Log In | Subscribe | |

World Money Laundering Report Volume 15 Number 4 is published 31 August 2016

Industry: 
Banks and Banking
Author: 
Nigel Morris-Co...
London, England

Plunder & corruption by state officials: an action plan for dealing with
proceeds of suspected or proven offences.

www.worldmoneylaunderingreport...

-----------

Site licence holders may now download the issue from the site licence
archive.

Individuals may purchase this issue, as an e-book, subject to the
individual purchase licence, via links on the above page.

The cases of moneys transferred overseas by corrupt officials are legion.

An anti-corruption "summit" held in London in April failed to address the two most important issues:

1) why are governments so reluctant to take action in relation to funds that are patently suspicious?
and

2) if governments do take action to confiscate funds found or suspected to be the proceeds of plunder or corruption, how are they to deal with the money?

This issue of WMLR contains analysis and our recommendations.

Plunder and corruption by state officials: an action plan for dealing with proceeds of suspected or proven offences..................................................11
Example: The Abacha Millions............................13
Abacha's death started a global treasure hunt.......21
Shortcomings in the system for taking rapid action against proceeds of plunder and corruption. ........................................................................23
PEPs and Diplomatic Immunity..........................33
The Plan...........................................................37
1. Setting the stage for action.............................37
2. Action...........................................................38
3. Return and distribution of funds.......................39

World Money Laundering Report is published by Vortex Centrum Limited, UK, under ISSN 1473-3439.

Contact Information: 
Last modified: 
2016-09-08 03:51