$382 million of criminal assets restrained since 2009
The Act allows Police to seize assets believed to be the proceeds of crime with or without a criminal conviction and the funds recovered are used to fund law enforcement initiatives.
Ms Collins says of the $382 million in assets restrained, $85 million has been forfeited under the Act.
"By value, 96% of asset forfeitures and 86% of asset restraints to date have been linked to drugs and/or organised crime," she says.
Assets forfeited under Criminal Proceeds (Recovery) Act 2009 since 1 December 2009
|Residential properties||110||$34.5 million|
|Cash/bank accounts||485||$26.9 million|
|Lifestyle blocks||12||$3.9 million|
|Commercial properties||8||4.3 million|
Last updated on the 16th September 2019