How to Seize a Billion: Exploring Mechanisms to Recover the Proceeds of Kleptocracy
Published by SOC ACE Research Programme
ASSET RECOVERY MECHANISMS
This paper explores alternative asset recovery mechanisms that could help respond to the immediate policy goal surrounding Russian-linked sanctioned assets and contribute to strengthening the broader asset recovery framework in the UK for the longer term. It sets out the current challenges related to confiscation of proceeds of grand corruption and explores the limitations of UK civil recovery mechanisms when seeking to tackle such proceeds. Given these challenges, the research looks at examples of three alternative mechanisms across four jurisdictions – Australia, Switzerland, Ireland and Italy – weighing their potential and limitations in relation to issues such as a lower standard of proof or reversed burden of proof, as well as reframing around ‘societal danger’, and their legal applicability in UK legislation.
Nizzero, M. (2023). How to Seize a Billion: Exploring Mechanisms to Recover the Proceeds of Kleptocracy. SOC ACE Research Paper No. 16. Birmingham, UK: University of Birmingham.