Category: Asset Recovery

FINANCIAL INVESTIGATIONS AS A FIRST STEP TO RECOVER SANCTIONED ASSETS

Posted on by Lucia Cizmaziova

Is it possible to confiscate sanctioned assets and use them for public good? How to do this quickly and without compromising the rule of law? These are some of the questions that CiFAR has been trying to understand since the freezing of Tunisian, Egyptian and Ukrainian assets under the EU’s misappropriation sanctions. These questions became Read more about <strong>FINANCIAL INVESTIGATIONS AS A FIRST STEP TO RECOVER SANCTIONED ASSETS</strong>[…]

Written by:
Lucia Cizmaziova on 13/07/2023.

Statement of the CAPAR Civil Society Network at the Continental Symposium on AUCPCC, 20 Years After: Achievements and Prospects

Posted on by CiFAR

Arusha, 10 July 2023 The CAPAR Civil Society Network, formed of civil society organisations across Africa and facilitated by CiFAR – Civil Forum for Asset Recovery, congratulates the African Union on the successful organisation of the “Continental Symposium on AUCPCC, 20 Years After: Achievements and Prospects”. The CAPAR Civil Society (CSO) Network was formed at Read more about <strong>Statement of the CAPAR Civil Society Network at the Continental Symposium on AUCPCC, 20 Years After: Achievements and Prospects</strong>[…]

Written by:
CiFAR on 10/07/2023.

Asset recovery data availability – small steps forward

Posted on by Lucia Cizmaziova

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. As we have written before, there is currently no indicator that Read more about Asset recovery data availability – small steps forward[…]

Written by:
Lucia Cizmaziova on 12/05/2023.

Returning assets indirectly through third-party entities

Posted on by Lucia Cizmaziova

Read our new report – Indirect Asset Return Through Third-Party Entities 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 Read more about Returning assets indirectly through third-party entities[…]

Written by:
Lucia Cizmaziova on 16/03/2023.

Recovering assets through reconciliation agreements

Posted on by Jackson Oldfield

Read our new report – Reconciliation agreements and asset recovery 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. For states involved in long and Read more about Recovering assets through reconciliation agreements[…]

Written by:
Jackson Oldfield on 09/03/2023.

WEBINAR: Enforcing sanctions successfully and using fines for the public good.

Posted on by Lucia Cizmaziova

Online event: 25 January 2023, 16:00 – 17:15 CET Event link Background The successful enforcement of sanctions relies on the action and compliance of a range of actors across cooperating jurisdictions, from financial institutions to the business sector. Several jurisdictions have, or are thinking of introducing, legislative or policy tools to ensure and respond to Read more about WEBINAR: Enforcing sanctions successfully and using fines for the public good.[…]

Written by:
Lucia Cizmaziova on 15/12/2022.

Unexplained Wealth Orders: A New Tool for Asset Recovery?

Posted on by Lucia Cizmaziova

CiFAR has launched a new report Unexplained Wealth Orders: A New Tool for Asset Recovery? 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 Read more about Unexplained Wealth Orders: A New Tool for Asset Recovery?[…]

Written by:
Lucia Cizmaziova on 10/11/2022.

WEBINAR: Opportunities for the confiscation of sanctioned assets.

Posted on by Lucia Cizmaziova

Online event: 3 November 2022, 16:00 – 17:15 CET Event link Link to the webinar recording Background Sanctions imposed on Russian individuals in the aftermath of the invasion of Ukraine in February 2022 once again highlighted the issue of the vast amount of assets of illicit origin that are hidden across Western jurisdictions.       One Read more about WEBINAR: Opportunities for the confiscation of sanctioned assets.[…]

Written by:
Lucia Cizmaziova on 20/10/2022.

Are we making a progress on strengthening the recovery and return of stolen assets (SDG 16.4)?

Posted on by Lucia Cizmaziova

During this year’s 77th Session of the UN General Assembly, the 19th of September was dedicated to the SDG Moment – an opportunity to look back at the incredible progress achieved already on the path towards sustainable development, and to highlight the considerable challenges still lying ahead.  So how does the world fair in its commitment Read more about Are we making a progress on strengthening the recovery and return of stolen assets (SDG 16.4)?[…]

Written by:
Lucia Cizmaziova on 16/09/2022.

Best Practices and Challenges in the Management of Recovered Assets

Posted on by Jackson Oldfield

CiFAR has today launched a new paper – Best Practices and Challenges in the Management of Recovered Assets. With this manual, civil society organisations interested in starting work in the asset recovery field or strengthening current work will find concrete tips and ideas identified from interviews generously provided by CSO rThis report aims to fill Read more about Best Practices and Challenges in the Management of Recovered Assets[…]

Written by:
Jackson Oldfield on 01/09/2022.