The OECD and StAR analyse how to calculate the proceeds of bribery
LONDON (TrustLaw) – Calculating the proceeds of bribery is a major challenge that law enforcers may now find easier thanks to a new report offering tips taken from countries around the world.
The report by the Organisation for Economic Co-operation and Development (OECD) and the Stolen Asset Recovery Initiative (StAR), a World Bank/United Nations partnership, analyses through case studies how to identify and quantify the proceeds of bribery in order to confiscate or recover them.
The “Identification and Quantification of the Proceeds of Bribery” report draws on case studies from the UK, Germany, Switzerland, the United States, South Africa and Indonesia to illustrate the different methods used to quantify the proceeds of bribery in different legal jurisdictions.
“This report is important because it is the first one that categorises the main methods used in calculating ill-gotten gains across different legal systems,” Jean Pesme, StAR coordinator said in a statement.
“In many countries, the idea of penalising bribery is perceived as too complicated to be seriously pursued. This book lays out in practical terms, and for all potential scenarios, well established practices that can be followed by practitioners,” Pesme added.
(Editing by Rebekah Curtis)
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