Category: Asset Recovery

EU MISAPPROPRIATION SANCTIONS TEN YEARS ON – FACTSHEET 2021

Posted on by Lucia Cizmaziova

BACKGROUND Following the revolutions in 2011 in Tunisia and Egypt and 2014 in Ukraine, the Council of the European Union imposed misappropriation sanctions on people suspected of corruption from the ousted regimes. These require that any assets relating to people on the list, including real estate and bank accounts, are frozen in all EU Member Read more about EU MISAPPROPRIATION SANCTIONS TEN YEARS ON – FACTSHEET 2021[…]

Written by:
Lucia Cizmaziova on 19/03/2021.

Improving the Regulatory Framework for the Management of Recovered Assets in Nigeria

Posted on by CiFAR

This is a guest blog by Oluwasola Omoju, PhD, a Research Fellow at the National Institute for Legislative and Democratic Studies (National Assembly) Abuja, Nigeria. For any inquiries, you may contact him at shollcy@yahoo.co.uk. Recovery of misappropriated assets is a core agenda of the administration of President Muhammadu Buhari. According to media reports, the Economic and Read more about Improving the Regulatory Framework for the Management of Recovered Assets in Nigeria[…]

Written by:
CiFAR on 16/10/2020.

Can international anti-corruption sanctions help advance sustainable development?

Posted on by Lucia Cizmaziova

On 3rd September 2020 CiFAR participated in the first Global Forum on Illicit Financial Flows and Sustainable Development, organised by the German and Norwegian governments. One of the workshops we organised focused on the potential of international targeted sanctions to fight corruption.

Written by:
Lucia Cizmaziova on 01/10/2020.

Yemen’s Stolen Assets

Posted on by Jackson Oldfield

In autumn 2019, CIFAR began looking once again into the issue of the assets alleged to have been stolen by the former President of Yemen – Ali Abdallah Saleh – and frozen under a 2014 UN Security Council Resolution. These assets were the subject of a former report by CiFAR, that attempted to learn whether Read more about Yemen’s Stolen Assets[…]

Written by:
Jackson Oldfield on 03/06/2020.

Africa’s asset recovery spring?

Posted on by Agatino Camarda

African countries lose more than $70 billion a year in illicit financial flows, stemming from crime and corruption. Good news is, following the Nigeria example, more and more of them are stepping up their efforts in recovering stolen assets. Here are four examples we think are interesting to look at. Liberia Liberia’s former president Taylor Read more about Africa’s asset recovery spring?[…]

Written by:
Agatino Camarda on 06/12/2019.

An effective fight against money laundering in Germany – as important as development aid?

Posted on by CiFAR

This is a translation of the blog article „Ein effektiver Kampf gegen Geldwäsche in Deutschland – genauso wichtig wie Entwicklungshilfe?!“ published on the blog of the Netzwerk Steuergerechtigkeit (Tax Justice Network) on 26 June 2019. The original article can be found here: https://www.blog-steuergerechtigkeit.de/2019/06/ein-effektiver-kampf-gegen-geldwaesche-in-deutschland-genauso-wichtig-wie-entwicklungshilfe/   By Christoph Trautvetter Germany reformed its law regulating the confiscation of Read more about An effective fight against money laundering in Germany – as important as development aid?[…]

Written by:
CiFAR on 04/10/2019.

Freeze, confiscate, restore? Swiss ideas for future EU sanctions

Posted on by Lucia Cizmaziova

This article is drawn from Clara Portela’s report for CiFAR – Sanctioning kleptocrats: An assessment of EU misappropriation sanctions written for CiFAR’s EU Sanctions Watch project. The blog was initially written for the European Council on Foreign Relations (ECFR) and can be read in full on their website.  Sanctions for ‘misappropriation’ have proved their worth in forging ties Read more about Freeze, confiscate, restore? Swiss ideas for future EU sanctions[…]

Written by:
Lucia Cizmaziova on 26/04/2019.

CiFAR’s interview with the Friedrich Ebert Foundation

Posted on by CiFAR

“Civil society can contribute to asset recovery and more transparent processes” In 2019, CiFAR in cooperation with the Friedrich Ebert Foundation researched global challenges in asset recovery and the role civil society plays to fight cross-border corruption. Here is an interview with the Friedrich Ebert Foundation with the authors, Agatino and Jackson from CIFAR, presenting Read more about CiFAR’s interview with the Friedrich Ebert Foundation[…]

Written by:
CiFAR on 26/04/2019.

The Nigeria “Cash Transfer Programme” takes off among challenges

Posted on by CiFAR

This blog is part of a series monitoring the utilisation of Nigeria’s recovered assets and was prepared by Oluwatosin Fatoyinbo. Read Oluwatosin’s previous articles on Nigeria here. In our previous blogs, we outlined some of the issues of the Nigerian Cash Transfer Programme, planned to be funded with the $322 million of the Abacha loot Read more about The Nigeria “Cash Transfer Programme” takes off among challenges[…]

Written by:
CiFAR on 29/03/2019.

What are the EU misappropriation sanctions and what are we doing about them?

Posted on by Lucia Cizmaziova

With the help of their corrupt networks, kleptocrats steal billions from their citizens every year. One of the tools the European Union has at its disposal to fight kleptocrats are sanctions that freeze their assets. On 6th of March, at a Brussels event co-organised by our partners at Transparency International EU, CiFAR launched EU Sanctions Watch – Read more about What are the EU misappropriation sanctions and what are we doing about them?[…]

Written by:
Lucia Cizmaziova on 19/03/2019.