Disposal, Auction and Realisation of Forfeited Assets for Maximum Value

Course overview

The final step in asset recovery is turning forfeited property into value for the public. It is also the step most exposed to criticism: assets sold cheaply to insiders, auctions that attract only a handful of bidders and buyers linked to the original offender. This forfeited asset disposal course teaches disposal officers to realise maximum value through fair, transparent processes.

Participants examine the legal framework for disposal, the options available, including public auction, sealed tender, private treaty, transfer to public use and destruction, and how to choose between them. They learn to prepare assets for sale, set reserve prices from valuations, market assets widely, vet bidders and prevent collusion. Practical sessions cover running physical and online auctions, managing sales of land and businesses, handling payment and transfer of title, and publishing results. Integrity risks receive particular attention, including the risk of property returning to criminal networks. Case material includes vehicle auctions, a land sale and a business disposal.

Participants leave able to plan and run disposals that achieve good prices and stand up to public scrutiny.

What you will be able to do

• Explain the legal framework and options for disposal
• Choose the disposal method that best realises value
• Prepare assets and set reserve prices from valuations
• Market assets widely and vet bidders effectively
• Run auctions and tenders that prevent collusion
• Complete sales, transfer title and publish results transparently

Who should attend

For officers who plan, approve or carry out the disposal of forfeited, confiscated or unclaimed assets.

• Disposal and auction officers
• Asset management office staff
• Procurement officers
• Finance officers
• Legal officers
• Internal auditors
• Licensed auctioneers working with government

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.