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Example in practice
In 2004, US$ 624 million was transferred to the Philippine Treasury from Swiss bank accounts to repatriate funds stolen by former Philippine President Ferdinand Marcos, who allegedly embezzled between US$ 5 - 10 billion during his presidency. 5
Relevant links
—— The CamdenAssetsRecoveryInter-Agency Network (CARIN).
—— International Centre for Asset Recovery, Basel Institute on Governance.
—— UN Anti-Corruption Toolkit, Ch. 10 ‘Recovery and Return of Proceeds of Corruption’.
—— UNODC: Open-ended International Working Group on Asset Recovery.
—— World Bank: Stolen Asset Recovery (StAR) Initiative.
United Nations Office on Drugs and Crime, The Global Programme against Corruption – UN Anti-Corruption Toolkit, 3rd edition (Vienna: United Nations Office on Drugs and Crime, 2004).
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