Seized Assets Fund

Historically, criminal confiscations were the property of the Crown and for this reason confiscated assets were recognised as the property of the Crown when the Seized Assets Fund (SAF) was set up in 1995. In order to reflect evolving international obligations in this area, and to put the Fund on a more modern and transparent footing, the States approved the recommendation of Billet d'Etat VIII, article 12, on 24 March 2021. This changed the governance and operation of the Fund so that the administration moved to the authority of the Policy and Resources Committee. For reference the policy letter may be accessed from: https://gov.gg/CHttpHandler.ashx?id=136158&p=0