A New Foreign Policy Frontier: Asset Recovery and Combating Illicit Financing
Please join us for keynote remarks by Ambassador Roberto Balzaretti, legal adviser to the Swiss Federal Department of Foreign Affairs, followed by a panel discussion on the strategy, reforms, and challenges of asset recovery and combating illicit financing. The 2003 United Nations Convention Against Corruption established the recovery of stolen assets as a fundamental principal of international public law. Switzerland is widely recognized for its pioneering role in promoting proactive asset recovery policies and has itself enacted the Foreign Illicit Assets Act to ensure that the five principals of asset recovery - prevention, due diligence, obligation to report, international mutual legal assistance, and restitution - are operationalized. How are other states working to strengthen asset recovery capabilities? How has technology improved tracking illicit financing and how has it been used to thwart detection? Can anti-kleptocracy measures be used as retaliation against state-sponsored corruption?
This event is supported by the Embassy of Switzerland and is co-sponsored by FDD's Center on Sanctions and Illicit Finance.