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Few and Far : The Hard Facts on Stolen Asset Recovery

Corruption has a devastating impact on developing and transition countries, with estimates of $20 billion to $40 billion per year stolen by public officials, a figure equivalent to 20 to 40 percent of flows of official development assistance. The return of the proceeds of corruption--asset recovery-...

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Autores principales: Gray, Larissa, Hansen, Kjetil, Recica-Kirkbride, Pranvera, Mills, Linnea
Formato: En linea
Idioma:en_US
Publicado: Washington, DC: World Bank and OECD 2014
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Acceso en línea:https://hdl.handle.net/10986/20002
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author Gray, Larissa
Hansen, Kjetil
Recica-Kirkbride, Pranvera
Mills, Linnea
author_facet Gray, Larissa
Hansen, Kjetil
Recica-Kirkbride, Pranvera
Mills, Linnea
author_sort Gray, Larissa
collection Colección Libros - Series (activas)
description Corruption has a devastating impact on developing and transition countries, with estimates of $20 billion to $40 billion per year stolen by public officials, a figure equivalent to 20 to 40 percent of flows of official development assistance. The return of the proceeds of corruption--asset recovery--can have a significant development impact. Returns can be used directly for development purposes, such as improvements in the health and education sectors and reintegration of displaced persons, with additional benefits of improved international cooperation and enhanced capacity of law enforcement and financial management officials. Development agencies and those committed to development effectiveness have a role in the asset recovery process. They have made international commitments to fight corruption and recover the proceeds of corruption in the Third High Level Forum on Aid Effectiveness: Accra Agenda for Actions, held in Accra in 2008, and the Fourth High Level Forum on Aid Effectiveness: Partnership for Effective Development, held in Busan in 2011. Despite these efforts, there has been difficulty in translating these commitments into concrete action. This StAR-OECD publication reports on how OECD countries are performing on asset recovery. Drawing on data collected between 2006 and 2012, the report provides recommendations and good practices and suggests specific actions for development agencies.
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spelling wb-10986-200022025-05-26T08:53:56Z Few and Far : The Hard Facts on Stolen Asset Recovery Gray, Larissa Hansen, Kjetil Recica-Kirkbride, Pranvera Mills, Linnea asset recovery proceeds of corruption corruption tracing freezing confiscation measures unjust enrichment laws G20 Anticorruption Working Group Financial Action Task Force Corruption has a devastating impact on developing and transition countries, with estimates of $20 billion to $40 billion per year stolen by public officials, a figure equivalent to 20 to 40 percent of flows of official development assistance. The return of the proceeds of corruption--asset recovery--can have a significant development impact. Returns can be used directly for development purposes, such as improvements in the health and education sectors and reintegration of displaced persons, with additional benefits of improved international cooperation and enhanced capacity of law enforcement and financial management officials. Development agencies and those committed to development effectiveness have a role in the asset recovery process. They have made international commitments to fight corruption and recover the proceeds of corruption in the Third High Level Forum on Aid Effectiveness: Accra Agenda for Actions, held in Accra in 2008, and the Fourth High Level Forum on Aid Effectiveness: Partnership for Effective Development, held in Busan in 2011. Despite these efforts, there has been difficulty in translating these commitments into concrete action. This StAR-OECD publication reports on how OECD countries are performing on asset recovery. Drawing on data collected between 2006 and 2012, the report provides recommendations and good practices and suggests specific actions for development agencies. 2014-09-09T18:27:56Z 2014-09-09T18:27:56Z 2014-08-29 978-1-4648-0274-4 https://hdl.handle.net/10986/20002 10.1596/978-1-4648-0274-4 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo application/pdf Washington, DC: World Bank and OECD
spellingShingle asset recovery
proceeds of corruption
corruption
tracing
freezing
confiscation measures
unjust enrichment laws
G20 Anticorruption Working Group
Financial Action Task Force
Gray, Larissa
Hansen, Kjetil
Recica-Kirkbride, Pranvera
Mills, Linnea
Few and Far : The Hard Facts on Stolen Asset Recovery
title Few and Far : The Hard Facts on Stolen Asset Recovery
title_full Few and Far : The Hard Facts on Stolen Asset Recovery
title_fullStr Few and Far : The Hard Facts on Stolen Asset Recovery
title_full_unstemmed Few and Far : The Hard Facts on Stolen Asset Recovery
title_short Few and Far : The Hard Facts on Stolen Asset Recovery
title_sort few and far the hard facts on stolen asset recovery
topic asset recovery
proceeds of corruption
corruption
tracing
freezing
confiscation measures
unjust enrichment laws
G20 Anticorruption Working Group
Financial Action Task Force
url https://hdl.handle.net/10986/20002
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AT hansenkjetil fewandfarthehardfactsonstolenassetrecovery
AT recicakirkbridepranvera fewandfarthehardfactsonstolenassetrecovery
AT millslinnea fewandfarthehardfactsonstolenassetrecovery