The Stolen Asset Recovery Initiative (StAR)

The Stolen Asset Recovery Initiative 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.

StAR provides platforms for dialogue and collaboration and also facilitates contact among different jurisdictions involved in asset recovery. Since its establishment ten years ago, StAR has assisted many countries in developing legal frameworks, institutional expertise, and the skills necessary to trace and return stolen assets.

StAR works with partners around the world to develop the most effective tools to tackle and prevent the theft of assets critical to development. StAR works with global organizations, including the Conference of States parties to UNCAC, the G8, the G20, and the Financial Action Task Force to influence and liaise with policymakers.

The Global Forum on Asset Recovery (GFAR)
will be held in Washington, DC
December 4th to 6th, 2017,
hosted by the United Kingdom
and the United States with support from
the Stolen Asset Recovery Initiative (StAR).

Posts

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.

It’s Time to Make Public Financial Disclosure Efficient and Effective

In a series of articles titled “Towers of Secrecy,” the New York Times in 2015 revealed the opaque way in which much high-value U.S. real estate is owned by famous and...

Publications

Getting the Full Picture on Public Officials: A How-To Guide for Effective Financial Disclosure
This guide features an unprecedented collection of data accompanied by an analysis of key implementation challenges to help countries develop more effective and robust financial disclosure systems.
Public Wrongs, Private Actions
Civil lawsuits are often overlooked as a way to recover stolen assets. But this latest StAR report shows how they can provide an effective complement to more commonly-used criminal approaches.
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