Impact of international asset recovery and anti-money laundering efforts on poverty reduction and political accountability
Query
What evidence has been gathered of the impact of international asset recovery on the accountability of political elites and on poverty reduction in developing countries? What equivalent evidence exists of the impact of developing country compliance with international anti-money laundering standards? The response should consider, in particular, relevant existing data collection by the World Bank, UNODC and IMF.Purpose
To describe the empirical evidence of the impact of international asset recovery and anti-money laundering efforts on poverty reduction and accountability of political elites.
Content
1. Introduction
2. Impact of international asset recovery on poverty reduction and political accountability
3. Impact of international anti-money laundering standards on poverty reduction and political accountability
Summary
In recent years there has been a lot of international focus on anti-money laundering and asset recovery in order to mobilise domestic resources for development. However, evidence of the effectiveness of these mechanisms to alleviate poverty and increase accountability of the political elite is few and far between.
Author(s): Farzana Nawaz, Transparency International, fnawaz@transparency.org
Reviewed by: Finn Heinrich, Ph.D., Transparency International, fheinrich@transparency.org
Publication date: 17 January 2010
Number: 230