This report from Transparency international, published on 24 May, says that, despite strong early pledges to sanction and track the illicit wealth of Russian elites following the invasion of Ukraine, the G7 and other leading economies are not sufficiently equipped to bring kleptocrats to justice. The report sets out to reveal what is holding up their progress. It finds that authorities across the G7 lack information, capacity and powers to track down illicit wealth. As things stand, it argues, governments will also face significant legal challenges when attempting to confiscate and return these assets to the victims of corruption.
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