The department is established pursuant to sections 72 & 86   of Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) and is responsible managing preserved/restrained and forfeited assets.

This department is responsible for the following functions: -

1. Providing leadership in development and implementation of Assets Management strategies, policies, legislations and regulations and procedures;
2. Undertaking research on assets management to inform asset policy development, implementation and management;
3. Undertaking and monitoring physical risk assessment;
4. Applying measures to ensure integrity and professional Assets Management standards;
5. Devising, implementing and monitoring effective risk management strategies in the department;
6. Coordinating processes in planning, budget and funding proposal for the department;
7. Cascading the strategic plan and performance contract in the department and carry out staff performance appraisals;
8. Formulating and implementing initiatives to instill integrity values in the department and adopt best practices in Assets management;
9. Developing performance improvement strategies that are adaptive to the changing environment and technology;
10. Facilitating proper utilization of optimum assets, fleet and liabilities levels;
11. Participating in the formulation of criteria for procurement and disposal of assets;
12. Developing measures to evaluate and enhance performance of out sourced service providers.