Recovering Iraq's Assets: Preliminary Observations on U.S. Efforts and Challenges
GAO-04-579T
Published: Mar 18, 2004. Publicly Released: Mar 18, 2004.
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Highlights
Rebuilding Iraq is a U.S. national security priority. Billions of dollars are needed for Iraq's reconstruction. The U.S. government and the international community have undertaken important efforts to recover the assets of the former regime and return them to the Iraqi people. In this testimony, GAO will present its preliminary observations on the recovery effort. Specifically, GAO (1) updates its estimate of the revenues diverted from the Oil for Food Program, (2) describes the U.S. government agencies working on the asset recovery effort, (3) discusses the results of U.S. efforts, and (4) highlights challenges that the United States faces in recovering Iraqi assets.
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AssetsForeign governmentsForeign policiesInternational cooperationSearch and seizureSmugglingIraq War and reconstructionIllegal asset recoveryPublic officialsFinancial institutions