Recovering the stolen assets: Understanding gatekeeper's activities

15 Aug 2011

This paper identifies the link between gatekeepers and corruption, and examines how money laundering mechanisms are used to conceal the proceeds of corruption. In order to successfully trace and recover stolen assets, we need to understand how gatekeepers utilize various money laundering mechanisms and offshore financial centres. This writing highlights how gatekeepers operating in the private sector, wittingly or unwittingly, use their expert knowledge of the international financial system to facilitate corruption by helping corrupt leaders legitimate, secure, and obfuscate the movement of the proceeds of corruption within the global banking system. It also looks at potential alternative responses to further curb gatekeeper’s roles in the money laundering process.