The Stolen Asset Recovery Initiative (StAR)

is a partnership between the World Bank Group and the United Nations Office on Drugs and Crime (UNODC) that supports international efforts to end safe havens for corrupt funds. StAR works with developing countries and financial centers to prevent the laundering of the proceeds of corruption and to facilitate more systematic and timely return of stolen assets. Learn More About Us >

ourwork

 Corruption steals from the poor. It steals the promise of a brighter future.

 

—Jim Yong Kim, President of the World Bank Group

 

THE StAR BLOG
The long and winding road of asset recovery

It’s been over ten years since countries formally recognized that asset recovery is fundamental to fighting corruption, carving out a specific section on it in the United Nations Convention against Corruption.

StAR in...

Asset Recovery on Ukraine

Following the ouster of former Ukrainian President Victor Yanukovich in February 2014, efforts have begun to recover stolen assets at the initiative of the Government of Ukraine. The Government of...

Financial Action Task Force (FATF)

The Financial Action Task Force (FATF) is an inter-governmental body founded in 1989. Its objectives are to set standards and promote effective implementation of legal, regulatory and operational...

Publications

Few and Far The Hard Facts on Stolen Asset Recovery
Corruption has a devastating impact on developing and transition countries, with estimates of $20 billion to $40 billion per year stolen by public officials, a figure equivalent to 20 to 40 percent of official development
Left out of the Bargain: Settlements in Foreign Bribery Cases and Implications for Asset Recovery
Countries have increasingly used settlements — any procedure short of a full trial— to conclude foreign bribery, imposing billions in monetary sanctions. But what happens to the money associated with settlements? And
Asset Recovery Handbook: A Guide for Practitioners
Developing countries lose between $20 billion and $40 billion each year to bribery, embezzlement, and other corrupt practices. Over the past 15 years only $5 billion has been recovered and returned. A new handbook seeks to help

News

Reuters | September 16 2014
StAR/OECD new report: ‘Few and Far”: The Hard Facts on Asset Recovery’ reported by Reuters
Reuters | May 8 2014
UK to host international meeting on stolen Ukrainian assets
Interamerican Development Bank | March 26 2014
U.S. settlements for overseas bribes – should foreign bribe victims get any?

Events

December 8 2014
The World Bank Group's International Corruption Hunters Alliance (ICHA) brings together heads and senior officials...
February 28 2014
G20 Anti-Corruption Roundtable, hosted by the Australian Government and G20 Anti-Corruption Working Group, including,...