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Saturday, 13 September 2014

Recovery of stolen assets makes progress but more needs to be done, according to latest report

"According to the report, OECD members increased the total assets frozen in the period 2010-2012 from US$1.225 billion to US$1.398 billion. Additional findings also showed that more assets were returned to developing countries; that countries were more successful in freezing and returning stolen assets through innovative legal avenues and powers; and that countries with established asset recovery policies and solid legal and institutional frameworks, such as Switzerland, the US and the UK, achieved greater success in returning the proceeds of corruption. These latter successes provide useful experience and practices for others to follow."



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