Asset Management and Disposal

The lack of structured asset management mechanisms creates financial burdens on Member States. These include maintenance costs and damages arising from the depreciation of the assets while in the State’s custody. Therefore, ensuring that assets are preserved at minimum cost while yielding maximum return for victims when they are ultimately realised is critically important.In light of these challenges, the RSS Asset Recovery Unit is charged with championing a standardised asset management and disposal system and creating asset management policies which aim to manage risks and minimize the cost of compensation related to ownership, all while complying with FATF, UN, and other global laws. For each of its member states, the unit plans will be integrated into a comprehensive regional asset management program. The Asset Management framework defines the steps required to satisfy present international obligations and explains management and decision-making procedures that member state law enforcement agencies should implement. As a "living document," it will be updated and expanded upon on a regular basis to reflect the changes in asset management in the area and direct the continuous improvement of procedures, plans, and equipment.