43 African states sign deal to boost cross-border recovery of stolen assets

Hiding corruptly acquired funds and assets across African countries will no longer be easy. This follows a new development after 43 African states entered into a cooperation agreement to allow one another to trace, locate, and recover stolen assets across their borders. Technological advancement has seen the transfer of billions of illicit funds moved and hidden across countries, complicating efforts to track and recover stolen wealth. As part of efforts to contain the trend, the countries have launched the Centre of Excellence for Anti-Corruption Studies and Research (CEREAC) in Nairobi to train detectives and strengthen capacity in the fight against financial crimes.