Basel Institute raises concerns over Peru’s decision to abolish its landmark 2018 asset forfeiture law could undermine anti-corruption efforts and lead to FATF grey-listing

Peru’s law, which recovered over USD 94 million in illicit assets and tackled high-level corruption and crime, is under threat due to Congress passing Bill 3577-2022. This bill makes forfeiture conditional on criminal convictions, undermining the law’s core principle and jeopardizing thousands of ongoing cases, including those linked to former presidents…