Country of Asset Location
Panama
Other Jurisdictions Involved
Spain
Disposition of Criminal Case(s)
At time of reporting (2023), there was an ongoing domestic investigation/prosecution related to this case in the country of origin and in the country of asset location.
UNCAC Offenses Implicated
Article 17. Embezzlement, misappropriation or other diversion of property by a public official
Article 18. Trading in influence
Article 23. Laundering of proceeds of crime
Action Initiating Asset Recovery
Other procedure
Stage of Asset Recovery
Assets returned
Which authorities or agencies were involved in the asset recovery/return process
The domestic bodies or agencies responsible for the asset return are a banking entity and the Office of the Attorney General of the Nation of Panama.
Legal Basis for International Cooperation
Other
UNCAC
Contributing Factors in Asset Recovery
Other
Specify Other
The exchange of information between the Office of the Attorney General of the Nation, the Investigative Court, the Prosecutor's Office and the Asset Recovery and Management Office (ORGA).
Notes
The asset freeze/seizure was initiated by recognition and reparation of the accused.
The legal basis for international cooperation was also reparation for damage caused / collaboration agreement.
Assets returned
#1
Assets returned
900,000.00 USD
Assets Returned (USD equivalent)
$900,000.00
Date of return
June 2022
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Asset Type at Time of Confiscation
Cash/bank deposit
Date and Country of Case Submission
January 1, 2023
Panama
Data Source
Official information provided by country authorities