Chamwe Kaira
The Criminal Assets Recovery Fund (CARF) recovered just over N$15 million in the 2024/25 financial year.
This represents an increase of just over N$300 000 compared to the amount recovered in 2023/24.
The fund is financed through proceeds derived from confiscated criminal assets. It aims to ensure that money and property forfeited through crime are redirected toward public benefit.
Funds recovered through CARF support crime prevention programmes, strengthen investigative capacity and fund projects aimed at reducing the social impact of criminal activity.
According to the report, allocations from the fund were directed toward initiatives that support the work of law enforcement agencies.
This includes the purchase of specialised equipment, training programmes and other resources needed to address organised crime and financial offences.
The fund also supported community-based programmes. These programmes focus on crime prevention, youth empowerment and rehabilitation.
The report outlines the governance system used to manage the fund. It states that accountability and transparency guide how resources are allocated.
Applications for funding are assessed against set criteria to ensure projects meet the objectives set out in the law governing the fund.
Oversight systems monitor how approved funds are used. Recipients must account for spending and show the impact of the projects they implement.
Financial statements show that revenue mainly came from confiscated and forfeited assets. This includes proceeds from the sale of property and funds recovered through court orders.
Expenditure was directed toward approved projects supporting law enforcement agencies, crime prevention initiatives and related programmes. Allocations also covered operational support and equipment used to strengthen efforts against organised and financial crime.
Administrative expenses were recorded to cover the management and oversight of the fund. These costs remained within approved limits.
The statement of financial position shows the fund closed the reporting period with a balance that includes cash, cash equivalents and receivables linked to asset recovery processes. Liabilities remained limited, reflecting stable financial management.
