Asset Reality is proud to announce that we’ve been appointed by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to conduct a series of international technical assessments as a part of their Global Program for Combating Illicit Financial Flows project.
This project is researching how the connectivity between international financial systems promotes both economic growth and gives rise to illicit financial flows. The project focuses on collaborative efforts between participating countries to create working systems at regional, national and international levels. Recently, our Co-Founder & CEO Aidan Larkin moderated several sessions for GIZ’s Asset Management Forum. At these sessions, the panelists discussed the international standards of solid asset management and disposal, the legal framework, set-up and operational processes of an asset management office, and the disposal of assets with a particular focus on the social re-use cases.
In line with our mission to improve asset recovery methods around the world, we will be leading an in-depth audit of the current asset management capabilities of North Macedonia, Albania and Peru. We’ll be working closely with the GIZ partner organizations in those countries, the Agency of the Administration of Seized and Confiscated Assets in Albania, the Agency for the Management of Sequestrated Assets in North Macedonia, and the National Programme for Seized Assets PRONABI in Peru. We'll also be working side by side with key stakeholders in these countries to build solutions to make asset recovery more effective. By reviewing the existing infrastructure of the agency's current operations, we can provide recommendations based on our findings and best practices to outline effective structural and strategic changes that will help the agencies improve their asset management.
Aidan is delighted to be working with GIZ again, and had this to say about the announcement:
“Asset Reality wants to try and improve asset recovery for countries around the world. The funds generated from asset recovery help to fund hospitals, schools and local communities. By understanding the problems facing the industry today, we can focus on building the much-needed solutions. Working with stakeholders like GIZ, sharing international best practices and trying to make a difference however we can is very important to us in achieving this vision.”
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