Legal and Institutional Framework for Stolen Asset Recovery in Ethiopia
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Date
2020-05
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Addis Ababa University,
Abstract
Stolen asset recovery is the whole process of recovering illicit proceeds from all crimes and
returns them to their owners. The proceeds from the perpetration of a criminal action are often
transferred to other countries for laundering purposes. This hinders the government to use
these assets for the benefit of the people. The restitution of the assets obtained through crime
is regarded as a fundamental principle UNCAC. To have effective stolen asset recovery system
countries must have strong policy, law and institution. Having strong stolen asset recovery
system serve also as deterrent effect and achieve the maxim ‘crime should not pay’. This
article critically examine the existing Ethiopian Stolen Asset Recovery system. Although in
Ethiopia there are some laws scatteredly dealing with some element of stolen asset recovery,
there are still remaining gaps that should be addressed are indicated in this article.