Andrew Dornbierer, Asset Recovery Specialist, explains what "illicit enrichment" or “unexplained wealth” mean – and how they can open the door to recovering stolen assets. He covers:
Peruvian prosecutors in the city of Trujillo have received innovative hands-on training in Asset Recovery via the Mechanism of Expired Ownership ("extinción de dominio" in Spanish). The training was aimed at prosecutors specialised in cases of corruption and money laundering. It was carried out with the support of the Swiss SECO-funded Subnational PFM programme implemented by the Basel Institute’s office in Lima and the Basel Institute's International Centre for Asset Recovery (ICAR) training division.
The Basel Institute has been working with the Ministry of Justice of Romania in a two-component project seeking to enhance the capacity of the Romanian authorities to recover the proceeds of crime. The project is being implemented by the Asset Recovery Office (ARO) of the Ministry of Justice in collaboration with the International Centre for Asset Recovery (ICAR) of the Basel Institute. Funding of the project has been provided by the Swiss-Romanian Co-operation Programme.
The note evaluates the current legislation on the asset recovery process both at the EU and Member States level, with a view to assessing the need and the feasibility of establishing EU regulation on the use of confiscated assets for civil society and in particular for social purposes.