Keywords : combating
THE POSITION OF INTERNATIONAL LAW ON ASSET RECOVERY WITHIN THE FRAMEWORK OF THE UNITED NATIONS CONVENTION AGAINST CORRUPTION OF 2003
Journal of college of Law for Legal and Political Sciences,
2021, Volume 10, Issue Issue 37 part 1, Pages 582-614
Corruption is a global and continuous phenomenon because it does not pertain to a specific community in itself or a specific historical stage, and societies still suffer from the growing problem of the phenomenon of corruption of all kinds, despite all the efforts made to fight it, and it is self-evident to say that the phenomenon of corruption is a phenomenon that is fought at all international levels. All agreements affirm that corruption is an unacceptable matter, and that it has become a reality that warrants punishment, but the problem is at the present time that the regular measures and mechanisms are insufficient to combat corruption because it differs from traditional crimes, and then there must be carefully studied and objective strategies that take Consider all aspects of this problem. Therefore, combating corruption may become impossible in the absence of effective and serious cooperation between states parties in combating corruption at the national and international levels, as the states parties are obligated to cooperate with each other in order to exchange technical assistance, expertise and information related to corruption, especially cooperation in investigations and procedures related to civil matters. And administration related to corruption,Stolen assets due to corruption pose a serious problem for the leakage of state funds. As these monetary losses undermine good governance, weaken state accountability towards citizens, and drain development resources. Efforts exerted at the global level to improve asset recovery have tended to focus on tracking financing, outlining the legal obstacles that hinder their recovery, and negotiating ways to return the funds. Developed and developing countries alike are responsible for stealing assets and marginalizing initiatives aimed at returning them to the countries from which they were stolen. And when banks, in the north and south, provide a safe haven for asset recovery, they are profiting from corruption.