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Developing countries lose an estimated US20-40 billion each year through bribery, misappropriation of funds, and other corrupt practices. Much of the proceeds of this corruption find 'safe haven' in the world?s financial centers. These criminal flows are a drain on social services and economic...
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This paper, the first of two on global oil theft and fraud, discusses the prevalence, methods, and consequences of … are conducted. The mixing of legal commercial operations with illegal oil theft activities and fraud obscures many oil … global oil theft, valued at US$133 billion per year and equivalent to 5-7 per cent of the global market for crude oil and …
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The Asset Recovery Handbook: A Guide for Practitioners was first published in 2011 by the Stolen Asset Recovery Initiative, a joint initiative of the United Nations Office of Drugs and Crime and the World Bank focused on encouraging and facilitating a more systematic and timely return of stolen...
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This second of two papers on global oil theft discusses ways to reduce oil theft, misappropriation, and fraud. At US … revenue in 2019. Organized oil crime syndicates are often transnational and conduct theft and fraud professionally, exploiting …-on-crime activities. Twelve commonalities in oil theft and fraud have been identified that can direct international solutions, in three …
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