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Date: November 22, 2024 Fri

Time: 12:26 pm

Results for fraud and corruption (u.k.)

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Author: Transparency International UK

Title: Closing Down the Safe Havens: Ending Impunity for Corrupt Individuals by Seizing and Recovering their Assets in the UK

Summary: Corrupt funds that are laundered through the UK represent misery for millions of people. The money has been stolen from health and education budgets, from infrastructure and law enforcement, and many other areas of public spending. This both degrades those services and removes funds that should rightfully be invested in their country of origin. The stolen funds should be identified, frozen, seized and - with proper safeguards - returned to the rightful owners. This is what the recovery of corruptly-obtained assets aims to achieve. The purpose of this paper is to describe the blocks in the system that are preventing recovery of the proceeds of grand corruption located in, or routed through, the UK.

Details: London: Transparency International UK, 2013. 31p.

Source: Internet Resource: Accessed April 7, 2015 at: http://www.transparency.org.uk/publications/15-publications/809-closing-down-the-safe-havens

Year: 2013

Country: United Kingdom

URL: http://www.transparency.org.uk/publications/15-publications/809-closing-down-the-safe-havens

Shelf Number: 135168

Keywords:
Asset Forfeiture
Fraud and Corruption (U.K.)
Money Laundering