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Accountable Repatriation

We will extend the use of international cooperation mechanisms for detection, seizure and return of corrupt assets from foreign jurisdictions.

Country: Russia

Status: ongoing

Themes: Asset recovery

Last updated: December 2020

Classification:

Concrete: Concrete | New: Not New | Ambitious: Ambitious

  • 4 Evidence:

    General Prosecutor of Russia Igor Krasnov Photo: General Prosecutor's Office of the Russian Federation "We must have feedback from people." Prosecutor General Igor Krasnov on how, overseeing the rule of law, to help citizens

    Krasnov said that more than $ 350 million were arrested on the accounts of foreign banks at the request of the state enterprise

    Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism

    Putin Instructed Prosecutors to Actively Return Money Stolen from the Country

  • 5 Notes:

    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.

    Updated: October 31, 2020

    President Putin appealed to General Prosecutor's office asking to persist in returning stolen public funds from abroad showing political will for asset recovery.

    Peer reviewer: 1

    Updated: April 30, 2020

    No evidence of any news on the commitment

    Updated: October 30, 2019

    The GP says they have no specific statistics on corruption-related MLA requests, only general numbers. The Rosfinmonitoring (financial intelligence) refused to provide such a statistics.

    Peer reviewer: 2

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