CiFAR's research paper, launched today, scrutinizes Kenya's asset management landscape, focusing on the legal and institutional structures in place. Leveraging insights from our previous research, the analysis identifies persistent challenges in asset management across a) the freezing / seizure, and b) the final confiscation/disposal stages of asset recovery.
How is illicit finance affecting the housing market in cities, what can cities do to challenge illicit financial flows that are affecting their real estate markets and what is the role of real estate agents in this? While these are typically questions thought of in global financial centres – think London, Paris or Hong Kong – these are increasingly becoming questions for cities that are regional hubs for illicit finance. These regional hubs are facing similar challenges in terms of the rapid development and purchase of hotels, casinos and other buildings funded through illicit finance, with consequences for housing, social and urban development policies.
The CAPAR Civil Society Network, Civil Forum for Asset Recovery (CiFAR) and Transparency International, co-hosted a two-day workshop on the Common Africa Position on Asset Recovery (CAPAR) and Asset Recovery in Africa, held in Nairobi, Kenya on April 25-26, 2024. It brought together policymakers, regional bodies, and civil society organizations (CSOs) to engage in collaborative dialogue on enhancing asset recovery efforts in Africa.
On the 25th and 26th April 2024, regional bodies, parliamentary networks, asset recovery interagency networks, and civil society representatives will gather in Nairobi, Kenya for the Regional workshop on the Common Africa Position on Asset Recovery (CAPAR) and Asset Recovery in Africa.
Illicit financial flows (IFFs) are a significant obstacle to Africa’s development, as they drain essential resources. To confront this challenge, the African Union took concrete steps, starting with the adoption of the Special Declaration on Illicit Financial Flows in January 2015.
Today CiFAR and Transparency International Venezuela launch two new reports: Management and Oversight of Independents Return Funds: International Experiences and Lessons Learned for Venezuela & Best Practices for Independent Return Funds: Lessons Learned for Venezuela.
CiFAR y Transparencia Internacional Venezuela lanzan hoy dos nuevos informes: Gestión y fiscalización de Fondos de Retorno Independientes: Experiencias internacionales y lecciones aprendidas para Venezuela & Buenas prácticas para el manejo por terceros de los activos recuperados: Lecciones aprendidas aplicables a Venezuela.
Today, CiFAR has launched its new strategy – Ready for Action. Our strategy builds on the work we have done since 2016 to support more citizen and civil society engagement in asset recovery and looks to further position us as leaders in forward thinking about transparency, accountability and participation in the recovery of the proceeds of corruption.
To answer this question, CiFAR has recently conducted research published in a report From Sanctions to Investigations. Legislation, policy and practice linking investigations into the origins of sanctioned assets and recommendations for governments to strengthen the investigation and confiscation of sanctioned assets in From Sanctions to Investigations. Policy brief and recommendations.
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