Sentence examples for forfeiting assets from inspiring English sources

It also calls for U.S. officials to help develop "substantive legislation on forfeiting assets that have been used to commit crimes or which are the proceeds of crime". Asset forfeiture is a controversial topic in Mexico, where a complex formula determines how drug money is spread among government agencies.

Thirteen states have laws against seizing and forfeiting assets without a conviction, including Oregon, Missouri, and New Mexico, according to the Institute for Justice.

Judge Stein ordered Mr. Nemazee to forfeit assets totaling $292 million and to repay the banks.

At the federal level, forfeited assets go into a dedicated fund.

The law also gives victims the right to participate in the judicial process; forfeited assets are to be used to compensate them.Critics point to several glaring weaknesses.

The report said that the auditors found significant problems in how the service managed complex assets and that those problems "increased the risk that the government could mismanage the administration and disposition of forfeited assets".

The Marshals Service spokeswoman, Lynzey Donahue, would not say how much of the more than $2 billion in seized and forfeited assets managed by the agency was handled by the complex assets group.

As part of his plea, he agreed to forfeit assets totaling $292 million, including bank accounts; his interest in properties on Park Avenue and in Katonah, N.Y., Rome and TriBeCa; and a 2008 Maserati.

The modifications include a prohibition on foreign magistrates judging alleged crimes by government or Farc troops, and a commitment from the rebels to forfeit assets, some amassed through drug trafficking, to help compensate victims.

Money-laundering statutes generally carry stiffer penalties, are regarded more seriously by courts and make it easier for prosecutors to force defendants to forfeit assets and make restitution, said Robert G. Morvillo, a white-collar criminal defense lawyer in New York.

Forfeiture Support Associates, which has a $613 million contract to provide clerical and professional assistance to the Justice Department, the Marshals Service and other federal agencies involved in handling seized and forfeited assets, said through a spokesman that the company's policy was not to comment on lawsuits.