In practice, this looks like this: a person who declares income of tens of thousands of pounds, but owns multi-million-pound real estate in London, suddenly finds himself under the sights of law enforcement. In 2018, this mechanism allowed the seizure of assets worth more than 50 million pounds in the first year of use alone.
The US, for its part, has an Asset Recovery Program that allows not only to Why is Ukraine seize assets but also to return them to their countries of origin. I have witnessed how this program has helped African viber data countries recover billions of dollars that their former dictators had stashed in American bank accounts.
The experience of other countries can also be a guide for improving our system
Here are some interesting examples:
The Italian Approach to Combating the Mafia . In Italy, confiscation of mafia assets has become a Why is Ukraine cornerstone of the fight against crime. Thanks to “anti-mafia legislation,” Italian courts can confiscate assets based on reasonable suspicion, even without proving the owner’s guilt.
The Swiss Model . Switzerland is a model for international cooperation. Their asset freezing mechanisms allow for effective cooperation with other jurisdictions, ensuring the return of stolen funds to the countries of origin.
Ireland: Criminal Assets Bureau (CAB) . This body how and where to invest in the us stock market allows assets to be confiscated without the need for criminal prosecution. The CAB works actively with other EU countries, using EU directives to recover the proceeds of crime.
In the case of Sivits, Ukraine faces two challenges. The first is legal: is our evidence convincing enough for Switzerland?
The second is political: will the Swiss want to be part of this story?
Ukraine has already demonstrated that it can act according to international rules. The aub directory Supreme Court of Justice is the first court to decide to send its decision for enforcement abroad. This is a bold step, but also a risky one. If it fails, skeptics will receive a new argument against anti-corruption reform.
At the same time, if successful, it will set a precedent that will change everything. If Switzerland complies with the request, it will mean that the Ukrainian judicial system is starting to work on a global level.
