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Equitable sharing refers to a United States program in which the proceeds of liquidated seized assets from asset forfeiture are shared between state and federal law enforcement authorities. The Comprehensive Crime Control Act of 1984 set up the arrangement in which state and local police can share the seizures with federal agents. [1]
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 ...
According to The Washington Post, federal asset forfeiture in 2014 accounted for over $5 billion going into Justice and Treasury Department coffers, while in comparison, official statistics show that the amount stolen from citizens by burglars during that same year was a mere $3.5 billion.
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 ...
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.
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.
They collectively spent $8.7 million in federal forfeited funds, according to the report. Last year, 646 law enforcement agencies in Missouri were reportedly eligible for the federal asset ...
Abolished parole for federal prisoners convicted after November 1, 1987 [5] Made several new offenses federal crimes, including arson, murder-for-hire, trademark violations, credit card fraud, and computer crime [6] Stipulations about using civil forfeiture to seize assets of organized crime, establishing "equitable sharing." [7]