Home Special ReportAnti-corruptionHow could asset recovery work for Lebanon?

How could asset recovery work for Lebanon?
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by Carine Tohme

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 impoverishment, and come with other societal costs, such as the negative impact on education and public health services. One way of combating these practices is through recovering assets siphoned from the public sector by public servants—elected, or nominated—and their accomplices. How does this process work, and could it work in the Lebanese context?  An asset recovery process begins by collecting information and tracing the assets of the concerned persons with the first objective of determining whether the value of their assets is compatible with their regular income or not and then determining where these assets are located. This first phase could be as simple as looking at public records, such as the property register and the commercial registry in Lebanon,

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