Between 3–7 November, ISISC, in cooperation with the International Centre for Asset Recovery (ICAR), a part of the Basel Institute on Governance in Switzerland, is organizing a Workshop on “Mutual Legal Assistance and the Misuse of Offshore Structures”. The workshop addresses prosecutors and investigators from 5 MENA countries (Iraq, Jordan, Lebanon, Palestine and Tunisia).
The key objective of this training programme is to enhance the capacity of relevant law enforcement agencies in the MENA region in investigating and prosecuting international corruption cases and unraveling the beneficial ownership of criminal assets. Most importantly, the training will assist the authorities of countries in the MENA region in enhancing their staff’s ability to identify and initiate the key steps for addressing a successful request for foreign assistance to relevant foreign jurisdictions for a variety of investigative needs.
Offshore banking and structures remain a very lucrative investment and means for criminals to hide their illegal income and distance themselves from the beneficial ownership of stolen assets. Therefore, the workshop will focus on offshore corporations, trusts, ease of incorporation, secrecy, layering of trust and shell companies, ability to identify beneficial ownership and offshore banking.
The workshop involves the participation of two trainers and four international experts in the field of asset recovery and international co-operation from financial centres such as the United Kingdom, Switzerland and Lebanon. Their involvement will facilitate increased international co-operation with countries in the MENA region in the interests of solving transnational corruption and recovering illegal assets stashed abroad. It will also provide participants with insight into the domestic legal requirements for international co-operation of such jurisdictions and offshore structures such as trusts and international business corporations.