The Practical Experience of Financial Investigations in the Republic of Kazakhstan: Problems of Searching and Returning Assets from Abroad
https://doi.org/10.17803/2713-0533.2023.4.26.817-846
Abstract
The article discusses the practical experience, prospects and vectors of development of financial investigations in Kazakhstan, the problems associated with the search and return of assets located abroad. The authors focus on the main obstacles faced by law enforcement agencies in the investigation of financial crimes, as well as existing mechanisms for the return of fraudulently acquired funds from abroad. The article highlights examples of successful and unsuccessful mechanisms for asset recovery, provides recommendations for improving the situation in this area.
About the Authors
K. K. Seitenov
Law Enforcement Academy under the Prosecutor General’s Office of the Republic of Kazakhstan
Kazakhstan
Kazakhstan
Kaliolla K. Seitenov, Dr. Sci. (Law), Professor, First Vice-Rector
S. V. Efimov
Financial Investigations and Forensic Expertise (FI.Center)
Russian Federation
Russian Federation
Sergey V. Efimov, Cand. Sci. (Economics), Managing Partner
16/5, bld. 1 Potapovsky Pereulok, Moscow 101000
P. L. Chernov
Financial Investigations and Forensic Expertise, (FI.Center)
Russian Federation
Russian Federation
Pavel L. Chernov, Cand. Sci, (Economics), Managing Partner
16/5, bld. 1 Potapovsky Pereulok, Moscow 101000
References
1. Brun, J-P., Sotiropoulou, A., Gray, L., Scott, C. and Stephenson Kevin M., (2011). Asset Recovery Handbook: A Guide for Practitioners. The International Bank for Reconstruction and Development: International Bank for Reconstruction and Development. The World Bank.
2. Brun, J-P. and Silver, M., (2020). Going for Broke: Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases: International Bank for Reconstruction and Development. The World Bank.
3. Duisenbekova, A., (2019). Trends in the development of the ¿ ght against the legalization (laundering) of proceeds from crime in the Republic of Kazakhstan. Science Time, 2(62), pp. 10–14. (In Russ.).
4. Izutina, S., (2018). Problems of combating the legalization of criminal proceeds: Experience and prospects. Economics. Law. Society, 4, pp. 69–75. (In Russ.).
5. Nugmanov, R., (2019). Criminalization of money laundering in Republic Kazakhstan: Problems of strengthening law and order: science, practice, trends. Problemy ukrepleniya zakonnosti i pravoporyadka: Nauka, praktika, tendetsii, 12, pp. 170–178. (In Russ.).
Review
For citations:
Seitenov K.K., Efimov S.V., Chernov P.L. The Practical Experience of Financial Investigations in the Republic of Kazakhstan: Problems of Searching and Returning Assets from Abroad. Kutafin Law Review. 2023;10(4):817-846. https://doi.org/10.17803/2713-0533.2023.4.26.817-846
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