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Asset recovery policy strategy of corruption proceeds placed abroad within the perspective of the state as a victim

Author

Listed:
  • M. Idris Sihite

    (University of Indonesia)

  • Muhammad Mustofa

    (University of Indonesia)

Abstract

This study aims to examine the policy for the recovery of assets resulting from corruption placed abroad with a descriptive-qualitative approach and using a methods case study. Based on the identification and interpretation of data with a policy framework criminal Hoefnagels (1969) and William N. Dunn's (2003) forecasting policy analysis. It was found that Indonesia needed to strengthen cooperation in the form of mutual legal assistance (MLA) and information on financial transactions with the country for which the assets were embezzled track, seize and freeze the assets of corruptors. The government needs a framework for new law in the form of an asset confiscation law that is supported by the availability of resources adequate human resources (HR) of law enforcers to facilitate the recovery process assets resulting from corruption abroad. The government also needs to reform the face of the bureaucracy and transparent, humanist, professional, and responsive to national law enforcement issues corruption. Indonesian political will to reciprocally provide assistance to other countries in the asset recovery process is highly recommended. The government also needs to reform the Asset Recovery Center (PPA) as an independent institution while strengthening the human resource capacity of the members.

Suggested Citation

  • M. Idris Sihite & Muhammad Mustofa, 2021. "Asset recovery policy strategy of corruption proceeds placed abroad within the perspective of the state as a victim," Technium Social Sciences Journal, Technium Science, vol. 19(1), pages 15-38, May.
    • Handle: RePEc:tec:journl:v:19:y:2021:i:1:p:15-38
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    References listed on IDEAS

    as
    1. Kim, Hun Joon & Sharman, J.C., 2014. "Accounts and Accountability: Corruption, Human Rights, and Individual Accountability Norms," International Organization, Cambridge University Press, vol. 68(2), pages 417-448, April.
    2. Emile van der Does de Willebois & Emily M. Halter & Robert A. Harrison & Ji Won Park & J. C. Sharman, 2011. "The Puppet Masters : How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It [Les Marionnettistes : Comment dissimuler les bien mal acquis derrière des structures juridiq," World Bank Publications - Books, The World Bank Group, number 2363.
    3. Jean-Pierre Brun & Larissa Gray & Clive Scott & Kevin M. Stephenson, 2011. "Asset Recovery Handbook : A Guide for Practitioners [Manual para la recuperación de activos : una guía orientada a los profesionales]," World Bank Publications - Books, The World Bank Group, number 2264.
    4. David U. Enweremadu, 2013. "Nigeria’s Quest to Recover Looted Assets: The Abacha Affair," Africa Spectrum, Institute of African Affairs, GIGA German Institute of Global and Area Studies, Hamburg, vol. 48(2), pages 51-70.
    5. Irina I. Frolova & Olga Yurievna Voronkova & Natalia Andreevna Alekhina & Irina Kovaleva & Natalia A. Prodanova & Liudmila V. Kashirskaya, 2019. "Corruption as an obstacle to sustainable development: A regional example," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 674-689, September.
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    Cited by:

    1. Ferry Anka, 2021. "Legal Protection for Debtors in Standard Contracts Related To the Application of the “Cross Default†Clause in Credit," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(6), pages 39-42, June.

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    More about this item

    Keywords

    Corruption; Corruption Assets; Asset recovery; The state as a victim;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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