Managing seized and confiscated assets
Managing seized and confiscated assets
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Course name Managing seized and confiscated assets
News headlines often focus on the seizure or confiscation of illicit assets, such as cash, ...
News headlines often focus on the seizure or confiscation of illicit assets, such as cash, property or cryptoassets involved in money laundering, sanctions violations or other crimes. Less visible is the asset management process, i.e. maintaining, safeguarding and disposing of those assets. But their proper management is critical. Without it, vehicles can fall into disrepair, property may be damaged or looted and stocks or cryptoassets can lose value or be stolen.
Robust asset management can ensure that assets are handled legally and fairly during legal proceedings. It can also lead to the full value of the assets being recovered, lower public costs and greater trust in a country’s asset recovery and wider justice system.