Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action
Theft of public assets from developing countries is an immense problem with a staggering development impact. These thefts diverts valuable public resources from addressing the abject poverty and fragile infrastructure often present in such countrie...
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| Format: | Publication |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110713235824 http://hdl.handle.net/10986/2320 |
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okr-10986-2320 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ADMINISTRATIVE COURT ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ANTICORRUPTION AGENCIES ASSET MANAGEMENT ASSET RECOVERY ASYLUM BANK SECRECY BANKS BARRIER BEST PRACTICES BILATERAL TREATIES BRIBERY CIVIL LAW CIVIL SERVANTS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COLLECTIVE ACTION COMMON LAW COMMON LAW COUNTRIES COMMON LAW JURISDICTIONS COMMUNICATIONS TECHNOLOGY COMPANY REGISTRIES COMPETENT AUTHORITIES COMPLAINT COMPLAINTS CONFIDENCE CONFIDENTIALITY CONFISCATION ORDER CONFISCATION ORDERS CONTINGENCY FEE COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORRUPT CORRUPT OFFICIALS CORRUPTION CORRUPTION INVESTIGATION CORRUPTION INVESTIGATIONS CRIME CRIMES CRIMINAL CRIMINAL CONDUCT CRIMINAL MATTERS CRIMINAL PROCEEDINGS CRIMINALITY CRIMINALS CUSTOMARY LAW DEATH PENALTY DEPOSITOR DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DISCRETION DISSIPATION OF ASSETS DOMESTIC LAW DOMESTIC LAWS DUE DILIGENCE DUE PROCESS ECONOMIC CRIME ECONOMIC CRISIS EMBEZZLEMENT ENFORCEMENT AGENCIES EUROPEAN COMMISSION EXCHANGE OF INFORMATION EXTRADITIONS FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL INTELLIGENCE UNITS FINANCIAL MARKET FINANCIAL SUPPORT FINANCING OF TERRORISM FOREIGN BANK FOREIGN BANK ACCOUNTS FORFEITURE FROZEN ASSETS FULL DISCLOSURE GLOBAL ECONOMY GRAND CORRUPTION HOME COUNTRY HUMAN RIGHTS ILL-GOTTEN WEALTH INCOME INITIATIVE INTEGRITY INTERNATIONAL CONVENTIONS INTERNATIONAL COOPERATION INTERNATIONAL CRIMES INTERNATIONAL DEVELOPMENT INTERNATIONAL INSTRUMENTS INTERNATIONAL INVESTIGATIONS INTERNATIONAL LAW INTERNATIONAL MONEY LAUNDERING INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARDS INVESTIGATING MAGISTRATE INVESTIGATING MAGISTRATES INVESTIGATION INVESTIGATIONS INVESTIGATORS INVESTMENT CLIMATE JUDGE JUDGEMENT JUDGES JUDICIAL ORDER JUDICIAL SYSTEM JUDICIAL SYSTEMS JURISDICTION JURISDICTIONS JUSTICE JUSTICE SYSTEMS LAND REGISTRIES LAW ENFORCEMENT LAW ENFORCEMENT OFFICERS LAWYER LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL ORIGIN LEGAL PRACTITIONERS LEGAL REQUIREMENTS LEGAL SYSTEMS LEGISLATIVE REFORM LEGISLATIVE REFORMS MEDIA MINISTERS MISMANAGEMENT MUTUAL LEGAL ASSISTANCE NATIONAL BANK NEGOTIATIONS OFFENSE OFFENSES OFFICEHOLDERS ORGANIZED CRIME PENALTIES PENALTY PEP PLAINTIFF POLICE POLITICAL LEADERS POVERTY ALLEVIATION POWERS OF ATTORNEY PRIVATE INVESTMENT PRIVATE LAWYERS PRIVATE SECTOR DEVELOPMENT PROCEEDS OF CRIME PROSECUTION PROSECUTIONS PROSECUTOR PROSECUTORS PUBLIC INTERNATIONAL LAW PUBLIC OFFICIALS PUBLIC POLICY RECOVERY OF ASSETS RED TAPE REPATRIATION RESTRAINT ORDER RESTRAINT ORDERS RULE OF LAW SECRECY LAWS SHAREHOLDER STATEMENT STATEMENTS STATUTORY PROVISIONS TAX TECHNICAL ASSISTANCE TERRORISM THEFT THEFTS TITLE TRANSPARENCY WEAK ENFORCEMENT |
