Assets Recovery Agency

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Assets Recovery Agency

an independent non-ministerial body which reports to the Home Secretary. It is charged with disrupting organized criminal enterprises through the recovery of criminal assets, thereby alleviating the effects of crime on communities. It seeks to promote the use of financial investigation as an integral part of criminal investigation. So it may apply to obtain ownership of a drug dealer's house. Funds equivalent to the amounts recovered are allocated to fighting crime.
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They also want the Director of Public prosecution to prosecute the two and the Asset Recovery Agency to recover what they have illegally earned.
There is some turf war going on between the Asset Recovery Agency and the EACC sometimes with both ending up as parties in the same case, which is a waste of time and effort.I would also suggest that the EACC allows the Directorate of Criminal Investigations do more of the investigations for purposes of prosecution and the commission dedicates more of its time on forfeiture suits.
John Wyn Williams, for the Asset Recovery Agency, said both men appeared in court after selling fake DVDs, CDs and computer games on their stall at The People's Market, Wrexham.
As the Government's Asset Recovery Agency comes under fire for failing to seize more cash than it costs to run the organisation, new figures have shown that in the North-East criminals were stripped of pounds 1.705m in the nine months to December 2005 ( mainly by police and recovery experts.
Although 91 per cent supported the Asset Recovery Agency's power to seize assets even if the target has not been convicted, 36 per cent expressed concern that these powers could be abused.
But a further court ruling yesterday stipulated this did not prevent the Government's Asset Recovery Agency pursuing Singh through civil courts.
They have now been auctioned off by the Asset Recovery Agency, raising pounds 1,700 for Victim Support.
A survey on behalf of the National Asset Recovery Agency says that one in five people in the north west believed they knew someone living off the proceeds of crime, compared with one in seven people nationwide.
The Asset Recovery Agency, which aims to recover cash and property acquired through crime, maintains Charrington was laundering the money for a Colombian involved in high-level cocaine trafficking.
Besides the Ethics and Anti-Corruption Commission, the laws should be beefed to give the DCI, the Central Bank through surveillance of banks and accounts, the Asset Recovery Agency and National Intelligence Service more teeth to crack down on the corrupt.
This means that every day banks report hundreds of transactions which, in their view, need special attention but are not followed up owing to the understaffing at FRC.Another agency under the POCAMLA law is Asset Recovery Agency which is housed under the Attorney-Generals office.
"A combination of human rights legislation and the failure of the Government to give the Asset Recovery Agency adequate teeth means it is costing us four times as much to run as it recovers."