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Wednesday, October 24 • 12:00pm - 2:00pm
The Poorest Feeding the Richest?: New approaches to foster recovery of stolen assets from developing countries and support Domestic Resources Mobilization

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It is estimated that 1 trillion US$ illegally flows out of developing and emerging countries per year, instead of being invested into sound infrastructure, education and health systems. In 2017 a landmark decision of a French court revealed the lavish fortune of the Vice-president of Eq. guinea highlighting the need to increase the control of outflows in Africa and inflows in Europe. Even though efforts to trace confiscate and return stolen assets have risen significantly since the entry into force of the UN Convention against Corruption, the amounts returned to victim states still are vanishingly small. As acknowledged in the Financing for Development discourse, accelerating asset recovery bears a significant potential for Domestic Resource Mobilization and can help to finance the implementation of the Sustainable Development Goals. In the proposed panel, CSOs representative and activists will talk about the impact of an emblematic case such as the one of Eq. Guinea in citizen’s lives. Kenyan and Indonesian law enforcement practitioners and CSOs will exchange on best practices including policy approaches and legislative measures to improve asset recovery. The role of CSOs in ensuring safeguards to prevent new illegal flows and monitor the return of the assets will be also object of discussion as well as the best practices from Indonesia from law enforcement point of view.

ANGLE TO CORRUPTION:
Corruption is one the most important sources of the illicit financial flows undermining the trust into the state institutions and Rule-of-Law principles as well as hindering inclusive growth and sustainable development. UNCAC prescribes the fundamental principle of returning stolen assets and the key role of CSOs in preventing and eradicating corruption. A key anti-corruption tool would benefit from an open exchange between practitioners and CSOs. Effective asset recovery acts as a clear sanction and as a deterrent for future corrupt officials.

TARGET AUDIENCE:
Anti-corruption and asset recovery practitioners, other financial investigators from developing, emerging and developed countries, national policy makers, NGOs as well as national and international donor agencies.  

WHAT IS THE INVISAGED IMPACT & HOW WILL YOU FOLLOW UP:
The workshop will give insights on the importance of asset recovery laying out the impact examples and most recent national and international experiences in recovering and returning stolen assets compare and analyze the pros and contras of different approaches. It aims at inspiring active exchange and producing further searching questions to foster the current asset recovery discourse.
The session report will be publish on the GIZ Intranet News side; also on EGJustice website and network and TI networks on Asset recovery; key messages of the workshop will be fed into the social media like Facebook and Twitter including the partner institutions.

Session Rapporteur: Lucas Olo Fernandes

Moderators
JM

Johannes Michael Ferguson

Head, Global Program Combatting Illicit Financial Flows, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Johannes Michael Ferguson is Head of GIZ’s Global Program Combatting Illicit Financial Flows in Berlin/Bonn, Germany. Leading an international team working in Europe, Africa and Latin America, Mr. Ferguson is responsible for implementation of the program´s holistic approach, that... Read More →

Speakers
RB

Rizki Bayhaqi

Asset Tracing and Anti-Money Laundering Specialist, Deputy for Enforcement of the Corruption Eradication Commission of Republic of Indonesia (KPK RI)
Rizki Bayhaqi is an asset tracing and anti-money laundering specialist in the Deputy for Enforcement of the Corruption Eradication Commission of Republic of Indonesia (KPK RI). He has been practicing since 2011. Prior to joining KPK RI, he worked as a corporate lawyer with the law... Read More →
LB

Laurène Bounaud

Executive Director, Transparency International France
Laurène Bounaud is the Executive Director of the French chapter of Transparency International. Since 2007, Transparency France has been dealing with several large-scale corruption cases targeting several ruling African heads of states, their close associates and relatives; all of... Read More →
DM

Delfin Mocache

Director, Diario Rombe
Delfin Mocache is director of Diario Rombe, an online media platform based in Valencia, Spain. This activist was a key witness in the court hearing that convicted the Vice president of Equatorial Guinea in Paris in October 2017. Since its foundation, Diario Rombe has published the... Read More →
HW

Halakhe Waqo

Commission’s Secretary/Chief Executive Officer, Ethics and Anti-Corruption Commission (EACC) of Kenya
Halakhe Waqo is the Commission’s Secretary/Chief Executive Officer of the Ethics and Anti-Corruption Commission (EACC) of Kenya. Mr. Waqo has experience in international development and humanitarian work spanning over 20 years. He is an expert in peace building and conflict management... Read More →

Workshop Coordinators
OA

Olga Ametistova

Advisor , Global Program Combating Illicit Financial Flows, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Olga Ametistova joined 2017 the GIZ Global Program “Combatting Illicit Financial Flows”. Since then she advises the GIZ in the issues of Asset Recovery and Mutual Legal Assistance. Olga is responsible for the international cooperation in criminal matters, inter-agency cooperation... Read More →



Wednesday October 24, 2018 12:00pm - 2:00pm
Workshop Room 7
  • Organiser Transparency International

Attendees (46)