So we would add no safe havens for proceeds from corruption.

Speakers also highlighted the importance of strengthening international cooperation to combat corruption and of establishing a mechanism to facilitate the return of proceeds of corruption to their countries of origin.

The obligations of States under the Maputo Convention relate not only to laundering the proceeds of corruption, illicit enrichment and the funding of political parties, but also to cooperation and mutual legal assistance in combating corruption.

Egypt was actively combating corruption and money laundering and was working to recover the proceeds of crime and return them to the rightful owners.

The idea was principally to study how to implement the criminalization provisions relating to laundering the proceeds of crime, corruption and participation in organized criminal gangs.

Presented papers on international criminal law, the International Criminal Court, international penal law conventions, terrorism, corruption and proceeds of crime to various international forums and conferences

These projects focus on preventing and combating corruption, including through the development and benchmarking of comprehensive anti corruption policies the strengthening of integrity, accountability and capacity of criminal justice institutions the promotion of integrity in the public and private sectors and the prevention of laundering of the proceeds of corruption and the recovery of assets.

Laundering of proceeds of crime

Legalization of proceeds of crime

9. Invites Governments to strengthen international cooperation aimed at preventing and combating corruption and the laundering of proceeds derived from trafficking, including for purposes of commercialized sexual exploitation

Control of the proceeds of crime

Control of the proceeds of crime

Referring to the innovative provisions on asset recovery in the Convention against Corruption, he emphasized the need to complement that legal framework with technical assistance geared towards enhancing the capacity of national criminal justice systems to successfully deal with the recovery of proceeds of corruption.

They accorded high priority to the need to establish appropriate and efficient legal and administrative mechanisms and methods for facilitating the return of proceeds of corruption to their countries of origin.

Recommendation 103 (proceeds)

In the fight against corruption, Colombia considered it important to promote the principle of shared international responsibility and insisted that banking secrecy should be lifted, and the funds originating from corruption seized and returned in order to attack the financial proceeds of such crimes directly.

Information was also provided on the confiscation of assets and proceeds of crime and the sharing of such proceeds.

10. Invites Governments to strengthen bilateral, regional and international cooperation aimed at preventing and combating corruption and the laundering of proceeds derived from trafficking, including for purposes of commercialized sexual exploitation

While it is impossible to measure precisely the full extent of the transfers of illicit assets owing to the nature of such activities, there can be little doubt that corruption and the laundering of proceeds derived from corruption have a cancerous effect on economies and politics around the globe.

Criminalization of the laundering of proceeds of crime

(e) Preventing and combating the transfer of proceeds of offences established in accordance with this Convention and recovering such proceeds

Special rules on proceeds

Disposal of confiscated proceeds of crime or property

Prevention and detection of transfers of proceeds of crime

In such a situation, dealing with past acts of corruption and recovering the respective proceeds was essential for any Government when trying to regain the trust of its citizens and overcome the culture of impunity.

Accounting for proceeds from the sale of property

Equally important was the targeting of its proceeds.

Proceeds of awards pending disposition a 0.5 0.6

(a) Proceeds of crime derived from offences covered by this Convention or property the value of which corresponds to that of such proceeds

(v) Disposal of confiscated proceeds of crime (article 14)

(v) Disposal of confiscated proceeds of crime (article 14)

Money laundering and control of the proceeds of crime

Priority of acquisition security rights in proceeds of inventory

Proceeds derived from the offence

Proceeds from revenue producing activities

Criminalization of the laundering of proceeds of crime (art. 6)

Criminalization of corruption

Impact of corruption

1. This Convention shall apply, in accordance with its terms, to the prevention, investigation and prosecution of corruption and to the freezing, seizure, confiscation and return of the proceeds of offences established in accordance with this Convention.

(a) Proceeds of crime derived from offences established in accordance with this Convention or property the value of which corresponds to that of such proceeds

Maintaining statistical data on seized proceeds of money laundering

Maintaining statistical data on confiscated proceeds of money laundering

Freezing, seizure and confiscation of proceeds of drug trafficking offences

Freezing, seizure and confiscation of proceeds of other serious crimes

Article 5 Sharing of confiscated proceeds of crime or property