Angola
On March 3, 2026, during the opening of the 2026 Judicial Year, Angolan President João Lourenço instructed the Attorney General's Office to enhance cooperation with authorities in Bermuda, Singapore, and Switzerland. This directive aims to recover nearly two billion dollars domiciled in these countries, which have been declared forfeited to the Angolan State by national court decisions.
President Lourenço emphasized that asset recovery should be viewed not merely as a patrimonial measure but as a mechanism of substantive justice. The objective is to remove the economic advantage gained through illicit activities and to restore resources unduly appropriated back to the State and society.
The President encouraged the Attorney General's Office to bolster cooperation with foreign institutions for asset recovery. He cited the signing of the Asset Sharing Agreement with Namibia and the successful repatriation of assets from Portugal as examples of effective international collaboration.
This initiative underscores Angola's commitment to combating corruption and recovering assets obtained through illicit means. By intensifying international cooperation, Angola aims to enhance transparency, uphold the rule of law, and ensure that misappropriated resources are returned to benefit the nation's development.
The directive to strengthen international partnerships for asset recovery reflects a proactive approach in Angola's ongoing efforts to address corruption. Continued collaboration with global partners is essential to effectively trace, seize, and repatriate assets, thereby reinforcing the country's commitment to justice and good governance.
