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  • November 6 2013
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    Bringing together over forty countries, the Second Arab Forum on Asset Recovery - which took place in Morocco in October - marked a reaffirmation of the international community's commitment to help return stolen assets to their rightful home.  
  • StAR | June 20 2013
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    The move was momentous and, until a few weeks ago, quite unexpected. In a push to tear down the walls of corporate secrecy, the G8 has just committed to ensuring that each of its members will have immediate access to the identity of the so-called “beneficial owner” - the individual who ultimately pulls the strings behind companies- in their jurisdiction.
  • PSD Blog - blogs.worldbank.org | February 5 2013
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    It began as a trickle but has turned into a flood. HSBC, Barclays, Wachovia, JP Morgan, and UBS have all been engulfed by waves of scandal involving, money laundering, fixing interest rates, risky trades, and rigging the money markets. The question now is – have the banks gone bad?
  • PSD Blog - blogs.worldbank.org | December 7 2012
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    The latest publication of the World Bank’s Stolen Asset Recovery Initiative (StAR) takes a long hard look at illicit enrichment, along with the potential benefits and difficulties of criminalizing the offense. The guide - “On the Take: Criminalizing Illicit Enrichment to Fight Corruption,” is based upon the experiences of the forty four countries around the world that have undertaken this move, highlighting both its benefits and difficulties. 
  • blogs.worldbank.org | August 13 2012
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    Last week, British NGO Global Witness published Grave Secrecy, a report on how U.K. registered companies were allegedly used to launder the profits of corruption. Hundreds of millions of dollars passed through the corporate accounts of dozens of shell companies that held bank accounts at Asia Universal Bank (AUB), the largest bank in Kyrgyzstan. Although the report is based on one concrete case of alleged corruption and money laundering in that country, its relevance goes beyond that single example.
  • Fighting Corruption: The Politically Exposed Persons Factor
    blog.worldbank.org | April 2 2012
    By:
    Last month, the Financial Action Task Force on money laundering (FATF), revised its 40+9 Recommendations on the fight against money laundering and the financing of terrorism (AML/CFT) with a new set of 40 Recommendations.  

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