Former non-ministerial government department in the United Kingdom
Assets Recovery Agency
Agency overview
Formed
February 2003 (2003-02)
Dissolved
1 April 2008 (2008-04-01)
Type
Crown status non-ministerial government department
Parent department
Home Office
Key document
Proceeds of Crime Act 2002
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.[1] 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.[2] 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.[3][4][5] The agency ceased to exist on 1 April 2008.[6]
^"Assets Recovery Agency 'failing'". BBC News. 14 June 2006. Retrieved 2008-03-23.
^"Assets Recovery Agency abolished". BBC News. 11 January 2007. Retrieved 2008-03-23.
^Serious Crime Act 2007, s.74/ Schs.8-9
^Serious Crime Act 2007 (Commencement No.1) Order 2008, SI 2008/219 Archived April 13, 2008, at the Wayback Machine
^Crime Act 2007 (Commencement No.2 and Transitional and Transitory Provisions and Savings) Order 2008, SI 2008/755 Archived April 15, 2008, at the Wayback Machine
^Assets Recovery Agency (Abolition) Order 2008, SI 2008/575 Archived March 11, 2008, at the Wayback Machine
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