The Social Re-Use of Seized and Confiscated Assets: Good Policies and Practices
Organized crime and corruption undermine state revenues, weaken institutional credibility, and obstruct long-term development goals. Asset recovery, and in particular the social re-use of seized and confiscated assets, is a key response to ensure that illicitly-acquired resources - from financial proceeds to real estate - are not only recovered, but also redirected to serve community needs. The social re-use of seized and confiscated assets is an essential element of the asset recovery cycle, which includes the tracing, seizure, confiscation, management, and eventual return of illicitly-obtained assets. Social re-use is not only about sanctioning crime, but it also refers to channelling confiscated assets back into society by investing them in healthcare, education, employ...