Each year, developing countries lose between $20 to $40 billion due to bribery, misappropriation of funds, and other corrupt practices. These criminal acts drain economic development initiatives, contribute to further …
Category:
Asset Recovery
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Anti-corruptionAsset RecoveryOpinionSpecial Report
How Lebanon can learn from other countries’ experiences with asset recovery
Recovering assets corrupt officials have stolen while in government service is a critical part of a government’s fight against corruption. First of all, it deters corruption. If those who would …
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Anti-corruptionAsset RecoveryOpinionSpecial ReportSpecialized anti-corruption courts
Does Lebanon need a special anti-corruption court?
In June, Parliament’s Anti-Corruption Subcommittee began discussing the establishment of a special court on financial crimes. Its proposed jurisdiction ranges from counterfeit and forgery of money and documents to bribery …
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Anti-corruptionAsset RecoveryOpinionSpecial ReportUnexplained Wealth Orders
Lebanon could utilize unexplained wealth orders to recover stolen assets
by Riwa Zoghaibby Riwa ZoghaibAsset recovery requires global cooperation. According to the Stolen Asset Recovery (StAR) Initiative database, in 2018 the approximate amount of stolen funds that have been frozen, confiscated, or returned to …