This case study explains how the Peruvian State used its non-conviction based forfeiture law, extinción de dominio, to recover a Swiss bank account containing illicit kickbacks paid for the purchase of war planes.

This case was the first of a series of cases between Peru and Switzerland involving Peru’s extinción de dominio law, which enables the confiscation of illicit assets in cases where a criminal conviction of an individual is not possible or desirable. It has paved the way for other proceedings, some of which are still pending in the tribunals.

Ukraine’s recovery will require billions of dollars – so leaders pledging reconstruction funds need to ensure Ukraine’s anti-corruption defences are up to the task. A joint opinion article by Gretta Fenner, Managing Director, Basel Institute on Governance and Andrii Borovyk, Executive Director, Transparency International Ukraine. View it in Ukrainian here.

Switzerland has launched administrative proceedings to confiscate over USD 100 million in assets linked to the regime of former Ukrainian president Viktor Yanukovych, with the ultimate aim of returning these to Ukraine.

The assets are held by a close associate of the former president, Yuriy Ivanyushchenko and his family. They have been frozen in Switzerland since Yanukovych was deposed in Ukraine’s 2014 Revolution of Dignity.

Die Globalisierung im heutigen Umfang wäre ohne die Seefahrt nicht möglich, doch der Preis ist hoch: Die Seefahrt ist auf Kollisionskurs mit der Umwelt, sie ist nach wie vor gefährlich, die Besatzungen in See- und Binnenschifffahrt arbeiten oft unter prekären Bedingungen. Doch die Schweiz als viertgrösster Reedereistandort Europas will von den beachtlichen Herausforderungen der Schifffahrt kaum etwas wissen.

The so-called “tuna bond” corruption scandal in Mozambique has drawn international attention. Twenty people are facing corruption and money laundering charges in the country. Swiss bank Credit Suisse has agreed to pay USD 475 million in fines and write off USD 200 million in debt owed by Mozambique as part of a series of settlements with regulators in the US, UK and Switzerland for its role in the affair.

Claims that Switzerland is “paternalistic” in its approach to returning stolen assets to their rightful countries are simplistic, argues Senior Asset Recovery Specialist Oscar Solórzano in this opinion article for Swiss news and information platform Swissinfo. The article is available on the Swissinfo site in German and Spanish.

H.E. Ambassador Stefan Estermann, Head of the Prosperity and Sustainability Division, Swiss Federal Department of Foreign Affairs, made the following opening remarks at our joint virtual side event on Collective Action at the 2021 Special Session of the General Assembly against Corruption (UNGASS) on 2 June. View the full recording of the side event.

Ladies and gentlemen,