Macao Successfully Recovers Most of Ailing Businessman’s Illicit Assets Abroad
Historic Achievement in Combating Corruption
The Macao Special Administrative Region Government has made a significant breakthrough in combating corruption by successfully recovering most of the illicit assets abroad in the case of Ao Man Long. This achievement was made possible through close cooperation with the government of the United Kingdom and adherence to the United Nations Convention Against Corruption (UNCAC).
The Recovery Process
On November 3, 2015, a signing ceremony was held at the Macao Government Headquarters, where Chan Hoi Fan, Secretary for Administration and Justice of the Macao Special Administrative Region, and Caroline Wilson, Consul General to Hong Kong and Macao of the United Kingdom, signed an agreement returning £28,718,752.63 (approximately MOP 350 million) in illicit assets confiscated from Ao Man Long to the Macao Government.
Key Factors in the Success
The recovery marks a significant milestone in the asset recovery process initiated by the Macao SAR Government in 2010, with the support and assistance of the Central Government. The process involved complicated procedures, including requesting legal assistance from the United Kingdom and seizing the illicit assets. The successful recovery is attributed to:
- High level of professionalism: Demonstrated by law enforcement agencies of the United Kingdom
- Commitment and cooperative spirit: Exemplified by the Macao SAR Government and international partners
- Enormous efforts: Made by the Commission Against Corruption and the Public Prosecutions Office over the years
Implications and Significance
This case serves as an exemplary implementation of the UNCAC and has significant implications for fighting crimes, upholding justice, and combating money laundering abroad. Secretary Chan Hoi Fan emphasized that the UNCAC provides a crucial legal framework for international anti-corruption efforts and facilitates close cooperation among countries in recovering illicit assets.
Conclusion
The recovery of Ao Man Long’s illicit assets is a testament to the effectiveness of international cooperation in combatting corruption and highlights the importance of adhering to global anti-corruption standards.