Accountable Repatriation
We will ensure availability of national competent authority for detection, seizure and return of corrupt assets from foreign jurisdictions.
Country: Russia
Status: ongoing
Themes: Asset recovery
Last updated: December 2020
Classification:
Concrete: Somewhat Concrete | New: Not New | Ambitious: Somewhat Ambitious
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5 Evidence:
"We must have feedback from people." Prosecutor General Igor Krasnov on how, overseeing the rule of law, to help citizens
Prosecutor General's Office told about the return of property of criminals from abroad
The Prosecutor General of the Russian Federation will have a new tool to combat corruption of officials
Russia is also a party to the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism:
The main supervisory authority received the right, including to send inquiries to foreign banks and authorized bodies of international organizations.
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6 Notes:
The Prosecutor General Office is being employed as the competent authority for detection, seizure and return of corrupt assets from foreign jurisdictions. The General Prosecutor Office in Russia has reported on large sums of assets alleged to be the proceeds of crime being recovered. Specifically, 65 requests for legal assistance in criminal cases related to the identification and seizure of property obtained by criminal means were sent to the competent authorities of foreign states, mainly to Latvia, Estonia, Cyprus and Switzerland. 39 of them were executed, which is almost twice more than in the last half of the year. According to our inquiries, over $ 350 million, as well as 18 real estate objects, remain under arrest in the accounts of foreign banks. Some of these proceeds come from corruption related crimes, such as Embezzlement and Bribery. Russia is also a party to the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism, which has clear guidance on confiscation and recovery of assets. In chapters III and IV of the Convention, there are rule on confiscation both at the national level and at the international cooperation level.
Peer reviewer: 1
Updated: October 31, 2020
No visible changes neither in law nor law enforcement in this area. The responsible agency has not answered to information request
Peer reviewer: 1
Updated: April 30, 2020
General prosecutor's office has been entitled to communicate with foreign authorities on issues of verification anti-corruption declarations of public officials and to seek foreign bank accounts and other financial instruments of those public officials who are forbidden to have foreign financial instruments by law.
Updated: October 30, 2019
GP office reports on seizure of about 450mln euro stolen assets abroad, although not connecting it directly with corruption offences.
Updated: October 30, 2019
Chapter are right to point out that 'criminals' might not necessarily equate to corruption offences. Nonetheless, the evidence does show that the assets are being detected and seized in foreign jurisdictions. Evidence of ongoing activity rather than complete or inactive.
Peer reviewer: 1
Updated: May 30, 2019