| spellingShingle |
ACCOUNTABILITY ADMINISTRATIVE COURT ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ANTICORRUPTION AGENCIES ASSET MANAGEMENT ASSET RECOVERY ASYLUM BANK SECRECY BANKS BARRIER BEST PRACTICES BILATERAL TREATIES BRIBERY CIVIL LAW CIVIL SERVANTS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COLLECTIVE ACTION COMMON LAW COMMON LAW COUNTRIES COMMON LAW JURISDICTIONS COMMUNICATIONS TECHNOLOGY COMPANY REGISTRIES COMPETENT AUTHORITIES COMPLAINT COMPLAINTS CONFIDENCE CONFIDENTIALITY CONFISCATION ORDER CONFISCATION ORDERS CONTINGENCY FEE COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORRUPT CORRUPT OFFICIALS CORRUPTION CORRUPTION INVESTIGATION CORRUPTION INVESTIGATIONS CRIME CRIMES CRIMINAL CRIMINAL CONDUCT CRIMINAL MATTERS CRIMINAL PROCEEDINGS CRIMINALITY CRIMINALS CUSTOMARY LAW DEATH PENALTY DEPOSITOR DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DISCRETION DISSIPATION OF ASSETS DOMESTIC LAW DOMESTIC LAWS DUE DILIGENCE DUE PROCESS ECONOMIC CRIME ECONOMIC CRISIS EMBEZZLEMENT ENFORCEMENT AGENCIES EUROPEAN COMMISSION EXCHANGE OF INFORMATION EXTRADITIONS FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL INTELLIGENCE UNITS FINANCIAL MARKET FINANCIAL SUPPORT FINANCING OF TERRORISM FOREIGN BANK FOREIGN BANK ACCOUNTS FORFEITURE FROZEN ASSETS FULL DISCLOSURE GLOBAL ECONOMY GRAND CORRUPTION HOME COUNTRY HUMAN RIGHTS ILL-GOTTEN WEALTH INCOME INITIATIVE INTEGRITY INTERNATIONAL CONVENTIONS INTERNATIONAL COOPERATION INTERNATIONAL CRIMES INTERNATIONAL DEVELOPMENT INTERNATIONAL INSTRUMENTS INTERNATIONAL INVESTIGATIONS INTERNATIONAL LAW INTERNATIONAL MONEY LAUNDERING INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARDS INVESTIGATING MAGISTRATE INVESTIGATING MAGISTRATES INVESTIGATION INVESTIGATIONS INVESTIGATORS INVESTMENT CLIMATE JUDGE JUDGEMENT JUDGES JUDICIAL ORDER JUDICIAL SYSTEM JUDICIAL SYSTEMS JURISDICTION JURISDICTIONS JUSTICE JUSTICE SYSTEMS LAND REGISTRIES LAW ENFORCEMENT LAW ENFORCEMENT OFFICERS LAWYER LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL ORIGIN LEGAL PRACTITIONERS LEGAL REQUIREMENTS LEGAL SYSTEMS LEGISLATIVE REFORM LEGISLATIVE REFORMS MEDIA MINISTERS MISMANAGEMENT MUTUAL LEGAL ASSISTANCE NATIONAL BANK NEGOTIATIONS OFFENSE OFFENSES OFFICEHOLDERS ORGANIZED CRIME PENALTIES PENALTY PEP PLAINTIFF POLICE POLITICAL LEADERS POVERTY ALLEVIATION POWERS OF ATTORNEY PRIVATE INVESTMENT PRIVATE LAWYERS PRIVATE SECTOR DEVELOPMENT PROCEEDS OF CRIME PROSECUTION PROSECUTIONS PROSECUTOR PROSECUTORS PUBLIC INTERNATIONAL LAW PUBLIC OFFICIALS PUBLIC POLICY RECOVERY OF ASSETS RED TAPE REPATRIATION RESTRAINT ORDER RESTRAINT ORDERS RULE OF LAW SECRECY LAWS SHAREHOLDER STATEMENT STATEMENTS STATUTORY PROVISIONS TAX TECHNICAL ASSISTANCE TERRORISM THEFT THEFTS TITLE TRANSPARENCY WEAK ENFORCEMENT Stephenson, Kevin M. Gray, Larissa Power, Ric Brun, Jean-Pierre Dunker, Gabriele Panjer, Melissa Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action |
| description |
Theft of public assets from developing
countries is an immense problem with a staggering
development impact. These thefts diverts valuable public
