01154nam a22000977a 4500100004000000245008700040260005400127300000800181520073500189856013200924  aThelesklaf, Daniel Pereira, Pedro G  aDevelopment Assistance, Asset Recovery and Money Laundering: Making the Connection  aSwitzerlandb Basel Institute on Governancec2011  a30p  aThis booklet aims to explain how money laundering impacts on development, why it needs to be tackled as part of development assistance and how asset recovery efforts can alleviate the destructive effects of financial crime. The traditional approach to tackling criminal activity, namely the prosecution and imprisonment of an individual, has been largely insufficient in curbing large-scale financial crime and corruption. One of the reasons is the fact that these crimes yield enormous financial profits – known as the proceeds of crime – for those individuals involved. The motivation behind such criminal activity is the profit itself. Often, the criminal would rather be imprisoned than be stripped of his unlawful assets.  uhttp://iffoadatabase.trustafrica.org/iff/development_assistance,_asset_recovery_and_money_laundering-_making_the_connection.pdf