Title: Bolivian Authorities Recover Over $520,000 in Financial Crimes Cases
Major Breakthrough in the Fight against Financial Crimes
Bolivian authorities have announced the recovery of over $520,000 in asset seizures and returns in a major case involving questionable funds. The investigation, which began in Bolivia, could have implications for Argentina.
Initiating Assets Recovery: Bolivian Probe
- The asset recovery process began with an investigation in Bolivia
- No further details have been disclosed regarding the nature of the investigation and the agencies involved
National Authorities and Agencies Involved
- Bolivia’s Consulate General in Buenos Aires, Argentina, and a local company
- Worked closely with appropriate channels to return funds totaling $300,000 through bank transfers to a government fiscal account
Legal Grounds for Asset Recovery
- Bolivian law mandates conviction-based criminal prosecution and confiscation to recover illegally obtained assets
Contributing Factors
- Issuance of Resolution NO 489/2021 by the First Anti-Corruption and Matter Judge Against Violence Against Women in La Paz, Bolivia, enabled freezing and seizure of suspect funds
- The Financial Investigations Unit has the authority to oppose the execution of suspicious operations
Returned Assets
| Asset # | Assets Returned (USD equivalent) | Date of Return |
|---|---|---|
| 1 | $300,000 | July 2021 |
| 2 | $300,000 | July 2021 |
| 3 | $220,000 | July 2021 |
| Total | $820,000 | July 2021 |
Sources
- Official information provided by country authorities