Newsroom: Resources for Journalists
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Newsroom
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YaleGlobal | February 27 2012Elites Loot Africa While Foreng Debt Mounts: International banking laws help African elites borrow big, then shift funds to personal accounts
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The Washington Post | October 19 2011
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U.S. Department of the Treasury | December 2 2011
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Business Recorder | November 18 2011
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Wall Street Journal | December 13 2011
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The Economist | October 29 2011
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Reuters | December 23 2011
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YaleGlobal | February 29 2012
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(A bit of) Everything you've wanted to ask about the Arab Forum but were afraid to ask: Questions answered by Jean Pesme from StARNovember 6 2013Bringing 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.
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StAR | June 20 2013The 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.
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PSD Blog - blogs.worldbank.org | February 5 2013It 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?
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PSD Blog - blogs.worldbank.org | December 7 2012The 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.
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blogs.worldbank.org | August 13 2012Last 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.
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Fighting Corruption: The Politically Exposed Persons Factorblog.worldbank.org | April 2 2012Last 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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January 13 2014‘Left Out of the Bargain’ – why StAR’s latest report mattersOver the past decade, countries have increasingly used settlements, that is any procedure short of a full trial, to conclude foreign bribery cases
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Cargos Públicos, Provecho Privado - Datos Básicos
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Stolen Asset Recovery (StAR) Initiative Action Plan: Challenges, Opportunities, and Action Plan
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December 20 2013Getting the measure of asset recoveryThe OECD released a report based on StAR data measuring how countries are performing in efforts to stem illicit financial flows. It also features an important discussion on the other side of the equation: how are OECD countries performing in returning such money?
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Arab-Forum-Asset-Recovery-Meeting-Agenda
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December 18 2013Getting the measure of asset recoveryToday the OECD has released a report measuring how its member countries are performing in their efforts to stem illicit financial flows (IFF). While much attention is likely to focus on the chapters discussing money laundering, tax evasion and bribery - the main sources of illicit financial flows - the report features an important discussion of the other side of the equation: how are OECD countries performing in returning illicit financial flows?
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Indentification and Quantification of the Proceeds of Bribery : A Joint OECD-StAR Analysis
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UK-Guide-to-Asset-Recovery (arabic)