Cameron Announces Creation of Int'l Forum on Recovery of Stolen Assets

British Prime Minister David Cameron announced at the Anti-Corruption Summit in London on Thursday the establishment of an international forum on stolen asset recovery, according to the UK government's press release.

MOSCOW (Sputnik) — According to the press release, the first forum is expected to focus on returning assets to Nigeria, Ukraine, Sri Lanka and Tunisia. The forum is scheduled to take place in the United States in 2017, with UK involvement as a co-host and the support provided by the United Nations and the World Bank.

"Prime Minister David Cameron has announced the creation of the first-ever global forum to step up international efforts on asset recovery. The Global Forum for Asset Recovery will bring together governments and law enforcement agencies to work together to recover stolen assets," the press release read.

"The forum will strengthen cooperation between the countries that have had assets stolen and the countries where those assets are hidden, and help ensure law enforcement on both sides drive forward vital work to return illicit funds," the press release read.

Except the United Kingdom itself, 20 other countries pledged at the Summit to enhance or reinforce their legislation to ensure recovery of stolen assets. Eleven countries have vowed to develop the guidelines to guarantee transparency and accountability in the process of stolen assets recovery.