Combining Tax and Financial Crime Prosecution in an Interagency Asset Recovery Strategy
I
51
2. For example, in South Africa the civil recovery of property under Chapter 6 of the Prevention of Organized Crime Act, 1998. 3. In the 1Malaysia Development Berhad (1MDB) case, for example, Malaysia recovered $2.9 billion from Goldman Sachs in a settlement linked to the embezzlement of money diverted from its sovereign fund. See US Department of Justice (2020).
References Blackham, Anthony. 2017. “Why Lawyers Are a Crucial Line of Defence for Tackling Money Laundering.” Telegraph, February 10, 2017. http://www.telegraph.co.uk/money/criminal -activities/anti-money-laundering-solicitors-front-line-defence/. FATF (Financial Action Task Force). 2012. Operational Issues: Financial Investigations Guidance. Paris: FATF. http://www.fatf-gafi.org/media/fatf/documents/reports /Operational%20Issues_Financial%20investigations%20Guidance.pdf. OECD (Organisation for Economic Co-operation and Development). 2017a. Effective Inter-Agency Cooperation in Fighting Tax Crime and Other Financial Crimes. 3d ed. Paris: OECD Publishing. https://www.oecd.org/tax/crime/effective-inter-agency-co-operation -in-fighting-tax-crimes-and-other-financial-crimes-third-edition.pdf. OECD (Organisation for Economic Co-operation and Development). 2017b. Fighting Tax Crime—The Ten Global Principles. http://www.oecd.org/tax/crime/fighting-tax-crime -the-ten-global-principles.htm. OECD (Organisation for Economic Co-operation and Development) and World Bank. 2018. Improving Co-operation between Tax Authorities and Anti-Corruption Authorities in Combating Tax Crime and Corruption. Paris: OECD Publishing. US Department of Justice. 2020. “Goldman Sachs Resolves Foreign Bribery Case and Agrees to Pay Over $2.9 Billion.” Press release, October 22, 2020. https://www.justice .gov/usao->edny/pr/goldman-sachs-resolves-foreign-bribery-case-and-agrees-pay -over-29-billion.
