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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References in periodicals archive ?
The Assets Recovery Agency has accused former PS Lillian Omollo of deceiving the court that she is a farmer who acquired more than Sh30 million in a farming business.
The act creates an agency called The Assets Recovery Agency through which the powers of the State are exercised in this regard.The second legal system is contained in the Anti-Corruption and Economic Crimes Act, which was passed way back in 2003.It gives power to the Ethics and Anti-Corruption Commission (EACC) to confiscate any property that is acquired as a result of corrupt conduct.
The Assets Recovery Agency was granted a recovery order against Hayes in 2007.
A High Court case was launched against Chinese nationals Miao Cui and Xi Lin, by the Government's Assets Recovery Agency (ARA).
A report this year revealed the Assets Recovery Agency spent pounds 65m over four years, but seized just pounds 23m in that time.
A JOINT operation between the Assets Recovery Agency and Sandwell Trading Standards has led to two Confiscation Orders worth nearly a quarter of a million pounds.
Government spending watchdogs revealed the Assets Recovery Agency (ARA) has cost pounds 65 million since it launched four years ago, but has seized only pounds 23 million from crooks.
Government spending watchdogs reveal the Assets Recovery Agency (ARA) has cost pounds 65m since it was launched four years ago, but has seized only pounds 23m from crooks.
The Assets Recovery Agency (ARA) will be merged with the Serious Organised Crime Agency (SOCA), the Home Office announced yesterday.
A pounds 2.4million donation to the Liberal Democrats must be investigated by the Government's Assets Recovery Agency, the Conservatives urged yesterday.
He surrendered pounds 319,240 to the Assets Recovery Agency last December, which have now been sold off to raise the following sums of money.
On the face of it Conservative Party vice-chairman Grant Shapps MP has a valid point: an Assets Recovery Agency that costs around pounds 18m a year to run and nets around pounds 4m from the proceeds of organised criminals isn't much of an asset itself.