Recovery of criminal assets

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Confiscation and Criminal Assets Recovery—Review of Bosnian Law

Confiscation and Criminal Assets Recovery—Review of Bosnian Law

This paper deals with the legal frameworks in Bosnia and Herzegovina {BiH} for confiscation and criminal assets recovery. It contains proposals for im- provement of local laws regulating domestic activities and international judicial cooperation for confiscation and criminal assets recovery. The pre- sentation is in pursuit of two goals: increase the efficiency of confiscation in BiH and intensify international legal contacts of BiH with other countries for the purpose of depriving offenders of their wealth and deter them from committing new crimes. Several legislative proposals are made, namely: abandon the crime-related confiscation and adopt the unexplained wealth confiscation, create two domestic rules: for international sharing of crime- conditioned assets and for confiscation on foreign requests of assets when the conditioning crime is beyond the applicability of the local criminal law. Also, it is argued that BiH is in need of submitting a declaration to European Con- vention on Mutual Assistance in Criminal Matters and the Second Additional Protocol thereto. This declaration should state that BiH accepts letters roga- tory from Parties to the Convention through the EUROJUST channel.
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Best principles for criminal assets management: Conceptual framework

Best principles for criminal assets management: Conceptual framework

The opinion above explains that law can be manipulated. Offender can gain benefit through his illegal activity not only for himself but also his family even when he is in the punishment phases. Corruptor should not be only punished in jail, but his asset should be forfeited also. Hence the proceeds of crime should be cut. Through forfeiting proceed of corruption; offender will be de-motivated to commit crime again since the destination to gain money will be unsafe. Further Atmasasmita (2014), quoted from Jeremy Bentham from his great work called Introduction to the Principles of Morals and Legislation, that “Nature has placed mankind under the government of two sovereign matters, pain and pleasure. It has for them to point out what we ought to do, as well as to determine what we shall do”. It means law should remind all mankind to choose to do all the things they ought to do, and determine what they shall do without mixing criminal minded to gain pleasure by doing illegal action which may cause pain in life, society, and country. Greenberg et.al (2009) in Stolen Asset Recovery book explained that the urgency of stolen asset regime is because of the problem as mentioned below:
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The Back-Door Governance of Crime: Confiscating Criminal Assets in the UK

The Back-Door Governance of Crime: Confiscating Criminal Assets in the UK

This paper contributes to ongoing debates about the value of the confiscation of proceeds of crime approach by reviewing the current literature as well as examining a subset of JARD data to see what the evidence can demonstrate about the performance of the regime. The data we examined suggest that, in practice, seizing illicit wealth has not been the main priority for the government, rather, the POCA 2002, originally designed to target serious and organised crime, has been streamlined to be used predominantly as a disciplining and symbolic tool against relatively low- level acquisitive crimes. There is, however, little evidence to say whether it has been effective against the most harmful criminal enterprises and networks. Currently, evidence of deterrent, disrupting or harm-reduction impact of asset recovery and anti-money laundering measures on criminal markets, especially in relation to organised crime and terrorism, remains weak (Levi 2003, 2013; Alldridge 2003; Levi and Maguire 2004; Gallant 2005, 2014; Levi and Reuter 2006; Harvey and Lau 2008; Sproat 2009; Goldsmith et al. 2014; NAO. 2016; Atkinson et al. 2017). Individual agencies use a range of internal measures of impact, but these approaches cannot isolate the impact of specific measures such as confiscation orders (NAO 2016: 37). Some critics argue that better metrics are needed in order to be able to assess and compare asset recovery with other methods of disruption (Stott 2014: 30; Creedon 2014: 8). Socio-metric analysis, however, offers no insights into how offenders operate, respond and adapt to regulation (Hobbs 2014; Levi and Reuter 2006; see also Antonopoulos and Hall 2016; Trainor 2017; Wood 2016b).
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The Up-Cycle Beyond the Crime: The Productive Re-Activation of Confiscated Criminal Assets

The Up-Cycle Beyond the Crime: The Productive Re-Activation of Confiscated Criminal Assets

November 2013 in Kigali, Rwanda following a resolution taken during the 7th Annual General Meeting of the East Africa Association of Anti- Corruption Authorities (EAAACA). The countries that constitute EAAACA are Burundi, Djibouti, Ethiopia, Kenya, Rwanda, South Sudan, Tanzania and Uganda. Each of the 8 EAAACA Members has nominated two focal points to the network one of which should be from the anti- corruption agency and the other may be a prosecutor or judicial officer depending on a country’s judicial system. ARIN-EA is administered by a steering group of five members drawn from the focal points. One of the Steering Group members is elected President for a period of two years. Membership to the steering group and the presidency will rotate among all the eight Eastern Africa countries. In South America the Red Regional de Recuperación de Activos de GAFISUD (Regional Asset Recovery Network of GAFISUD) is a network for exchange of information between contact points. RRAG was officially launched on 23–24 March 2009 in Panama City. This network started by the initiative of the UN Office on Drugs and Crime (UNODC) and with the support of the Inter-American Commission for Drug Abuse Control of the Organization of American States (CICAD / OAS), Interpol and the Executive Secretariat the financial Action Task Force of South America (GAFILAT). It aims to facilitate the identification and location of assets, products or instruments derived from illegal activities. Today RRAG-SA has Country registered member from Argentina, Bolivia, Brasile, Cile, Colombia, Costa Rica, Cuba, Ecuador, Guatemala, Honduras, Messico, Nicaragua, Panama, Paraguay, Perù e Uruguay). 54 .
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Reassessment of Fixed Assets

