New Procedures For Assets Seized In Criminal Proceedings

New Asset Management Office to manage seized assets

The Law of 22 June 2022 on the management and recovery of seized or confiscated assets, which came into force on 5 July 2022, established the Asset Management Office (Bureau de gestion des avoirs). The Asset Management Office is responsible for managing all amounts seized during the course of domestic or overseas criminal proceedings, including cash, credit balances recorded on accounts, receivables, and virtual assets, along with any other seized property which needs managing for its preservation or to maintain its value. Seized property is held pending a final court decision ordering its confiscation, destruction or return.

Consignment Office takes on a new role