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WASHINGTON (Reuters) -The U.S. deputy attorney general has suspended a controversial civil asset-forfeiture program by the Drug Enforcement Administration that targeted unsuspecting airline ...
Asset forfeiture or asset seizure is a form of confiscation of assets by the authorities. In the United States, it is a type of criminal-justice financial obligation . It typically applies to the alleged proceeds or instruments of crime.
Forfeiture Endangers American Rights (F.E.A.R.) is an organization in the United States dedicated to stopping abuse of asset forfeiture, the practice whereby governments seize tangible and financial assets alleged to have been used in the commission of certain crimes.
Chapter V of the United Nations Convention against Corruption (2003) makes clear that Asset Recovery is an international priority in the fight against corruption. International asset recovery is any effort by governments to repatriate the proceeds of corruption hidden in foreign jurisdictions. Such assets may include monies in bank accounts ...
Proponents of civil asset forfeiture argue it is necessary to fight large criminal enterprises, alleging that seizing criminals’ assets makes it harder for them to continue their illegal operations.
The Treasury Executive Office for Asset Forfeiture (TEOAF) is an agency of the United States federal government in the United States Department of the Treasury. [1] TEOAF is responsible for administering the Treasury Forfeiture Fund (TFF). [clarification needed] The TFF was established in 1992 as the successor to what was then the Customs ...
Title XII – Supplemental Rules for Admiralty or Maritime Claims and Asset Forfeiture Actions [ edit ] Rule A outlines the scope and application of the supplementary rules in respect to certain remedies under admiralty and maritime claims, forfeiture actions in rem , and the procedure in statutory condemnation proceedings analogous to maritime ...
In February 2024, US Deputy Attorney General Lisa Monaco announced that the KleptoCapture Task Force had "restrained, seized, and obtained judgments to forfeit nearly $700 million in assets from Russian enablers and charged more than 70 individuals for violating international sanctions and export controls levied against Russia." [23]