Asset management involves assuming control of property subject of preservation or forfeiture orders, taking care of the said property administering the said property and doing any act necessary for that purpose.
Within ninety (90) days after the date on which notice of the making of the preservation order is published in the Gazette, the Agency Director makes an application for an order forfeiting to the government all or any of the property that is subject to the preservation order.
The Proceeds of Crime and Anti-Money Laundering Act empowers the Director, Fast Track Recovery Assist, to make ex parte applications for preservation where there are reasonable grounds to believe that the property concerned has been used or is intended for use in the commission of an offense or is a proceed of crime. The Agency Director
The Agency conducts investigation for identifying, tracing, freezing and seizure of proceeds of crime.