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Assets Recovery Agency

Tamara Solecki Tax Barrister to the Director of the Assets Recovery Agency discusses the work of the Assets Recovery Agency and its first Special Commissioners' decision
Under Part 6 of POCA 2002 the Director of the Assets Recovery Agency (the Director) is able to assume nearly all of the taxation functions of the Officers of Her Majesty's Revenue and Customs in order to recover the proceeds of crime. She may only do so if certain conditions are satisfied and in the event the Director has recognised that other powers under the Act are not appropriate such as confiscation of property which can only follow a conviction or civil recovery proceedings under Part V.1
The Director has used the taxation powers since 2003 in a number of cases....

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