Since 2005, over $400 million has been paid in ransoms to pirates who’ve hijacked ships in the Indian Ocean. The World Bank, INTERPOL, and the UN Office on Drugs and Crime have followed the money to find out who gets it, how it’s distributed and moved, where it’s invested, and how the illegal money flows can be stopped.
Their study is called Pirate Trails, and on Monday (November 4), the World Bank is hosting an event in the District of Columbia to talk about the findings.
The panel will include the report’s co-author, Stuart Makanka Yikona, from the World Bank. He’ll be joined by Jean Njeri Kamau, Kenya’a ambassador to the United States; Gary Porter from the Clipper Group and a negotiator in piracy cases; and Maresca Guiseppe, the chair of the working group on piracy off the coast of Somalia.
November 4, 2013
12:30 PM – 2:00 PM
Light lunch will be served at 12:00pm
World Bank J Building, 701 18th Street, NW
Washington, DC, 20433
Admission is free but please RSVP to the World Bank by email to [email protected].
Joint sponsors are the World Bank, the United Nations Office on Drugs and Crime, and INTERPOL.
There’s more information here.
Richard L. Cassin is the Publisher and Editor of the FCPA Blog. He can be contacted here.