Subject: Law
Year: 2021
Type: Article
Type: PeerReviewed
Title: The importance of full implementation of the provisions of asset recovery in the fight against corruption
Author: Slamkov, Gjorgi
Abstract: The fight against corruption has no effect if from the perpetrator of the corrupt act have not been confiscated the goods or assets that he acquired illegally. This paper highlights the obstacles to international cooperation for the return of the stolen asset. It is a fact that in the past, almost two decades, since the adoption of UNCAC, a lot has been done in the field of prevention, criminalization, as well as international cooperation, but in the area of asset recovery, greater results are missing. It is basically property acquired in a corrupt manner, mainly in developing countries and transferred to developed countries. In this way, criminals gain enormous wealth, and on the other hand, poverty in the country of origin increases due to loss of resources. The paper presents specific examples of asset recovery. These are cases where the procedure lasts for many years, involving high political figures, and huge sums of money. The paper gives several recommendations for improving the internal regulations of the countries, but also for the international cooperation in order to increase the detection of cases of stolen asset taken in other countries. Rapid honest cooperation between requesting jurisdiction and requested jurisdiction is essential for detecting, seizing, freezing, confiscating and returning a stolen asset. The importance of the StAR Initiative is great, but still the dark number of corrupt acts with a stolen asset, transferred to another jurisdiction, is large.
Publisher: Integrated Business Faculty
Relation: https://eprints.ugd.edu.mk/35344/
Identifier: oai:eprints.ugd.edu.mk:35344
Identifier: https://eprints.ugd.edu.mk/35344/1/The%20importance%20of%20full%20implementation%20of%20the%20provisions%20of%20asset%20recovery%20in%20the%20fight%20against%20corruption.pdfIdentifier: https://eprints.ugd.edu.mk/35344/2/Contents.pdfIdentifier: Slamkov, Gjorgi (2021) The importance of full implementation of the provisions of asset recovery in the fight against corruption. Journal of Sustainable Development, 11 (26). pp. 70-96. ISSN 1857-8519
Identifier: UDC: 343.352(612)
