Management of assets, vehicles and properties of citizens residing outside of their country of citizenship, focus of OSCE-supported discussion

On 26 May 2021, the practices of managing assets, in particular vehicles and properties of citizens residing outside of their country of citizenship, was the focus of an OSCE-supported event in Belgrade, hosted by the Directorate for Management of Confiscated Assets of Serbia’s Justice Ministry with the Balkan Asset Management Interagency Network (BAMIN) and the Agency for Administration of Seized and Confiscated Asset of Albania, currently holding BAMIN Presidency.

Participants exchanged best practices and views on laws and regulations that can improve the capacity of Asset Management Offices in managing seized and confiscated assets. Parties agreed that peer-to-peer exchange within the framework of BAMIN is vital in further facilitating the exchange of best practices.

The OSCE supports BAMIN through the extra-budgetary project “Strengthening the fight against transnational crime in South-Eastern Europe through improved regional co-operation in asset seizure, confiscation, management and re-use”.

The OSCE Secretariat’s Transnational Threats Department and the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) are implementing the project, funded by the United States Department of State, Germany, Italy, and the United Kingdom.