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Jakarta Post

Asset recovery discussed at int'€™l conference in Yogyakarta

  • The Jakarta Post

    The Jakarta Post

Sleman, Yogyakarta   /   Mon, August 25, 2014   /  09:12 pm

Close partnerships among countries with a shared spirit and common vision to make a breakthrough in repatriating assets from cross-border crimes are required to ensure the successful recovery of assets hidden overseas, a senior official has said.

'€œWe need a network to share information and experience to smoothen the recovery of assets from crimes hidden overseas,'€ Attorney General Basrief Arief said as quoted by Antara news agency.

He was speaking during the opening of the Asset Recovery Inter-Agency Network Asia Pacific (ARIN-AP) annual general meeting in Sleman, Yogyakarta, on Monday.

Basrief said that from 2012 until the present, Indonesia had managed to recover between Rp 4 trillion (US$341.47 million) and Rp 5 trillion worth of assets from crimes that had been hidden overseas.

'€œThere have been a lot of assets that are being recovered from several neighboring countries. This partnership will hopefully make it easier for us to recover crime assets that are still hidden overseas,'€ he said during the meeting.

Representatives of ARIN-AP member countries, including Australia, China, Japan, Malaysia, New Zealand, Papua New Guinea, South Korea, Taiwan, Thailand, the Philippines, Timor Leste and Vietnam, as well as Pacific Island countries, attended the meeting.

Officials from the Camden Asset Recovery Inter-Agency Network (CARIN), United Nations Office on Drugs and Crime (UNODC) and the World Bank were also present.

Basrief said Indonesia was the first ARIN-AP president since the network was launched in November 2013.

'€œWe have the honor of hosting the 2014 annual general meeting. It is hoped that in Yogyakarta, the meeting can be a forum that is useful for all ARIN-AP member countries to foster law enforcement in Asia Pacific, including Indonesia,'€ he said.

ARIN-AP 2014 president Chuck Suryosumpeno said the meeting gave an opportunity to share experience and expertise on asset recovery.

'€œThis is momentum to get a new formula in resolving various problems hampering asset recovery,'€ said Chuck, who is also head of the asset recovery center at the Attorney General'€™s Office. (ebf)