During the Anti-corruption Summit in London on May 12 2016, then Prime Minister David Cameron announced the creation of a new global forum to step up international efforts on asset recovery. The forum will be co-hosted with the United States and supported by the United Nations and World Bank, and aims to bring together law enforcement agencies to work together to recover stolen assets.

The first forum will focus on returning assets to Nigeria, Ukraine, Sri Lanka and Tunisia.

The Prime Minister's Office stated that:

"The forum will strengthen co-operation between the countries that have had assets stolen and the countries where those assets are hidden, and help ensure law enforcement on both sides drive forward vital work to return illicit funds."

For further information on this topic please contact Kathleen Harris, Stuart Baker, Michael J Atkinson or James McSweeney at Arnold & Porter LLP by telephone (+44 20 7786 6100) or email (kathleen.harris@aporter.com, stuart.baker@aporter.com, michael.atkinson@aporter.com or james.mcsweeney@aporter.com). The Arnold & Porter website can be accessed at www.arnoldporter.com.

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