Repatriating the profits of corruption: the next frontier in asset recovery?
Join the Asset Recovery Working Group – Global Civil Society Coalition for UNCAC on June 10 at 2 pm for a zoom meeting (open webinar), which will explore legal, political and ethical questions surrounding the repatriation of recovered funds through corporate settlements, confiscation orders, fines, disgorgement mechanisms, and negotiated resolutions in foreign bribery cases, including who should benefit from anti-corruption enforcement and what reforms may be needed.
Below are the topical issues to be discussed with key panellists
Round 1 – Understanding the gap. Through concrete cases and legal distinctions, speakers illustrate why profits derived from corruption too often remain with enforcing states in the global North rather than being returned to compensate affected communities in the global South. Round 2 – What needs to change? Speakers identify the reforms needed (transparency safeguards, fair methods for assessing harm and calculating compensation, and meaningful participation by affected countries and communities) to ensure that settlements and negotiated resolutions actually deliver asset return and victim compensation.
Akere Muna, International Consultant, Cameroon, Founder and former President of TI Cameroon, and a lawyer by training. He is the former President of the African Union’s Economic, Social and Cultural Council (2008-2014), former President of the Pan African Lawyers Union (2006-2014), and former President of the Cameroon Bar Association (1997-2002). Amongst many other roles, Akere Muna is a member of the governing board of the Africa Governance Institute and a member of the High-Level Panel on Illicit Financial Flows from Africa, chaired by former South African President Thabo Mbeki.
Mouna Algelly, Legal Adviser, Public Eye, Switzerland, Legal Advisor for Commodities and Finance at Public Eye, a prominent Swiss non-governmental organization that campaigns against corporate abuses and corporate impunity. Her expertise focuses on economic crime, corporate accountability, and international justice.
Helen Taylor, Deputy Director, Spotlight on Corruption, UK. Her work includes a specialist focus on corruption and economic crime enforcement, illicit finance and the UK’s anti-money laundering regime, as well as asset recovery and victim compensation, amongst other areas
Register now: https://us02web.zoom.us/meeting/register/x4x48_6KR6mvt25-0Q_Obg
Repatriating the profits of corruption: the next frontier in asset recovery?
