The United Nations World Data Forum which builds a pathway to better data for sustainable development, and which took place in Hangzhou at the end of April, offered a moment to reflect on data availability across the Sustainable Development Goals framework, including SDG 16.4.
Indirect return mechanisms describe the practice of returning recovered money across borders indirectly via third-party entities that stand between cooperating governments. These entities might be called in to aid in the negotiations, as well as in the process of the distribution of the returned assets, especially in situations where there are challenging relationships between the negotiating governments and when the receiving countries lack the necessary corruption controls to mitigate the risk of re-looting the assets.
Reconciliation agreements are a way for states to recover assets obtained through corruption by entering into deals with persons involved in corruption, whereby money is given to the state in exchange for amnesty from prosecution for the original crime.
While sanctions lists have grown this year primarily due to new listings in connection to individuals linked to Russia’s invasion of Ukraine, anti-corruption sanctions have not been forgotten. As CiFAR launches its updated Sanctions Watch platform today, which tracks individuals sanctioned for reasons related to corruption, this blog takes stock of this year’s changes in key anti-corruption sanctions lists across different jurisdiction
The aim of this webinar will be to explore the new possibilities and hurdles that the anti-breach legislation brings for the public and the private sector.
Between the 7 – 9 November 30 civil society organisations, engaged on asset recovery from across the world, came together in Nairobi to discuss priorities in asset recovery with a particular focus on the priorities of the Global South and countries typically designated as ‘countries of origin’ - countries where the predicate offence(s) occurred - in international asset recovery cases.
This report assesses the efficiency of Unexplained Wealth Orders (UWOs), primarily as existing in UK legislation, in advancing asset recovery and the fight against grand corruption. The report introduces the UWO legislation, explores how, when and where UWOs have been used to date, and also reflects on transparency and accountability considerations. In the process, it contemplates the involvement of civil society and the impact of UWOs on the countries where the corruption originated and compares them to other, similar tools.
The first Global South Forum on Asset Recovery (GSF) is taking place in Nairobi, Kenya on 7-9 November. The Global South Forum is organised by the Civil Forum for Asset Recovery (CiFAR) and it is a first-of its-kind civil society-led meeting aimed at discussing current issues, challenges and opportunities presented by ongoing cases of asset recovery with a focus on the perspective of civil society from the Global South.
In this webinar, we would like to look at the lessons learnt from the past in confiscating sanctioned assets, at how new initiatives can remedy existing challenges, as well as at ways in which countries are already attempting to confiscate Russian and other foreign assets.
The Kenyan government has been engaged in more recent years in cross-border asset freezing, confiscation, and return of the proceeds of corruption. Nevertheless, it is not lost on many that to a large extent, international cases have begun due to the proactivity of the countries holding stolen Kenyan assets. An example of this is the return of USD 349,057 following the successful case against in the UK against the company Smith & Ouzman for bribery, for which no convictions have yet been handed down in Kenya.
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