| Basel Institute on Governance

Working Paper 29: Recovering assets in support of the SDGs – from soft to hard assets for development

Read more about Working Paper 29: Recovering assets in support of the SDGs – from soft to hard assets for development

This Working Paper aims to contribute to the international policy dialogue on the link between asset recovery and countries’ pursuit of the Sustainable Development Goals.

It contends that supporting countries in recovering stolen assets and promoting sustainable development are mutually reinforcing. It also aims to correct the false reputation of asset recovery as a very technical legalistic field of development cooperation, and to generate broader understanding of the far-reaching role that asset recovery can play to foster development.

Ecuador: blended learning and insights into inter-agency cooperation

Read more about Ecuador: blended learning and insights into inter-agency cooperation

Following ICAR’s Advanced Operational Analysis training workshop at the Financial Intelligence Unit of Ecuador (UAFE) from 13–17 May 2019, a panel comprising representatives of the UAFE, the Attorney General’s Office (AGO) and the Anti-money Laundering Unit of the National Police of Ecuador discussed the challenges of coordinating and harmonising efforts to fight money laundering and asset recovery.

Basel Institute congratulates Peruvian authorities for USD 19.5 million recovery linked to Odebrecht case

Read more about Basel Institute congratulates Peruvian authorities for USD 19.5 million recovery linked to Odebrecht case

Elmer Chirre, Peru's Specialised Prosecutor for Corruption, and Amado Enco, Specialised Anti-Corruption State Attorney, have jointly recovered over PEN 65 million (USD 19.5 million) in the first successful asset recovery case related to Operation Car Wash.

Free virtual course on open government in Peru

Read more about Free virtual course on open government in Peru

The Basel Institute's Peru team is launching a new free virtual course in open government. Running from 3 June to 30 June 2019, the four online modules cover:

Supporting the Swiss Global Compact Network – Principle Ten on Anti-Corruption

Read more about Supporting the Swiss Global Compact Network – Principle Ten on Anti-Corruption

Gemma Aiolfi, Head of Compliance, Corporate Governance and Collective Action at the Basel Institute, gave the opening speech at the 3rd Swiss Global Compact Dialogue today in the Swiss lakeside town of Thun.

FRACCK agreement with Kenya illustrates that partnership is essential when the disposal of confiscated assets should benefit development

Read more about FRACCK agreement with Kenya illustrates that partnership is essential when the disposal of confiscated assets should benefit development

The Framework for the Return of Assets from Corruption and Crime in Kenya (FRACCK), agreed and signed by the Governments of Kenya, Jersey, Switzerland and the UK in 2018 with support from the Basel Institute's International Centre for Asset Recovery (ICAR), is already generating strong interest for its "innovative" and "novel" approach to asset return.

These were the words of Brigitte Strobel-Shaw, Officer-in-Charge of the Corruption and Economic Crime Branch of the UNODC, during a May 7-9 International Expert Meeting on the Return of Stolen Assets.

Cusco joins Peru's growing Public Finance Management Experts Network

Read more about Cusco joins Peru's growing Public Finance Management Experts Network

Peru's pioneering Public Finance Management Experts Network has continued to expand, with the Andean city of Cusco being the latest to join.

Hands-on training for Ecuadorian anti-corruption practitioners

Read more about Hands-on training for Ecuadorian anti-corruption practitioners

Experts from the Basel Institute’s International Centre for Asset Recovery and country office in Peru conducted a Financial Investigations and Asset Recovery training workshop in Quito, Ecuador from 6–10 May 2019.

New specialised courts to apply novel extinción de dominio legislation in Peru

Read more about New specialised courts to apply novel extinción de dominio legislation in Peru

The High Court of Piura in northwestern Peru has announced it will set up a specialised court for cases relating to a new law on extinción de dominio (which roughly translates as "extinction of possession"), a form of non-conviction-based asset forfeiture.

USD27 million in stolen assets recovered in 4 months by Kenyan authorities with Basel Institute support

Read more about USD27 million in stolen assets recovered in 4 months by Kenyan authorities with Basel Institute support

Kenya's Ethics and Anti-Corruption Commission (EACC) has recovered 19 corruptly acquired assets worth KES 2,730,571,000 (over USD 27 million) in the first four months of 2019 alone. The assets – a mix of cash and landed properties, including a fire station, Kenya Railways land and a beachfront property – are being returned to the public treasury, along with significant fines paid by individuals convicted of corruption and bribery.

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