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Webinar: Unlocking the Potential of Equivalent Value-based Measures in Asset Recovery
22 Apr 2025, 15:00
Economic Crimes and Asset Recovery Network
Speakers: Stefano Betti, StAR Consultant
Understanding Equivalent Value-Based Confiscation: Importance, Legal Framework and Key Findings
Yael Bitton, Unit Chief, Department of International Affairs, Office of the State Attorney, Ministry of Justice, Israel
Implementing Equivalent Value-Based Confiscation: Recommendations, Practical Applications and Case Studies
Facilitator: Irina Beridze, Executive Programme Manager, IAP
The Stolen Asset Recovery (StAR) Initiative is a collaborative effort between the World Bank Group and the United Nations Office on Drugs and Crime (UNODC) that works with developing countries and financial centres to support international efforts to eliminate safe havens for corrupt funds and facilitate more systematic and timely return of proceeds of corruption. StAR aims to achieve this by working directly with jurisdictions, by contributing to the international debate on anticorruption and asset recover and by drafting reports and conducting research on such topics.
Corruption significantly harms the poor and most vulnerable in society, escalating costs and restricting their access to fundamental services. It diminishes trust in governmental institutions and fuels conflict and fragility. Proceeds of corruption can be hidden in different ways; by setting up shell companies abroad or buying high end assets such as real estate, jewellery or exotic cars.
An ongoing challenge in seizing and confiscating proceeds of crime is the requirement to establish a clear link between a specific asset and a particular crime. After years of a corrupt regime having been in power, such direct links may be hard to demonstrate. To address this issue, equivalent value-based confiscation (EVB) offers a solution by enabling the confiscation of assets equivalent in value to the benefit derived from criminal activities, regardless of their origin. StAR’s new publication delves into the utilisation of EVB measures as a tool for asset recovery in cases of corruption and financial crimes.
This webinar will provide an overview of StAR’s priorities and efforts in addressing corruption and the recovery and return of stolen assets and feature StAR’s latest publication, considering the challenges and good practices in the use of equivalent value-based confiscation measures as a tool for asset recovery.
The webinar will be held in English and no interpretation will be provided. However, attendees can access live automated translated captions via the Zoom platform during the webinar. All attendees will receive a certificate of attendance. The webinar is open to all IAP organisational and individual members.
Please note that this webinar will be recorded.
For more details, please contact Ms. Irina Beridze, Executive Programme Manager of the IAP, at epm@iap-association.org
We look forward to welcoming you at the webinar!