On November 3, James M. Cole, the Deputy Attorney General, spoke at the Third Arab Forum on Asset Recovery in Geneva, Switzerland.  Mr. Cole began by stressing the harm to communities and institutions caused by corruption, noting that corruption “undermines and weakens that which is the basis of modern society – the rule of law.”  Turning to additional work that must be done, Mr. Cole provided a series of steps that must be undertaken, including that financial centers and partners in the Deauville Partnership for Arab Countries in Transition must work together and exchange evidence of underlying corruption and that countries use modern asset recovery tools like non-conviction-based forfeiture.  Mr. Cole also touted the Kleptocracy Initiative in the Department of Justice and its recent recovery of assets from the Second Vice President of Equatorial Guinea.