Dr. Jim Stewart:

The problem here is that this needs the rule of law. One has to say that unless a person does this, they will be committing a criminal act, or whatever. The IMF cannot do that because each country has its own sovereignty in respect of tax and all of those sorts of issues. I do not believe it would fully solve the problem but if these assets could be identified, it would be good way to proceed. Once they are identified, one can then ascertain if they are owned by a sanctioned individual, whether they could be seized or not only seized, whether they could then also be confiscated.