rgb(145,47,70)
rgb(209,125,45)
rgb(26, 111, 136)
rgb(0,151,117)

Global Asset Recovery Forum

The UK will work with others to establish a Global Forum for Asset Recovery and will provide resources to support it. We will co-host the inaugural meeting of the Global Forum with the United States of America in 2017, focusing on Nigeria, Ukraine, Tunisia and Sri Lanka.

Country: UK

Status: complete

Themes: Asset recovery

Last updated: December 2020

Classification:

Concrete: Concrete | New: New | Ambitious: Somewhat Ambitious

  • 4 Evidence:

    UK National Anti-Corruption Strategy Year 2 Update, Page 28

    UK Asset Recovery Action Plan

    Global Forum on Asset Recovery (GFAR)

    Accountable asset return

  • 4 Notes:

    The inaugural meeting of the Forum was co-hosted by the UK and the USA in December 2017, with support from the joint World Bank and UNODC Stolen Asset Recovery Initiative (StAR) and focusing on assistance to Nigeria, Ukraine, Tunisia and Sri Lanka.

    The Forum aimed to step up international efforts on asset recovery, and at the Summit 20 other countries committed to strengthen or reinforce legislation to ensure stolen assets can be recovered.

    According to the UK Anti-Corruption Strategy: 1 Year Update, the principles for transparent and accountable asset return introduced at the Global Forum on Asset Recovery began to be incorporated in 2018 by the UN in its UN Convention Against Corruption experts’ working group.

    The UK Anti-Corruption Strategy Year 2 Update states that HM Government “participated in the UNODC led international expert meeting on asset return in May which agreed a set of recommendations which reinforce the GFAR Principles on Asset Recovery.

    Updated: October 31, 2020

    The Home Office's Asset Recovery Action Plan, published alongside the 2019 Economic Crime Plan, continues to press for international action through the Global Forum for Asset Return (GFAR), as mentioned in point 57.

    Peer reviewer: 1

    Updated: April 30, 2020

    The Global Forum on Asset Recovery was held in Washington, DC, from 4-6 December 2017.

    Updated: April 30, 2018

UK's Commitments
View Methodology Download Data