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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 ...
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]
From 1985 to 1993, authorities confiscated $3 billion of cash and other property based on the federal Asset Forfeiture Program, which included both civil and criminal forfeitures. [13] The methods were supported by the Reagan administration as a crime fighting strategy:
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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.
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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 ...