PRACTICE OF INTERNATIONAL ORGANIZATIONS IN ASSET TRACING AND RECOVERY
PRACTICE OF INTERNATIONAL ORGANIZATIONS IN ASSET TRACING AND RECOVERY

Summary/Abstract: Globalization has facilitated the movement of assets across different regions of the world, with each jurisdiction enforcing local laws and regulations. An important factor hindering the development of asset recovery policy is the excess of corruption. Accordingly, in today’s environment, criminals use sophisticated financial means to hide the location and source of misappropriated assets. As a result, identification is difficult because assets are located in multiple jurisdictions, and moreover, it is problematic to adopt favorable laws in these jurisdictions for recovery and enforcement of claims.In this thesis, we will discuss the challenges facing asset recovery, evaluate the technical, political and economic perspectives in the practice developed on that field and see what international organizations are doing or can do to achieve more sustainable standards of asset tracing and recovery.

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