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Mozambique: CIP calls for asset repatriation law
2:22 CAT | 02 Dec 2020
Photo: DW
The Centre For Public Integrity (CIP) is advocating the approval of a law ensuring that the state is compensated in cases of corruption.
The asset recovery law passed in November by the Mozambican parliament “will only be effective with the approval of a law regarding the repatriation of capital arising from the practice of criminal acts”, the Centre for Public Integrity (CIP) says in an analysis note.
The NGO further advocates a “grace period”, so that people who have illegally removed assets from Mozambique may voluntarily return them. “After the period granted, if certain assets are identified abroad, they must be subject to the legal regime of financial infractions in force and of a criminal nature,” the text suggests.
The CIP points to Angola, which has both Voluntary Repatriation Law and Compulsory Repatriation Law in place, considering them important strides in consolidating the fight against corruption.
“In the Mozambican case, the current legal regime on asset recovery covers criminal cases only referring to the recent past [five years] and to the future,” the analysis asserts.
The CIP also questions Mozambique’s strategy regarding goods and capital which may have been illegally withdrawn from the country more than five years before the law enters into force. “Did the State capitulate with regard to the repatriation of capital, by failing to approve a law in that sense?” it asks.
The organisation also advocates that a survey be carried out into any financial, mobile and real estate assets resulting from corrupt practices in Mozambique and placed illegally in foreign jurisdictions.
Source: Deutsche Welle
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