Unexplained Wealth Orders: A New Tool for Asset Recovery?

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?[…]

WEBINAR: Opportunities for the confiscation of sanctioned assets.

Online event: 3 November 2022, 16:00 – 17:15 CET Event link 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 of the central policy questions Read more about WEBINAR: Opportunities for the confiscation of sanctioned assets.[…]

New UK asset recovery framework: important elements for civil society

In 2022, the UK government published a new Framework for transparent and accountable asset return, designed to ‘ensure consistency, transparency, and accountability’ in the return of funds by the UK government. This framework relates to funds returned under both Articles 57(3)(a) or (b) of the UN Convention Against Corruption (UNCAC) – in other words obligatory Read more about New UK asset recovery framework: important elements for civil society[…]

Posted in UK

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 Read more about A new framework for asset recovery?[…]

Brexit means Brexit: but what about stolen assets?

Brexit means Brexit: but what does the UK’s change at the top mean for success in fighting stolen assets? The UK is in the middle of conference season, with each of the UK’s main political parties meeting to discuss and outline their priorities for the coming year ahead. None was probably more watched this year Read more about Brexit means Brexit: but what about stolen assets?[…]