This policy closes channels that enable tax evasion, corruption, and criminal proceeds to drain public resources, while ensuring stolen assets are returned for public use. Its design mandates public registers of beneficial ownership, automatic information exchange between tax authorities, robust anti-money-laundering supervision, and accessible legal tools for non-conviction-based forfeiture. Returned assets are safeguarded by transparent and participatory principles to prevent elite capture and ensure funds support social protection and essential services. The goal is to repatriate resources that rightfully belong to societies, deter illicit practices, and build trust in fiscal systems.
Implementation requires empowered financial intelligence units, cross-border task forces, and enforceable sanctions on enablers such as banks, law firms, and intermediaries.
This policy is desirable because even partial recovery of illicit flows could finance universal social protection floors globally, making it one of the most transformative measures for poverty eradication and fiscal justice.
