VSE helps U.S. hunt down illicit assets

ALEXANDRIA, Va., Oct. 3 (UPI) -- The U.S. government has selected VSE Corp. to support its efforts to identify and recover illicit assets abroad.

Work under the contract will be performed specifically in support of the U.S. Department of Justice Criminal Division, Asset Forfeiture and Money Laundering (AFML) Section.

The contract, with an initial ceiling of $9 million, is an indefinite-delivery/indefinite-quantity award with a 12 month period of performance and four 12-month options.

"We are pleased to be selected to execute this unique program, and we are committed to the success of this contract and president of VSE's International Group. "With our international program management expertise and seized and forfeited asset management experience, we offer professional support services that are the best value, risk resilient and efficient."

Under the contract, VSE's International Group will support the Justice Department, the Department of Homeland Security and the Department of Treasury investigative agencies to identify, restrain, forfeit, and dispose of assets located in foreign countries. It will also help in the recovery, evaluation, and repatriation of illicit assets to the United States for disposition.

VSE said its core team for the contract includes Deloitte Consulting LLC, Colliers International Greater Los Angeles LLC, Rick Levin & Associates, National Liquidators, and Five Stone Intelligence Inc.