Identify, Trace, Freeze, Seize, Confiscate and Recover proceeds of crime.
Identify, Trace, Freeze, Seize, Confiscate and Recover proceeds of crime.
The Agency was operationalized in 2013 when the Attorney General set up a taskforce to come up with strategies and structures to operationalize the Agency. In May 2014, the Attorney General appointed the first Director of the Agency.
In 2015, the Agency filed its first cases and froze assets under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) based on investigations conducted by the Agency in the NYS-1 case. Subsequently, the Agency has successfully filed cases for recovery of proceeds of crime using civil forfeiture proceedings as provided under POCAMLA.
The Asset Recovery Agency is a body corporate established under Section 53 of the Proceeds of Crime and Anti-Money Laundering Act No. 9 of 2009 whose mandate is the identification, tracing, freezing, seizure and confiscation of the proceeds of crime.
The Agency was operationalized in 2013 when the Attorney General set up a taskforce to come up with strategies and structures to operationalize the Agency. In May 2014, the Attorney General appointed the first Director of the Agency.
In 2015, the Agency filed its first cases and froze assets under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) based on investigations conducted by the Agency in the NYS-1 case. Subsequently, the Agency has successfully filed cases for recovery of proceeds of crime using civil forfeiture proceedings as provided under POCAMLA.
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