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.
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
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