Sanctions, constructive trust and beneficial ownership: harmonised tracing laws for effective asset recovery

ABSTRACT According to Yury Fedotov, Executive Director of UNODC and Ngozi N. Okonjo-Iweala, Managing Director of the World Bank; “Developing countries lose between US$20 to US $40 billion each year through bribery, Misappropriation of funds and other corrupt practices.” In situations where individuals, organizations or nations have been defrauded, civil proceedings are reliable in recovering […]