership, cash-payment limits and country level reporting of company revenues. The detection of illicit financial flows and prevention of profit shifting towards tax heavens could further be achieved through stricter and more regular monitoring over shell companies, the mispricing of invoices, and the transactions with large denominations banknotes and cryptocurrencies. The new Anti-Money Laundering Authority (AMLA), proposed in July 2021, could provide solutions to these long-standing issues, through EU level supervision over large financial institutions, as well as through support of joint analysis, prioritization of cases and their follow up.

The knowledge gained during the training will be used by the members of the R2G4P initiative, as well as its collaborators and supporters, in order to further expand and deepen the produced analyses. It will also provide recommendations on how to initiate a constructive dialogue with the national and EU-level policy-makers in finding viable solutions to new emerging governance problems.

Agenda

Presentation by Dr. Rodrigo Fernandez, Senior Researcher, SOMO, the Netherlands 

Photo Gallery

Second specialised regional training for R2G4P members: Innovative tools and methodologies for tracking illicit financial flows, state capture and corruption, 18 May 2022Michele Riccardi, Deputy Director and Senior Researcher, TranscrimeDr. Vanya Petrova, Senior Analyst, Economic Program, Center for the Study of Democracy Aneta Arnaudovska, Senior Anti-corruption Advisor, Regional Anti-Corruption Initiative

Viktor Ivanov, Policy Officer, Anti-Money Laundering and Countering Financing of Terrorism, DG FISMA, European Commission

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