Between the 7 – 9 November 30 civil society organisations, engaged on asset recovery from across the world, came together in Nairobi to discuss priorities in asset recovery with a particular focus on the priorities of the Global South and countries typically designated as ‘countries of origin’ - countries where the predicate offence(s) occurred - in international asset recovery cases.
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 used to date, and also reflects on transparency and accountability considerations. In the process, it contemplates the involvement of civil society and the impact of UWOs on the countries where the corruption originated and compares them to other, similar tools.
The first Global South Forum on Asset Recovery (GSF) is taking place in Nairobi, Kenya on 7-9 November. The Global South Forum is organised by the Civil Forum for Asset Recovery (CiFAR) and it is a first-of its-kind civil society-led meeting aimed at discussing current issues, challenges and opportunities presented by ongoing cases of asset recovery with a focus on the perspective of civil society from the Global South.
In this webinar, we would like to look at the lessons learnt from the past in confiscating sanctioned assets, at how new initiatives can remedy existing challenges, as well as at ways in which countries are already attempting to confiscate Russian and other foreign assets.
The Kenyan government has been engaged in more recent years in cross-border asset freezing, confiscation, and return of the proceeds of corruption. Nevertheless, it is not lost on many that to a large extent, international cases have begun due to the proactivity of the countries holding stolen Kenyan assets. An example of this is the return of USD 349,057 following the successful case against in the UK against the company Smith & Ouzman for bribery, for which no convictions have yet been handed down in Kenya.
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.
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 evidence gaps by analysing approaches and strategies to the management of domestically and internationally recovered assets as a frequently overlooked and underestimated stage asset recovery.
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 representatives and other experts familiar with asset recovery and from previous reference publications.
We are pleased to launch today volume II of our groundbreaking Investigate Manual, providing tools and resources for journalists looking into financial crime, illicit financial flows, cross-border corruption and asset recovery.
The European Commission proposed on Wednesday the development of a Directive on criminal penalties for the violation of Union law on restrictive measures and for new measures to be introduced under their planned Directive on asset recovery and confiscation. Under the new proposals, new EU-wide rules would come into force that cover several aspects related not only to the sanctions implemented with respect to the Russian invasion of Ukraine, but also more generally to other sanctions regimes and to asset recovery more generally.
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