Belt and Road Initiative: legal mechanisms to recover stolen assets

Veltrice Tan

Journal of Financial Crime, 2024, vol. 31, issue 4, 864-882

Abstract: Purpose - This paper aims to determine the types of legal mechanisms that authorities can use to recover stolen assets for and from China. Design/methodology/approach - Newspaper articles and books are examined as are relevant reports by various regulatory authorities and academic institutions. Findings - The effectiveness of legal mechanisms in the recovery of stolen assets may be affected by issues such as the difficulties in tracing illicit funds, the ambiguous nature of “value” as well as the rise in technology. Research limitations/implications - There are limited data available in relation to the prevalence of corrupt officials along the Belt and Road Initiative and the statistical success in the recovery of stolen assets. Any discussions within this paper are based on the impressionistic observations of this author, which may not reflect the true state of affairs of the Belt and Road Initiative. Practical implications - Those who are interested in examining how authorities could recover stolen assets from and for China will have an interest in this topic. Originality/value - The value of the paper is to demonstrate the difficulties in recovering stolen assets for and from China.

Keywords: Belt and Road Initiative; China; Corruption; Recovery; Stolen assets (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-11-2023-0294

DOI: 10.1108/JFC-11-2023-0294

Access Statistics for this article

Journal of Financial Crime is currently edited by Dr Li Hong Xing and Prof Barry Rider

More articles in Journal of Financial Crime from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().