Administrative and financial corruption crimes

Abstract

One method of concealing this is to smuggle the proceeds of the crime abroad and deposit them in international banks. This process has the potential to impact the economy of the country on whose land the crime was committed, resulting in severe economic losses and the potential to obstruct its development process, particularly if the amount of money involved is substantial. These factors led to the inclusion of provisions in the United Nations Convention against Corruption that entailed the identification of methods to reclaim the funds. One such method is freezing.