Asset Recovery Watch

ARW-42
Chinese National #1 (unnamed)
China
Unknown
Australia
Undertaking Recovery Effort, Location of Recovery Effort, Asset Location / Alleged Asset Location
Unknown
Art.17
No
Other
Unspecified
Australia - China law enforcement cooperation and establishment of Australia's Equitable Sharing Program (Source: "Equitable Sharing Program," on the website of the Australian Government, Attorney-General's Department, Overview of the Proceeds of Crime Act 2002, accessed at http://www.ag.gov.au/agd/WWW/ncphome.nsf/Page/POCA_funding_for_Non-Government_Agencies.)
Completed
$2,561,820
No
NA

Citing obligation under the United Nations Convention Against Corruption to share profits of crime where assistance in the recovery of those profits contributes to legal enforcement cooperation, the Australian government made the following payment under its equitable sharing program: AUD $3,372,807.49 to the Chinese Government for money recovered in Australia by the Australian Federal Police, regarding a matter involving a Chinese national, who was wanted in China for embezzlement and fraud offenses. (Source: "Equitable Sharing Program," on the website of the Australian Government, Attorney-General's Department, Overview of the Proceeds of Crime Act 2002, accessed at http://www.ag.gov.au/agd/WWW/ncphome.nsf/Page/POCA_funding_for_Non-Gover....)

According to the website of Australia's Attorney General on the Equitable Sharing Program under the Proceeds of Crime Act, the Chinese national was "wanted in China for embezzlement and fraud charges." (Source: http://www.ag.gov.au/agd/WWW/ncphome.nsf/Page/POCA_funding_for_Non-Gover..., last accessed on May 3, 2011.)

Unspecified
Unspecified
Unspecified
Australian Federal Police
Attorney General
Unspecified