The Asset Recovery and Management Division (ARMD) is established under Section 5(1)(b) of the Financial Crimes Commission Act 2023. It comprises three units: the Asset Recovery Unit, the Unexplained Wealth Unit, and the Declaration of Assets Unit. Pursuant to Section 6 of the FCCA, ARMD is responsible for investigating, recovering, and managing assets derived from criminal activities or used as instrumentalities of crime, including terrorist properties.
Recovered Assets Fund
All funds derived from the enforcement of any Criminal/ Civil confiscation Order or Unexplained Wealth Order shall be credited in the Recovered Assets Fund.
International Cooperation
In an interconnected world where financial crimes transcend borders, international cooperation for asset recovery is paramount. At the forefront of this endeavour, we forge partnerships across nations, pooling resources, expertise, and legal frameworks to combat illicit finance and promote global justice.
The FCC Act provides for foreign request in connection with civil asset recovery and also for enforcement of civil attachment and confiscation orders. Where a Foreign State requests the Commission to obtain the issue of an order against a property that is believed to be proceeds, an instrumentality or a terrorist property which is located in Mauritius, the Commission may apply to a Judge for a Civil Attachment Order.
The FCC is part of the Asset Recovery Inter Agency Network for Southern Africa (ARINSA) which serves as a vital platform for enhancing regional cooperation in combating financial crimes and facilitating asset recovery efforts across Africa.