Can international anti-corruption sanctions help advance sustainable development?

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.

Hunting Saleh’s treasure – CiFAR’s interview with the Zenith magazine

The assets of Yemeni ruler Ali Abdullah Saleh, who was murdered in 2017, are probably distributed among at least 20 countries. The repatriation of the illegally accumulated funds is proving to be particularly tricky. In early 2020, CiFAR published a report Yemen’s Stolen Assets: Past and Future, explaining both some of the challenges that led to Read more about Hunting Saleh’s treasure – CiFAR’s interview with the Zenith magazine[…]

Angola: From the Dos Santos recovery towards the future?

In mid-August, Angola was again in the news over the conviction of José Filomeno dos Santos, the ex-governor of Angola’s national bank and two others, for fraud and influence peddling relating to the transfer of USD 500,000 from the Angolan National Bank to a bank account in the UK. This case though comes as part Read more about Angola: From the Dos Santos recovery towards the future?[…]

COVID-19 and asset recovery: an overview

The global health pandemic may, on its face, have little to do with cross-border corruption and asset recovery. Look a little beneath the surface though and it becomes clear that the challenges posed by the pandemic have far reaching implications for the prevention of cross-border corruption and the recovery of stolen assets. Pandemic-related challenges The Read more about COVID-19 and asset recovery: an overview[…]

Africa’s asset recovery spring?

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?[…]

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

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?[…]

The European Court of Justice annuls Ukrainian sanctions – what now?

The European Court of Justice in its decision of the 11 July 2019 annulled the 2014-2018 EU sanctions that had been in force to freeze the assets of several high-ranking former Ukrainian officials since 2013, including those of former president Yanukovych. These asset freezes had been put in place after the Ukrainian revolution to support Read more about The European Court of Justice annuls Ukrainian sanctions – what now?[…]

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[…]