Basel Institute on Governance 196d ago

Grand corruption schemes often involve politically exposed persons and influential business actors who exploit global financial systems to move, disguise and repurpose illicit assets. Detecting these cross-border networks – whether as an investigator, journalist or researcher – requires a clear understanding of how illicit financial flows operate. This webinar explores two mechanisms at the core of grand corruption: 1️⃣ Money laundering – widely known, yet increasingly complex in a globalised financial system. 2️⃣ Money dirtying – a lesser-known process in which legal funds are covertly transformed into bribes or illicit resources. In Part II, Giorgia Cascone presents comparative findings from 42 grand corruption case studies analysed within the EU-funded FALCON project. Moving beyond a single case, she identifies recurring patterns in how corrupt networks generate, move and conceal funds. The analysis highlights why grand corruption cannot be understood through a single typology alone and why integrating both money dirtying and money laundering into one financial framework is crucial for effective detection and prevention. Speakers: Noémi Jäger, Associate, Prevention, Research and Innovation, Basel Institute on Governance (moderator) Dr Jacopo Costa, Senior Specialist, Prevention, Research and Innovation at the Basel Institute on Governance Giorgia Cascone, Researcher at Transcrime 👉 Watch Part I with Dr Jacopo Costa here: https://youtu.be/nn0sYeht1mU ⏱️ Timestamps 00:00 Introduction 03:39 The study and methodology 06:20 Case studies 10:40 Transnational dimension 13:53 Conclusions 16:58 Q&A Hosted by the Basel Institute on Governance in collaboration with @transcrime_unicatt under the EU-funded FALCON project.