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The Despot's Guide to Wealth ManagementOn the International Campaign against Grand Corruption$
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J. C. Sharman

Print publication date: 2017

Print ISBN-13: 9781501705519

Published to Cornell Scholarship Online: September 2017

DOI: 10.7591/cornell/9781501705519.001.0001

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The United Kingdom

The United Kingdom

Development, or Sleaze and the City?

Chapter:
(p.118) 4 The United Kingdom
Source:
The Despot's Guide to Wealth Management
Author(s):

J. C. Sharman

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501705519.003.0005

This chapter examines the experiences of the United Kingdom in hosting, tracing, and returning the proceeds of grand corruption from abroad. Public top-level political commitment to the anti-kleptocracy norm has translated into only very partial policy effectiveness. The British government then took a close interest in the issue of asset recovery subsequently at home and in multilateral settings. It instituted a program that may serve as something of a model for other countries to follow, whereby development aid money is used to track down looted assets in London. The chapter explains that a sincere normative commitment by successive prime ministers to development-related campaigns against international corruption has led to important and innovative policies to track foreign kleptocrats' wealth in Britain.

Keywords:   United Kingdom, grand corruption, anti-kleptocracy norm, asset recovery, foreign kleptocrats, British government

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