asset recovery | The FCPA Blog

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Posts Tagged: asset recovery

Why asset recovery is about more than the money

Basel Institute on Governance June 20, 2023

Martin Kenney’s recent post on the FCPA Blog argues that private asset recovery lawyers are the key to improving recovery rates in complex transnational corruption and money laundering cases. Switzerland’s final decision to return $8.5 million to Peru in a long-running corruption case is “symbolic” not “practical,” he says and shows the “incompetence of the systems” that currently govern international asset recovery. … Continue Reading

DOJ returns loot stolen by Kyrgyzstan ex-president

Harry Cassin February 27, 2019

The DOJ said Tuesday it has repatriated $4.5 million in corrupt proceeds by the former Kyrgyz Republic president Kurmanbek Bakiyev, pictured left, and his son Maxim Bakiyev.

The stolen money was discovered during banker Eugene Gourevitch’s prosecution in New York for insider trading and the court entered a $6 million forfeiture order.… Continue Reading

Oligarch’s divorce becomes global asset recovery case

Martin Kenney November 23, 2018

Farkhad Akhmedov is a Russian billionaire who made his fortune from the country’s oil and gas reserves. Among his claims to fame are the acquisition of a 337 foot, $492 million yacht, the Luna — complete with a missile detection system — which he purchased from fellow oligarch Roman Abramovich in 2014.… Continue Reading

Martin Kenney on Hurricane Irma, U.S. hypocrisy, EU bullies and more

Martin Kenney January 2, 2018

When 2017 began, I did not envisage how my life would change. I live and work in the British Virgin islands (BVI), a location rapidly becoming famous due to the publication of the Panama Papers and more latterly the Paradise Papers.… Continue Reading

Martin Kenney: Why isn’t asset recovery on the international enforcement agenda?

Martin Kenney July 19, 2017

I have long advocated that Grand Corruption should be considered a crime against humanity, under Article 7(1)(k) of the Rome Statute establishing the International Criminal Court.

Given my prior interest and area of professional expertise, the recent announcement that the UK’s National Crime Agency (NCA) will be heading up and hosting a team of specialist investigators to target Grand Corruption from countries such as Australia, Canada, New Zealand, Singapore and the USA grabbed my attention.… Continue Reading

‘Victim’ SNC-Lavalin collects $13 million in recovered funds

Richard L. Cassin December 15, 2014

Canada’s biggest engineering and construction firm is recovering more than $13 million, claiming it was a victim of alleged bribes paid to the son of former Libyan dictator Moammar Gadhafi.

The Wall Street Journal’s James Grimaldi and Margaret Coker reported that SNC-Lavalin’s recovery “has surprised many lawyers involved with stolen-asset recovery efforts, because the work has been focused on returning ill-gotten gains to the countries, not firms whose officials paid bribes.”… Continue Reading

Job: AUSA – Asset Recovery Division (Denver, Colorado)

The FCPA Blog September 3, 2014

Job Title: Assistant U.S. Attorney – Asset Recovery Division

Employer: The U.S. Attorney’s Office for the District of Colorado

Location: Denver, Colorado (USA)

Description

The U.S. Attorney’s Office for the District of Colorado comprises 69 attorneys in Denver, Durango and Grand Junction.… Continue Reading

Holder to the World: ‘Corruption can be overcome’

The FCPA Blog October 28, 2013

Here’s an excerpt from Attorney General Eric Holder’s remarks Monday at the Arab Forum on Asset Recovery in Morocco.

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In recent years, we’ve joined hands to draft and bring into force the United Nations Convention Against Corruption – the first global anti-corruption treaty.… Continue Reading