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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?

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

J. C. Sharman

Cornell University Press

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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