EVENT- After the Luanda Leaks: The need for an EU plan to end the vicious cycle of Grand Corruption

Author
Lucinda Pearson
Date
14 February, 2020
Type
Event
Share

WHEN: 18th March, 11:00 – 13:00 (followed by lunch)
WHERE: The Office, Rue d’Arlon 80, 1040 Brussels

Recent corruption scandals, from the “Laundromat” money-laundering schemes to embezzlement on a grand scale by current and former political leaders, as recently shown by the Luanda leaks, have laid bare the EU’s role as an enabler when it comes to the handling of corrupt money.

The most recent trove of 715,000 documents revealed how Isabel dos Santos, the daughter of the former ruler of Angola, used her status to build a 2 billion dollar empire with the help of banks and other intermediaries in Europe at the expense of Angolan citizens. Dos Santos herself strenuously denies all allegations of wrongdoing
 
Although the EU has put in place measures to help the return of the proceeds of crime to the victim populations, they aren’t anywhere near effective enough. Far too few asset freezing orders lead to confiscation, and the assets that are eventually seized are rarely returned to victim populations. According to estimates, across the EU only 2.2% of all the proceeds of crime are frozen, and only a miniscule 1.1% is confiscated. One explanation for this is that the European recovery regime remains heavily reliant on the cooperation of third countries with autocratic leaders, corrupt regimes and weak judicial systems.
 
The EU needs to rethink its overall approach to asset recovery.  Join us for this event to discuss how.

Draft agenda

11:00 – 11:15 Coffee and registration

11:15 – 11:30 Welcome address
Michiel van Hulten
Director, Transparency International EU

11:30 – 13:00 Panel discussion
Moderated by: Laure Brillaud, Senior Policy Officer, Transparency International EU

  • Ana Gomes, Former Member of the European Parliament
  • Olivier Onidi, Deputy Director-General, Migration and Home Affairs, European Commission
  • François Membrez, Partner, Waeber Avocats
  • Ernesto Savona, Director, Transcrime
  • Sara Brimbeuf, Advocacy Officer, Asset Recovery, Transparency International France

13:00
Lunch

To register, please fill in the form below:

Related Projects

Asset Recovery

While new rules to strengthen EU anti-money laundering standards have just been agreed on, the EU also holds a responsibility to take action in the subsequent stages of the corruption life cycle, i.e. the freezing, confiscation and responsible...

Want to know more? Get in touch