dc.contributor.author
Lohaus, Mathis
dc.date.accessioned
2019-09-26T09:10:09Z
dc.date.available
2019-09-26T09:10:09Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/25640.2
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-25404.2
dc.description.abstract
Returning the ill-gotten gains of corrupt officials to their rightful owners has become a global priority since the adoption of the United Nations Convention against Corruption (UNCAC). Assets acquired through corruption and then transferred abroad are part of the broader phenomenon of illicit financial flows (IFFs), which deprive developing countries of their domestic resources. According to some estimates, tens of billions of dollars are lost to different kinds of IFFs from Africa every year. Asset recovery as envisaged by UNCAC offers a path to repatriate the share of IFFs that relates to corruption, although the total amount recovered so far pales in comparison to the estimated outflows. How can asset recovery serve development goals? Practitioners and activists can build on a range of initiatives from development cooperation, mutual legal assistance, and rules concerning financial transparency. New policies in the United States, Switzerland, and the United Kingdom show how key jurisdictions increasingly take a progressive stance on asset recovery and work with developing countries to overcome obstacles. Yet challenges and blind spots remain. To make the most of the existing tools, political objectives must be aligned across several dimensions of foreign policy and financial regulation.
en
dc.format.extent
56 Seiten
dc.rights.uri
https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject
illicit financial flows
en
dc.subject
United Nations Convention Against Corruption
en
dc.subject
money laundering
en
dc.subject
asset recovery
en
dc.subject
development cooperation
en
dc.subject
international law
en
dc.subject.ddc
300 Sozialwissenschaften::320 Politikwissenschaft::327 Internationale Beziehungen
dc.subject.ddc
300 Sozialwissenschaften::340 Recht::341 Völkerrecht
dc.title
Asset recovery and illicit financial flows from a developmental perspective
dc.contributor.institution
U4 Anti-Corruption Resource Centre
dc.contributor.institution
Chr. Michelsen Institute (CMI)
dc.identifier.urn
urn:nbn:de:kobv:188-refubium-25640.2-3
dc.title.subtitle
concepts, scope, and potential
dcterms.bibliographicCitation.url
https://www.u4.no/publications/asset-recovery-and-illicit-financial-flows-from-a-developmental-perspective-concepts-scope-and-potential
refubium.affiliation
Politik- und Sozialwissenschaften
refubium.affiliation.other
Otto-Suhr-Institut für Politikwissenschaft / Arbeitsstelle Transnationale Beziehungen, Außen- und Sicherheitspolitik
refubium.resourceType.isindependentpub
yes
refubium.series.issueNumber
2019:12
refubium.series.name
U4 Issue
dcterms.accessRights.dnb
free
dcterms.accessRights.openaire
open access