Wilsons Auctions signs contract with Malta’s Asset Recovery Bureau

Multi-year contract will see Wilsons Auctions provide asset recovery and disposal services for assets seized under local proceeds of crime legislation.

Wilsons Auctions has signed a multi-year contract with the Asset Recovery Bureau Malta to provide asset recovery and disposal services for assets seized under local proceeds of crime legislation.

The UK and Ireland’s largest independent auction company and a leading advisory service for worldwide government and law enforcement agencies, will provide technical assistance through its dedicated online portal as well as in the management, disposal and valuation services to the government body in a first of its kind facility for all criminal assets including cryptocurrency, luxury cars, jewellery and high-end goods.

Wilsons Auctions Asset Recovery Department specialises in providing asset management services for government and law enforcement agencies across the world, managing a global portfolio of criminals seized assets.

This is the second successful European contract won by Wilsons Auctions this year, having successfully won a contract with the Belgium Government in February which saw the world’s first auction of Bitcoin by a private company.

Speaking of the contract, Wilsons Auctions Group Operations Manager, Craig Walker said, “We are delighted to have been entrusted by the Asset Recovery Bureau Malta to assist them in managing and selling seized assets to ensure we generate as much revenue as possible and return as much money as possible back into the public purse.

“This contract is further endorsement of our online portal that can be used to manage assets anywhere in the world, ranging from car manufacturers to Insolvency Practitioners and government agencies. This solution takes the hassle out of asset management and allows us to manage their assets wherever they are in the world and provides a world-class sales service and a solution to ensure their assets are sold for the highest possible, while we deal with any complexities that may arise,” he added.

Aidan Larkin, Wilsons Auctions Head of Asset recovery said, “The Asset Recovery Department and Wilsons Auctions as a whole, prides itself with the ability to deal with the most complicated and contentious assets wherever they are located in the world from crypto assets to gold bullion and more. We have a dedicated online platform and using this technology and our extensive experience in this field we are able to provide solutions to our clients for some of the most complicated assets in the world.”

Wilsons Auctions is a leading auction company with over 80 years of experience building skilled knowledge in an extensive variety of assets. The Asset Recovery Department works with 17 countries worldwide realising assets from cryptocurrency to supercars, luxury watches and designer goods and in recent years has realised over £100 million worth of seized assets for government agencies, law enforcement agencies and insolvency practitioners.

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