Reassessment of Fixed Assets

Making the economic decisions depend to a large extent on the quality and level of information that owns. The quality and the reliable information obtained from financial statements is very important for successful decision-making and the economic development of a country, for the development of financial markets, to promote the entry of foreign investments and economic stability of the country. The financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS") published for the first time by the Board of the International Accounting Standards. This study aims to present information related to the valuation of assets by taking as a concrete case Durres Port Authority. Risk assessment and return of assets is the basis of quantitative distribution of assets and portfolio risk management. The economists can calculated these parameters through the observed price. These awards provide information on the value of the asset, based on valuation methods and individual analysts' expectations. In this content, to continue with the results, we need to understand how we can asses individual titles in accordinace with the market.
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Assets of the Motor State

Assets of the Motor State

Michigan’s University Research Corridor (URC) – which includes Michigan State University (MSU), the University of Michigan (U-M) and Wayne State University (WSU) – provides a un[r]

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Up-and-Coming Assets

Up-and-Coming Assets

Bill Reid, president and CEO of Memphis-based ICBA Financial Services, sees significant opportuni- ty ahead for community banks looking to tap this segment. “Baby boomers, who traditionally repre- sented the best loan candidates for community banks, are reaching the point where they’re prepar- ing for retirement,” Reid says. “They’re going to be liquidating hard assets and replacing them with

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(By Total Assets) ($MM)**

(By Total Assets) ($MM)**

*Discretionary and nondiscretionary assets under management reported on Form ADV.. **Average assets per client relationship.[r]

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Assets management with FusionInventory

Assets management with FusionInventory

Outline Global Overview Installation Network Discovery Remote SNMP Inventory Wake On Lan Software Deployment. vCenter/ESX/ESXi remote inventory Inventory[r]

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Essays on Islamic Assets

Essays on Islamic Assets

The daily stock and bond returns are in US dollars for 8 Western countries (US, Germany, Italy, UK, Japan, France, Canada and Australia) and 3 Muslim countries (Indonesia, Malaysia and Turkey). The Islamic and conventional stock returns are mostly from MSCI and are available for all above countries since 11 August 2006 although some countries have data from 30 December 1999 (Islamic and conventional Dow Jones indices for the US, UK and Canada) or from 31 May 2005 (FTSE Bursa Malaysia Hijrah Shariah Index for Malaysia). 45 The Islamic bond indices (sukuk) are limited to Malaysia (31 May 2005), whereas conventional bond indices are available for all the above countries from JPM, FTSE, Barclays and other providers. 46 The choice of sample period is to cover the longest period over which data on Islamic assets and on macroeconomic announcements and consensus forecasts is available because the focus of my thesis is on the difference between the Islamic and conventional stocks and bonds and I need macroeconomic data to test those hypotheses. Due to the limitation in the availability of macroeconomic announcement and consensus expectation data (with their exact release day and time) I need to reduce the sample period to January 2003 until 30 August 2013 for three countries (US, France and Italy) and shorter sample periods for countries where consensus forecast data starts after that (another 2 countries from 2007 onwards, 2 countries from 2008 onwards and 4 countries from 2011 onwards).
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CRIMINAL LAW - CRIMINAL ECONOMIC LAW

CRIMINAL LAW - CRIMINAL ECONOMIC LAW

Since its foundation Estudio Durrieu represents its clientele, in cases of illegal liquidation of companies assets, or creditors that were unable to collect their assets due to the unlawful liquidation of they. An interesting case is the expansion of capital stock of a company, when there are minority shareholders that haven’t complied with the capital subscription plan. Fraudulent administration and the inobservance of granted rights are other type of crimes that we usually try to prevent.

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Firms generate cash flows by using assets without assets, there would be

Firms generate cash flows by using assets without assets, there would be

Two adjustments must be made to the numbers on Row 111 to arrive at the par- ent cash flows. First, the cannibalism of after-tax profits from Germany also affects the parent, so we subtract these flows on Row 112. Also, the after-tax salvage val- ues of the building, equipment, and working capital contributed above the initial allotment (remember the initial NOWC was financed with a local loan) are added back even though the company has no intention of abandoning the Shanghai oper- ation. Their inclusion reflects the assumed Year 5 market value of the assets in place that are “owned” by the parent that could be realized by selling the operations to a Chinese company. Row 114 shows the parent cash flows. Discounting the parent’s cash flows at its foreign-risk-adjusted cost of capital, 11.75 percent, gives an NPV of approximately $1.8 million, an IRR of 8.14 percent, and a payback of 4.56 years. Because the NPV is negative, the project appears to be unprofitable from the parent perspective. Also, the same two caveats apply here that we mentioned in the project perspective analysis. First, the only reason the project “pays back” is because of the salvage value recovery. This is worrisome because the salvage value is espe- cially uncertain. Second, if it is determined that subtracting the cannibalism value is
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Diluted net income per share. Total assets Net assets Equity ratio Net assets per share

