To answer this question, CiFAR has recently conducted research published in a report From Sanctions to Investigations. Legislation, policy and practice linking investigations into the origins of sanctioned assets and recommendations for governments to strengthen the investigation and confiscation of sanctioned assets in From Sanctions to Investigations. Policy brief and recommendations.
While sanctions lists have grown this year primarily due to new listings in connection to individuals linked to Russia’s invasion of Ukraine, anti-corruption sanctions have not been forgotten. As CiFAR launches its updated Sanctions Watch platform today, which tracks individuals sanctioned for reasons related to corruption, this blog takes stock of this year’s changes in key anti-corruption sanctions lists across different jurisdiction
The aim of this webinar will be to explore the new possibilities and hurdles that the anti-breach legislation brings for the public and the private sector.
This report assesses the efficiency of Unexplained Wealth Orders (UWOs), primarily as existing in UK legislation, in advancing asset recovery and the fight against grand corruption. The report introduces the UWO legislation, explores how, when and where UWOs have been used to date, and also reflects on transparency and accountability considerations. In the process, it contemplates the involvement of civil society and the impact of UWOs on the countries where the corruption originated and compares them to other, similar tools.
In this webinar, we would like to look at the lessons learnt from the past in confiscating sanctioned assets, at how new initiatives can remedy existing challenges, as well as at ways in which countries are already attempting to confiscate Russian and other foreign assets.
In 2022, the UK government published a new Framework for transparent and accountable asset return, designed to ‘ensure consistency, transparency, and accountability’ in the return of funds by the UK government. This framework relates to funds returned under both Articles 57(3)(a) or (b) of the UN Convention Against Corruption (UNCAC) - in other words obligatory returns of funds stolen through corruption - and under Article 57(3)(c) of UNCAC, in cases where the return is discretionary. It therefore encompasses the majority of asset recovery cases the UK government might engage in. This post sets out what elements of this may be important to note for civil society working on asset recovery.
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