A new framework for asset recovery?

“A robust international framework for quick restitution of stolen assets is long overdue” Yemi Osinbajo, Vice President of Nigeria at the OECD, 30 March 2017.   Last week we were at the OECD for the 2017 Global Anti-Corruption and Integrity Forum, an event billed as a follow-on to the 2016 London Anti-Corruption Conference and bringing[…]

The deal of the century

It was 2011 when Hussein Salem fled Egypt to Spain. He had been accused by the new, transitional authorities of having profited through his connections with the regime of Hosni Mubarak to the tune of several billion dollars in corrupt assets. Hussein Salem was a business tycoon, known as the ‘Father of Sharm El Sheikh’[…]

Beyond destinations, havens and victims

When we talk about the theft of public assets and their return, we often get into a discussion of ‘destination countries’, ‘tax havens’ and ‘victim countries.’ These terms roughly correspond in most of our minds to: Destination countries: Rich, developed countries with steadily increasing property markets and stable banks Tax Havens: Island nations with large[…]

The Panama Papers: What next for civil society?

The amazing work done by the Süddeutsche Zeitung, the International Consortium of Investigative Journalists and all the journalists around the world who contributed to the release of the 2.6 terabytes of Panama Papers has revealed the murky world of global financial systems. The leaks and analysis reveal the web of companies and tax havens used[…]