ILLICIT FINANCIAL FLOWS AND STOLEN ASSETS VALUE RECOVERY
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Date
2014-09
Authors
Ayogu, Melvin D.
Agbor, Julius
Journal Title
Journal ISSN
Volume Title
Publisher
AERC
Abstract
Value recovery of stolen assets is both an enforcement of anti-money laundering laws and a potent weapon against corruption. When obtainable, it represents society’s credible commitment to ensure that “crimes do not pay.” We explore these linkages by reviewing international experiences on the implementation of value recovery. Lessons suggest country-level studies that are more likely to strengthen local initiatives, leading to regional strategies capable of improving negotiations for assistance and cooperation at the global level.
Description
WP - 6
Keywords
Capital flight , illicit financial flows , stolen asset recovery , value recovery