NAMPO 2018: SAMAR commences with plans to reduce fraud of cross border movement of assets:

Police, border personnel and industry stakeholders to use technology to regain control on valuable assets, working together to mitigate the complexities of asset tracking and control, and reduce the impact of cross-border crime

NAMPO, BOTHAVILLE, SOUTH AFRICA – 16 May 2018 – The Southern African Movable Asset Register (SAMAR) are commencing with plans that will aim to reduce fraud of those assets currently excluded from eNaTIS that cross South African borders.

The removal of the protection provided by eNaTIS from capital equipment has seriously impacted on the industry – equipment arrives at the border and other than poor markings and registration, there is often nothing to stop costly assets from crossing the border without the owner’s permission. In fact, there’s an estimated value of nearly R40 billion in movable assets that have no record.

Most tracking solutions available today can be easily removed or hidden, and in many cases the remains of trackers are often all that are left when police arrive at the last known location. Often the theft is only realised after the assets have already left the country and the only form of identification is a tracker that’s ruined or basic markings that have been removed.

Expensive, in-demand assets need a system that can protect the owners, the financiers and the insurance companies, from point of entry to exit, and this is what SAMAR is able to provide. This initiative provides the industry with a trackable and robust record of all those assets that, by law, are not allowed to be registered on eNaTIS. Any capital equipment can now be tightly managed and controlled using a system that’s designed specifically for the challenges that lie across Africa.

Kyle Dutton, Project Manager at SAMAR commented, “For most border police officials, one of the biggest challenges they have is the lack of a system that they can use to systematically check assets as they arrive; a system that can determine if the vehicle is going in the right direction, is in the hands of the right people and if it is heading to a legitimate destination. There has long been a need for a reliable record that’s capable of being monitored in real time.”

Border officials and the South African Police Services will now have easy access to the SAMAR register and will be able to use it to identify the property and its owner, allowing for officials to have richer control over asset movement. It is an accurate, real-time solution that gives the right people the information they need. The solution has been designed to cover the entire ownership lifecycle of an asset, so the names of both the titleholder and owner are maintained and updated in real time. Finally, it provides a certificate of registration that is similar in look and feel as the one issued by eNaTIS.

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Author: Business News