In this update:
- Recovery of illicit assets – Mubarak’s resignation sparks fresh calls for action
Recovery of illicit assets – Mubarak’s resignation sparks fresh calls for action
The resignation of President Hosni Mubarak of Egypt has sparked fresh calls for action for the recovery of illicit assets. TI Chair, Huguette Labelle, has joined in this call, reflecting on TI’s work researching national integrity systems, particularly in the Middle East and North Africa. TI’s recent reports, (including ‘The Good Governance Challenge: Egypt, Lebanon, Morocco and Palestine’) constitute a sound basis for any new government committed to building strong, independent institutions that will restore the trust of its people. The UNCAC Coalition, which TI leads, has put out an important call to investigate the wealth of the Mubarak family. The TI Bangkok Declaration on the management of frozen and stolen assets, passed unanimously at the Annual General Meeting in November, called on governments around the world to take strong action against stolen assets.