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Assets Recovery Agency

Volume 684: debated on Tuesday 4 July 2006

asked Her Majesty's Government:

How much the Northern Ireland section of the Assets Recovery Agency has recovered since its creation; and how much it has cost to run during the same period.[HL6464]

The Northern Ireland office of the Assets Recovery Agency has realised the following amounts since its creation.

2003-04

2004-05

2005-06

Disruption

£2.1 million

£3.7 million

£15.9 million

Realised

£0.73 million

£1.1 million

The Northern Ireland office's actual expenditure for the same period was:

2003-04

2004-05

2005-6

Northern Ireland actual

£1.8 million

£3.0 million

£4.2 million

Disruption is defined as: a) the freezing of assets through a restraint order, freezing order, Mareva injunction1 or interim receiving order; or b) where freezing has not taken place, either i) making of a confiscation or recovery order, or ii) voluntary settlement/payment, where no order has been made, or iii) undertakings given not to deal with assets; or c) the issue of a tax assessment.

1Mareva Injunction: an order which freezes assets and acts as a disruption.

asked Her Majesty's Government:

What was the value of illegal assets seized by the Assets Recovery Agency in (a) England, and (b) Northern Ireland in each of the past five years; what this represents as a per capita amount in each case; and what proportion of recovered assets they have permitted the police to retain within the agencies in each of these years.[HL6584]

The information requested on assets recovered by the Assets Recovery Agency year on year since its inception in March 2003 is set out in the table. The agency has no powers to allow police forces to retain a proportion of recovered assets. Under an incentive scheme introduced by the Government in 2004-05, police forces received 33 per cent of total assets recovered that year above £40 million, rising to 50 per cent in 2005-06. A total of £39 million in incentive payments has been distributed to police forces in England, Wales and Northern Ireland over two years. Under a new incentive scheme which came into effect on April 1 this year, police and other agencies involved in asset recovery will get back 50 per cent of all receipts from recovered criminal assets.

Assets Recovery Agency

Total Assets Recovered £ million

England and Wales

Assets recovered per 1,000 population (England and Wales) £

Northern Ireland£ million

Assets recovered per 1,000 population (Northern Ireland) £

2003-04

-

-

-

-

-

2004-05

£4.3

£3.9

£74.1

£0.4

£265.03

2005-06

£4.1

£3.3

£63.1

£0.8

£450.54