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Non-State Actors in Asset Recovery

Edited By Daniel Thelesklaf and Pedro Gomes Pereira

Non-state actors are of fundamental importance in the prevention and combating of corruption within asset recovery processes. Their roles and responsibilities were considered during an experts’ meeting hosted by the Basel Institute on Governance and the International Anti-Corruption Academy in September 2010.
This book contains essays presented at the meeting, written by practitioners and academics with extensive experiences in the numerous fields which comprise asset recovery processes. The contributions offer a diversity of views on roles which non-state actors (can) play in preventing and combating corruption and other forms of financial crimes.
The editors conclude by offering insights into ongoing challenges in asset recovery processes and ways to overcome these challenges.


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MELVIN AYOGU - Non-state actors and value recovery: Ganging to create political will 93


MELVIN AYOGU Non-state actors and value recovery: Ganging to create political will Using a more encompassing terminology that denotes a multi-faceted approach to combating pillage of public resources, this paper high- lights the centrality of political will in establishing a credible interna- tional regime of deterrence against grand corruption. Political will is a scarce and costly resource which contrary to popular expectation is not created by politicians. Therefore, the challenge before NSAs is to engender the required political will. One means to this end is through occupying decisively the respective domestic political space. These takeovers thus create the incentive to produce locally the necessary goods that are required internationally. How should NSAs play? Aca- demics can offer valuable insights through research. I. Introduction Notwithstanding that it is an economic crime, stealing of huge quanti- ties of public money also called ‘grand corruption’ clearly must be a profitable enterprise. Why else would it be so properly organised to generate an elaborate value chain that spans multiple jurisdictions; from victim countries where the crimes are perpetrated to the financial centre(s) of the world where the gains are stashed.1 Very few people would contest the view that value recovery of stolen money is a potent deterrent against corruption, yet the near unanimity around the bene- 1 Many of the publications cited herein refer to various estimates of the magnitude of the pillage. See for instance Baker (2005), and UNODC & World Bank (2007). 94 Melvin Ayogu fits of value recovery has not been...

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