To answer this question, CiFAR has recently conducted research published in a report From Sanctions to Investigations. Legislation, policy and practice linking investigations into the origins of sanctioned assets and recommendations for governments to strengthen the investigation and confiscation of sanctioned assets in From Sanctions to Investigations. Policy brief and recommendations.
To understand Kenya’s progress, as well as challenges in the adoption of asset recovery frameworks and their implementation in practice, Civil Forum for Asset Recovery (CiFAR) has launched two new reports: The Social Reuse of Recovered Assets in Kenya, and Alternative Dispute Resolution & Asset Recovery in Kenya.
For the first time since the beginning of its Investigate programmes, CiFAR organised an investigative journalism training in Latin America in Autumn 2023. With the support of GIZ, we gathered 15 early to mid-career journalists in Lima, Peru, for 4 intensive training days around asset recovery, illicit financial flows, and cross-border corruption.
In the past 20 years, African governments have made considerable progress to recover stolen assets as a tool to combat Illicit Financial Flows and contribute to sustainable development. Asset recovery has gained attention among governments, the media and citizens. Several governments have introduced new asset recovery laws and created institutions in charge of recovering or managing stolen assets. This has led to an increase in recovered assets, both domestically and internationally. However, legislative and institutional frameworks, as well as efforts in international cooperation are still insufficient.
On the 10 December the 10th Conference of the States Parties to the United Nations Convention Against Corruption (UNCAC CoSP 10) kicks off in Atlanta, USA. The CoSP process is an opportuniy for States who are party to the UNCAC, which is virtually every country in the world, to come together to discuss progress in implementing the treaty and to agree to new ideas to advance the fight against corruption.
The full report contains a discussion on importance of linking the imposition of sanctions to the opening of investigations into the origins of sanctioned wealth. It also includes detailed description of the situation across eight jurisdictions (Canada, France, Germany, Italy, Spain, Switzerland, the UK and the US) and a look into cross-border initiatives.
Between autumn 2022 and June 2023 CiFAR and European Investigative Collaborations, with the support of OCCRP and thanks to IJ4EU and the National Endowment for Democracy, coordinated the Russian Escape investigations into how far sanctions applied against Russian individuals following the invasion of Ukraine were being effectively implemented in Europe.
Glencore, a giant in the world of multinational commodities trading and mining, has found itself at the epicentre of one of the biggest corporate scandals in recent history. Allegations of widespread bribery and corruption have not only tarnished the company's reputation, but also raised urgent questions about the ethical conduct of multinational corporations. For those unfamiliar with the unfolding saga, Glencore stands accused of using illicit means to secure business advantages in several countries, mainly in Africa.
CiFAR has launched a Citizen Guide to Asset Recovery in Kenya. This user-friendly and informative guide aims to empower citizens, private sector actors, and civil society organizations to have the knowledge and tools to effectively understand and engage with the asset recovery process in Kenya.
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