Asset recovery in developing countries: assessing successes and failures and overcoming challenges
This chapter critically examines the complex and multifaceted asset recovery process in the context of global anti-corruption efforts. The United Nations estimates that corruption drains a significant portion of the world’s GDP, diverting vast resources from essential public services in developing c...
| Authors: | ; |
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| Format: | Print Article |
| Language: | English |
| Published: |
2025
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| In: |
Global anti-money laundering regulation
Year: 2025, Pages: 254-277 |
| Check availability: | HBZ Gateway |
| Summary: | This chapter critically examines the complex and multifaceted asset recovery process in the context of global anti-corruption efforts. The United Nations estimates that corruption drains a significant portion of the world’s GDP, diverting vast resources from essential public services in developing countries to the coffers of corrupt elites. These illicit financial flows exacerbate poverty, undermine public trust, and stall economic development. Since the 2005 enactment of the United Nations Convention against Corruption (UNCAC), asset recovery has emerged as a pivotal yet challenging tool for redressing the economic and social harms caused by corruption. Through an analysis of nearly two decades of asset recovery initiatives, this chapter identifies critical successes, strategic choices, and operational hurdles practitioners face. The chapter contends that despite progress, the path to effective asset recovery remains fraught with obstacles, requiring continued international cooperation, legal innovation, and a steadfast commitment to justice. |
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| ISBN: | 9781032182896 |
