Assets Recovery Agency

Assets Recovery Agency

UK Public Body
UK Public Body Less

Assets Recovery Agency

to get instant updates about 'Assets Recovery Agency' on your MyPage. Meet other similar minded people. Its Free!

X 

All Updates


Description:
The Assets Recovery Agency (ARA) was a non-ministerial government department in the United Kingdom. It was established under the Proceeds of Crime Act 2002 (POCA) to reduce crime by confiscating the proceeds of any crime. It was granted a new power of civil recovery through the High Court, and could also take over the powers of the HM Revenue and Customs (HMRC) to levy tax without identifying a source for taxed income.

The ARA became operational in February 2003, but it failed to meet its targets for the confiscation of criminal funds. It was announced in January 2007 that it would be merged with the Serious Organised Crime Agency (SOCA), which was established in 2006. Provisions to achieve this were contained in the Serious Crime Act 2007. There were also proposals for other law enforcement agencies, such as HMRC, to be given similar powers of civil recovery at the same time. On 1 March 2008, the transfer of the Director and staff of the Assets Recovery Agency, its property, rights and liabilities to SOCA and the National Policing Improvement Agency started in anticipation of the Agency's abolition.Serious Crime Act 2007, s.74/ Schs.8-9 The Agency ceased to exist...
Read More

No feeds found

All
wait Posting your question. Please wait!...


About

UK Public Body
No messages found
Suggested Pages
RRR
RRR
Tell your friends >
about this page
 Create a new Page
for companies, colleges, celebrities or anything you like.Get updates on MyPage.
Create a new Page
 Find your friends
  Find friends on MyPage from