Diluted net income per share. Total assets Net assets Equity ratio Net assets per share

(2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements 5 (3) Changes in Accounting Policies and Accounting-based Estimates, and Restat[r]

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Investment in financial assets

Investment in financial assets

Iz tablica su izostavljene dionice sa negativnim očekivanim prinosom (dionice Zagrebačke banke, Ine, Ericson Nikole Tesle), te dionice Atlantic Grupe i SN Holdinga [r]

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Criminal Law. The Nature of Criminal Law. Our Criminal Law Team

Criminal Law. The Nature of Criminal Law. Our Criminal Law Team

Usually the answer, as it turns out, is yes. If the police have contacted you in relation to an alleged offence or have charged you with an offence, then the sooner you arrange for your lawyer to be on-side looking after you, the better. Our Criminal Lawyers are very familiar with police processes and can assist you through this process right from the start. We can help ensure that anything you say or do is designed to ultimately get you the best result.

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U4 ISSUE. The role of donors in the recovery of stolen assets. Gretta Fenner Zinkernagel Pedro Gomes Pereira Francesco De Simone

U4 ISSUE. The role of donors in the recovery of stolen assets. Gretta Fenner Zinkernagel Pedro Gomes Pereira Francesco De Simone

of the country where the crime was originally committed, and laundered through complex financial and commercial transactions, often spanning across numerous jurisdictions. Asset recovery – the process of identifying, restraining, seizing, and repatriating these assets to the countries from whence they were originally stolen – is one of the greatest challenges for the global anti-corruption movement. Asset recovery is also an essential development challenge, as it usually involves repatriating funds back to a developing country where they were stolen, and where they could be used to support development projects. As a bridge between aid recipient and donor countries, donor agencies are uniquely positioned to support asset recovery initiatives. Interesting examples are emerging of how donors can support asset recovery by: (i) supporting international standards and initiatives; (ii) providing technical assistance and capacity building (most often through third parties); (iii) encouraging policy coherence at home; (iv) helping build political will; and (v) providing assistance during the asset repatriation phase.
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The Taxation of Risky Assets

The Taxation of Risky Assets

This implies that variations in the earnings price ratio accounts for between one and 17 percent of the variation in stock market returns.9 It seems fair to conclude that most of the ris[r]

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MANAGING RESOURCES AND ASSETS

MANAGING RESOURCES AND ASSETS

The Health, Safety and Wellbeing Team in the People Services Branch maintain focus on prevention and wellbeing at work, early intervention and the management of rehabilitation and retu[r]

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A Review of Complementary Assets

A Review of Complementary Assets

DOI: 10.4236/ajibm.2019.99116 1776 American Journal of Industrial and Business Management complementary assets on the type of innovation. Almost all studies draw consis- tent conclusions. Complementary assets can make enterprises dependent, which is not conducive to the development of breakthrough innovation. For example, Thomke and Kuemmerle (2002) found that companies with more complemen- tary assets tend to increase innovation and neglect radical innovation, because the complementary technologies and R&D complementary assets formed in the past R&D activities will provide themselves with many new technological op- portunities within the original technology system [15]. Lai and Chiu et al. (2010) also hold the opinion that complementary assets will enable companies to de- velop along the original technology trajectory, and new technologies are depen- dent on the company’s original internal technology [16]. The third category is the impact of complementary assets on the formation of innovation, and most of the researches treat complementary assets as a regulatory variable. Li and Fang (2010) proposed to enhance the breakthrough innovation capability through dif- ferent complementary assets based on the resource-capability-performance theo- retical framework of enterprise resource strategy, that is, to actively increase radi- cal innovation capability. In turn, it affects enterprises’ radical innovation perfor- mance [17]. This theory opens the black box of complementary asset operating mechanisms. The fourth category is the role of complementary assets in technolo- gical innovation. Xiong and Fang (2010) found that the impact of different types of complementary assets on radical innovation is different through the survey of listed companies. Complementary manufacturing and human assets are not con- ducive to radical technological innovation, and the accumulation of complemen- tary marketing assets is conducive to radical technological innovation [18]. In the latest research, Alvarez-Garrido and Dushnitsky (2016) found that the innovation performance is influenced by the type of investors, that is, the innovation output rate of investment by corporate investors is higher than that of independent in- vestors because they have more complementary assets needed for innovative companies [19].
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Corporate Assets, Inc.

Corporate Assets, Inc.

UNKNOWN FUME HOOD WITH SLIDING GLASS DOOR, APPROX. UNKNOWN FUME HOOD, APPROX.[r]

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