Assets Recovery Agency to be closed
Some 650 financial investigators from Assets Recovery Agency could be transferred to Serious Organised Crime Agency as part of merger
The Assets Recovery
Agency is set to be closed, just four years after promising to
recoup £60m a year in assets from organised crime.
Reports suggest that staff working at the agency, which includes 650
financial investigators, would be transferred as part of a merger with the
Crime Agency .
During 2004-2005 the agency recovered £4.4m in assets, despite costing £20m
Home Office minister Vernon Coaker said the agency had steered through
radical new powers through every legal challenge it faced, according to The