resources from addressing the abject poverty and fragile
infrastructure often present in such countries. Although the
exact magnitude of the proceeds of corruption circulating in
the global economy is impossible to ascertain, estimates
demonstrate the severity and scale of the problem at $20 to
$40 billion lost to developing countries each year. What
this estimate does not capture are the societal costs of
corruption and the devastating impact of such crimes on
victim countries. Theft of assets by corrupt officials,
often at the highest levels of government, weakens
confidence in public institutions, damages the private
investment climate, and divests needed funding available for
core investment in such poverty alleviation measures as
public health, education, and infrastructure. This
study's key objective is to mobilize policy makers on
the existing difficulties in stolen asset recovery actions
and convince them to take action on the featured
recommendations. Such action will enhance the capacity of
practitioners to successfully recover stolen assets. |
| format |
Publications & Research :: Publication |
| author |
Stephenson, Kevin M. Gray, Larissa Power, Ric Brun, Jean-Pierre Dunker, Gabriele Panjer, Melissa |
| author_facet |
Stephenson, Kevin M. Gray, Larissa Power, Ric Brun, Jean-Pierre Dunker, Gabriele Panjer, Melissa |
| author_sort |
Stephenson, Kevin M. |
| title |
Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action |
| title_short |
Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action |
| title_full |
Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action |
| title_fullStr |
Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action |
| title_full_unstemmed |
Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action |
| title_sort |
barriers to asset recovery : an analysis of the key barriers and recommendations for action |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110713235824 http://hdl.handle.net/10986/2320 |
| _version_ |
1764385249373978624 |
| spelling |
okr-10986-23202021-06-08T12:08:53Z Barriers to Asset Recovery : An Analysis of the Key Barriers and Recommendations for Action Stephenson, Kevin M. Gray, Larissa Power, Ric Brun, Jean-Pierre Dunker, Gabriele Panjer, Melissa ACCOUNTABILITY ADMINISTRATIVE COURT ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ANTICORRUPTION AGENCIES ASSET MANAGEMENT ASSET RECOVERY ASYLUM BANK SECRECY BANKS BARRIER BEST PRACTICES BILATERAL TREATIES BRIBERY CIVIL LAW CIVIL SERVANTS CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COLLECTIVE ACTION COMMON LAW COMMON LAW COUNTRIES COMMON LAW JURISDICTIONS COMMUNICATIONS TECHNOLOGY COMPANY REGISTRIES COMPETENT AUTHORITIES COMPLAINT COMPLAINTS CONFIDENCE CONFIDENTIALITY CONFISCATION ORDER CONFISCATION ORDERS CONTINGENCY FEE COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORRUPT CORRUPT OFFICIALS CORRUPTION CORRUPTION INVESTIGATION CORRUPTION INVESTIGATIONS CRIME CRIMES CRIMINAL CRIMINAL CONDUCT CRIMINAL MATTERS CRIMINAL PROCEEDINGS CRIMINALITY CRIMINALS CUSTOMARY LAW DEATH PENALTY DEPOSITOR DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DISCRETION DISSIPATION OF ASSETS DOMESTIC LAW DOMESTIC LAWS DUE DILIGENCE DUE PROCESS ECONOMIC