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

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[…]

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

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?[…]

Time’s up, but not for us.

It’s seven years ago today the Egyptian revolution, with all its hope and potential, its demand for justice and accountability, began.  A key component of that revolution was the demand for an end to corruption and a reckoning for the grand corruption that had taken place under the former regime, not least the prosecution and Read more about Time’s up, but not for us.[…]

The future of Mubarak’s assets

  After Hosni Mubarak was released from prison in March 2016 and the EU extended for another year the freeze of his and his family’s assets, what will happen to his billions? CiFAR had a chat with the French news outlet BFM Business.   You can read the interview in French at this link.   Read more about The future of Mubarak’s assets[…]

Beyond Egypt: other people worth sanctioning in MENA

Masses of people flooded the streets to protest the endemic corruption of their governments in Cairo, Tunis and many other Arab cities. Following these uprisings six years ago, sanctions were imposed on public officials for misappropriating public funds. Here’s a look at recent European Union (EU) actions, such as asset freezes and visa restrictions. Egypt Read more about Beyond Egypt: other people worth sanctioning in MENA[…]

Egypt’s (modest) efforts to bring back Mubarak’s billions

  It was the anger against the widespread corruption of Mubarak’s regime that brought millions of Egyptians on the streets in early 2011. In the aftermath of the revolution, Egyptians put a lot of hopes that they would get back the billions of Euros stolen by Mubarak and his family to invest them in building Read more about Egypt’s (modest) efforts to bring back Mubarak’s billions[…]

What are the EU sanctions and why are they important?

During the protests in Tunisia and Egypt in 2011, which led to the removal of longtime dictators Zine El Abidine Ben Ali and Hosni Mubarak, the Council of the European Union did something remarkable and, at the time, relatively unprecedented – it issued a regulation to its member states which pre-emptively froze the assets held Read more about What are the EU sanctions and why are they important?[…]

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’ Read more about The deal of the century[…]

6 years later, where are Mubarak´s billions?

Over the last 20 years, former Egyptian President Hosni Mubarak, his family and close circle of advisers allegedly enriched themselves through partnerships in powerful Egyptian companies, profiting from their political power and illicit enrichment from public money, according to numerous reports. Evidence shows that their wealth—obtained from illegal activities—was deposited or invested not just in Read more about 6 years later, where are Mubarak´s billions?[…]