Legislative changes in Mexico continue to expand the tools prosecutors have to fight corruption and to effectively recover illicitly acquired assets, particularly from corrupt activities. This is all the more significant given the recent major prosecutorial actions against the former CEO of PEMEX and others in what seems to indicate Mexico’s turn toward pursuing major corruption cases.… Continue Reading
At the end of last year four Latin American countries signed a multilateral framework agreement regarding the disposition of confiscated property resulting from crimes linked to transnational organized crime, significantly advancing the discourse on asset sharing.… Continue Reading
The Justice Department filed civil forfeiture complaints Thursday against $540 million in assets allegedly bought with money looted from a Malaysian sovereign wealth fund.
The DOJ has now filed forfeiture actions against nearly $1.7 billion in assets linked to 1Maylasia Development Berhad.… Continue Reading
One of the more interesting developments I discovered during the holiday period was a proposal from the Barbadian Chief Justice Minister, Sir Marston Gibson, to set up a regional asset recovery group in the Caribbean.… Continue Reading
A daily news show on CCTV America dealt Tuesday with the DOJ’s civil and criminal asset forfeiture cases.
The show’s host, Anand Naidoo, formerly an anchor for CNN International, said forfeiture “is a legal tool that gives U.S.… Continue Reading
The Department of Justice returned $1.1 million in forfeited assets to the government of the Republic of Korea Monday.
The forfeited assets came from a corruption scheme orchestrated by former Korean President Chun Doo Hwan in the 1990s.… Continue Reading
Civil asset recovery actions against kleptocrats stashing their loot in luxury real estate abroad has become a hot new topic in the global anti-corruption movements with the publication of Public Wrongs, Private Actions.… Continue Reading
Civil, as opposed to criminal, asset forfeiture cases are the subject of heated debates in domestic U.S. law. Many civil libertarians and thoughtful observers of the U.S.… Continue Reading
U.S. Attorney General Eric Holder spoke at the Ukraine Forum on Asset Recovery on Tuesday in London, unveiling a new Kleptocracy squad within the FBI that will investigate and prosecute corruption cases in Ukraine and around the world.… Continue Reading