Corruption is the abuse of entrusted power for private gain. Corruption holds back economic development, prevents a free market from operating for businesses and consumers, and further exploits already marginalized groups. Economist Daniel Kaufmann has estimated that 2 percent of global GDP is lost to bribery alone every year. But these corrupt proceeds may not be gone forever—nations can use asset recovery to fight corruption, restoring stolen funds...
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DETAILS
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2019/12/01
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Publication
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144070
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1
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1
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2019/12/06
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Disclosed
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Going for Broke : Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases
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Citation
Brun,Jean Pierre; Silver,Molly Jeanette.
Going for Broke : Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases (English). Stolen Asset Recovery (StAR) Series Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/963821575381635662