What is illicit enrichment in a nutshell?

The UN Convention Against Corruption (UNCAC) defines illicit enrichment as a “significant increase in the assets of a public official that he or she cannot reasonably explain in relation to his or her lawful income”.

Also known as “unexplained wealth” or “unjust enrichment”, it legally applies in some countries to private individuals as well as public officials. It can refer to an amount of assets that a person has acquired as well as an excessive standard of living that they may be enjoying.