IDEAS home Printed from https://ideas.repec.org/a/tec/journl/v19y2021i1p15-38.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://techniumscience.com/index.php/socialsciences/article/view/3117/1211
    Download Restriction: no
    File URL: https://techniumscience.com/index.php/socialsciences/article/view/3117
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Menkhoff, Lukas & Miethe, Jakob, 2019. "Tax evasion in new disguise? Examining tax havens' international bank deposits," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 176, pages 53-78.
    2. Posse, Dirk, 2015. "Zukunftsfähige Unternehmen in einer Postwachstumsgesellschaft. Eine theoretische und empirische Untersuchung," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 110257, December.
    3. Alexander E. Kentikelenis & Leonard Seabrooke, 2022. "Governing and Measuring Health Security: The Global Push for Pandemic Preparedness Indicators," Global Policy, London School of Economics and Political Science, vol. 13(4), pages 571-578, September.
    4. 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.
    5. Walaa Wahid ElKelish*, 2023. "Accounting for Corporate Human Rights: Literature Review and Future Insights," Australian Accounting Review, CPA Australia, vol. 33(2), pages 203-226, June.
    6. Lanyue Zhang & Stavros Sindakis & Nipun Dhaulta & Simplice Asongu, 2024. "Economic Crisis Management During the COVID-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 828-859, March.
    7. Nicholas Lord & Karin Van Wingerde & Liz Campbell, 2018. "Organising the Monies of Corporate Financial Crimes via Organisational Structures: Ostensible Legitimacy, Effective Anonymity, and Third-Party Facilitation," Administrative Sciences, MDPI, vol. 8(2), pages 1-17, May.
    8. Eleni Zafeiriou & Alexandros Garefalakis & Ioannis Passas & Konstantina Ragazou, 2023. "Illicit and Corruption Mitigation Strategy in the Financial Sector: A Study with a Hybrid Methodological Approach," Sustainability, MDPI, vol. 15(2), pages 1-16, January.
    9. Pagliari, Stefano & Kovras, Iosif, 2021. "Individual Accountability in International Economy Policymaking after the Global Financial Crisis," SocArXiv gn8tk, Center for Open Science.
    10. Sara Kahn-Nisser, 2021. "For better or worse: Shaming, faming, and human rights abuse," Journal of Peace Research, Peace Research Institute Oslo, vol. 58(3), pages 479-493, May.
    11. Hoyoon Jung, 2019. "The Evolution of Social Constructivism in Political Science: Past to Present," SAGE Open, , vol. 9(1), pages 21582440198, February.
    12. Ninon Moreau-Kastler & Farid Toubal, 2021. "Legal opacity, narcotics laws, and drug seizures," WIDER Working Paper Series wp-2021-191, World Institute for Development Economic Research (UNU-WIDER).
    13. Lingfu Kong & Emrah Sofuoğlu & Balogun Daud Ishola & Shujaat Abbas & Qingran Guo & Khurshid Khudoykulov, 2024. "Sustainable development through structural transformation: a pathway to economic, social, and environmental progress," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-34, April.
    14. Konovalova, Mayya & Tuck, Penelope & Ormeño Pérez, Rodrigo, 2023. "In search of the owner: Regulating through transparency," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 91(C).
    15. Hunjra, Ahmed Imran & Azam, Muhammad & Bruna, Maria Giuseppina & Bouri, Elie, 2023. "A cross-regional investigation of institutional quality and sustainable development," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    16. Andris Zimelis, 2020. "Corruption research: A need for an integrated approach," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 23(3), pages 288-306, September.
    17. World Bank Group, 2017. "World Development Report 2017 [Rapport sur le développement dans le monde 2017]," World Bank Publications - Books, The World Bank Group, number 25880.
    18. Richard Hanania, 2021. "The Humanitarian Turn at the UNSC: Explaining the development of international norms through machine learning algorithms," Journal of Peace Research, Peace Research Institute Oslo, vol. 58(4), pages 655-670, July.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tec:journl:v:19:y:2021:i:1:p:15-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tasente Tanase (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.