Fighting Organised Crime: Recovering Illicit Assets in Chile

This paper highlights the critical need for Chile to strengthen its asset-recovery frameworks to combat the growing threat of organised crime and money laundering. It provides an in-depth analysis of the structural challenges hindering Chile's ability to trace, seize and recover illicit assets, and situates these findings within the broader Latin American and global security context. The authors identify key obstacles, including limited risk understanding, weak state governance, gaps in cooperation and information sharing and deficiencies in asset recovery systems. The paper offers actionable recommendations to enhance Chile's institutional resilience and contribute to regional and international security efforts.

Key Recommendations

• Establish a centralised asset-management office to ensure effective administration and preservation of confiscated assets.
• Invest in training and capacity building to improve risk understanding and investigative capabilities across public and private sectors.
• Strengthen public–private cooperation to enhance information sharing and risk mitigation strategies.
• Increase human, financial and technological resources for agencies combating organised crime and recovering assets.
• Update legislation to include extended confiscation and non-conviction-based confiscation mechanisms, aligning with international standards.

This paper underscores the importance of sustained reforms and international cooperation to disrupt transnational criminal networks and safeguard democratic governance in Chile and beyond.