CRIME ECONOMIC CRISIS EMBEZZLEMENT ENFORCEMENT AGENCIES EUROPEAN COMMISSION EXCHANGE OF INFORMATION EXTRADITIONS FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL INTELLIGENCE UNITS FINANCIAL MARKET FINANCIAL SUPPORT FINANCING OF TERRORISM FOREIGN BANK FOREIGN BANK ACCOUNTS FORFEITURE FROZEN ASSETS FULL DISCLOSURE GLOBAL ECONOMY GRAND CORRUPTION HOME COUNTRY HUMAN RIGHTS ILL-GOTTEN WEALTH INCOME INITIATIVE INTEGRITY INTERNATIONAL CONVENTIONS INTERNATIONAL COOPERATION INTERNATIONAL CRIMES INTERNATIONAL DEVELOPMENT INTERNATIONAL INSTRUMENTS INTERNATIONAL INVESTIGATIONS INTERNATIONAL LAW INTERNATIONAL MONEY LAUNDERING INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARDS INVESTIGATING MAGISTRATE INVESTIGATING MAGISTRATES INVESTIGATION INVESTIGATIONS INVESTIGATORS INVESTMENT CLIMATE JUDGE JUDGEMENT JUDGES JUDICIAL ORDER JUDICIAL SYSTEM JUDICIAL SYSTEMS JURISDICTION JURISDICTIONS JUSTICE JUSTICE SYSTEMS LAND REGISTRIES LAW ENFORCEMENT LAW ENFORCEMENT OFFICERS LAWYER LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL ORIGIN LEGAL PRACTITIONERS LEGAL REQUIREMENTS LEGAL SYSTEMS LEGISLATIVE REFORM LEGISLATIVE REFORMS MEDIA MINISTERS MISMANAGEMENT MUTUAL LEGAL ASSISTANCE NATIONAL BANK NEGOTIATIONS OFFENSE OFFENSES OFFICEHOLDERS ORGANIZED CRIME PENALTIES PENALTY PEP PLAINTIFF POLICE POLITICAL LEADERS POVERTY ALLEVIATION POWERS OF ATTORNEY PRIVATE INVESTMENT PRIVATE LAWYERS PRIVATE SECTOR DEVELOPMENT PROCEEDS OF CRIME PROSECUTION PROSECUTIONS PROSECUTOR PROSECUTORS PUBLIC INTERNATIONAL LAW PUBLIC OFFICIALS PUBLIC POLICY RECOVERY OF ASSETS RED TAPE REPATRIATION RESTRAINT ORDER RESTRAINT ORDERS RULE OF LAW SECRECY LAWS SHAREHOLDER STATEMENT STATEMENTS STATUTORY PROVISIONS TAX TECHNICAL ASSISTANCE TERRORISM THEFT THEFTS TITLE TRANSPARENCY WEAK ENFORCEMENT Theft of public assets from developing countries is an immense problem with a staggering development impact. These thefts diverts valuable public resources from addressing the abject poverty and fragile infrastructure often present in such countries. Although the exact magnitude of the proceeds of corruption circulating in the global economy is impossible to ascertain, estimates demonstrate the severity and scale of the problem at $20 to $40 billion lost to developing countries each year. What this estimate does not capture are the societal costs of corruption and the devastating impact of such crimes on victim countries. Theft of assets by corrupt officials, often at the highest levels of government, weakens confidence in public institutions, damages the private investment climate, and divests needed funding available for core investment in such poverty alleviation measures as public health, education, and infrastructure. This study's key objective is to mobilize policy makers on the existing difficulties in stolen asset recovery actions and convince them to take action on the featured recommendations. Such action will enhance the capacity of practitioners to successfully recover stolen assets. 2012-03-19T09:04:02Z 2012-03-19T09:04:02Z 2011-06-20 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110713235824 978-0-8213-8660-6 http://hdl.handle.net/10986/2320 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication |