Combines policy recommendations and good practices aimed at making it harder for corrupt Politically Exposed Persons (PEPs) to launder their money, and make it easier to get stolen assets back.
Identifies the key concepts - legal, operational and practical - a procedure that provides for the seizure and forfeiture of of stolen assets without the need for a criminal conviction.
'On the Take: Criminalizing Illicit Enrichment to Fight Corruption' is the first comprehensive survey of illicit enrichment laws and provides a broad analysis of the challenges in both drafting and implementing the criminal offense of illicit enrichment. 'On the Take' provides policy makers, prosecutors, and other practitioners with a better understanding of the features of the illicit enrichment offense. The StAR Initiative unveils this guide to inform decision-makers considering adopting the offense and to assist those implementing illicit enrichments laws to do so in a way that contributes to effective prosecution, confiscation, and recovery of assets.
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 assistance flows.
Barriers to Asset Recovery, released on June 21, 2011 by the World Bank Group and the United Nations Office on Drugs and Crime’s (UNODC) Stolen Asset Recovery Initiative (StAR), advises policy makers on reforms that will enable the recovery of stolen assets. Drawing on consultations with over 50 practitioners around the globe, the study identifies challenges to asset recovery, and recommends eight strategic actions and best practices for policy makers, legislators and practitioners. It is a powerful tool that will help policy makers design a comprehensive strategy for recovering the proceeds of corruption in their countries.
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.
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 close this gap. The Asset Recovery Handbook, produced by the Stolen Asset Recovery Initiative (StAR) of the World Bank Group and the United Nations Office on Drugs and Crime (UNODC), provides practitioners with a how-to guide for recovering stolen assets.
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 what can be done to help those harmed by foreign bribery...
This new StAR report examines how bribes, embezzled state assets and other criminal proceeds are being hidden via legal structures – shell companies, foundations, trusts and others. The study also provides policy makers with practical recommendations on how to step up ongoing international efforts to uncover flows of criminal funds and prevent criminals from misusing shell companies and other legal entities.