Barriers to Asset Recovery

An Analysis of the Key Barriers and Recommendations for Action
By:
  • Kevin M. Stephenson
  • Larissa Gray
  • Ric Power
  • Jean-Pierre Brun
  • Gabriele Dunker
  • Melissa Panjer
21 June 2011
Languages: English
Publisher: World Bank Publications

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The Barriers to Asset Recovery study recommends eight strategic actions and other recommendations for policy makers, legislators and practitioners. They include the implementation of new policies and operational procedures to foster trust and mentor other jurisdictions, legislative reforms to facilitate freezing and confiscation of stolen assets, and better application of existing anti-money laundering measures. The authors consulted over 50 practitioners around the globe, who gave information based on their practical experience. The study analyzes the barriers to recovering stolen assets in foreign jurisdictions, and introduces examples of good practices. It also provides information about asset recovery regimes in various financial centers.