Worthy Christian News » US News » Justice Department Curbs Use of Asset Forfeiture to Seize Bank Accounts


Justice Department Curbs Use of Asset Forfeiture to Seize Bank Accounts

Wednesday, April 1, 2015 | Tag Cloud

WASHINGTON D.C. (Worthy News)-- U.S. Attorney General Eric Holder announced Tuesday that the Justice Department will restrict the use of civil asset forfeiture laws to seize bank accounts, the latest in a series of moves by the Justice Department to curb the controversial practice of asset forfeiture, the Washington Free Beacon reported.

Holder said in a statement that the Justice Department would only use asset forfeiture to seize bank accounts when a defendant is charged with a crime, or in cases where a prosecutor can develop probable cause of other criminal activity or prove there is a compelling law enforcement interest.

The use of asset forfeiture by the Internal Revenue Service and the Justice Department came under scrutiny after several news reports highlighted how it was used to seize the bank accounts of small business owners, solely on the suspicion that they were making deposits smaller than $10,000 to evade federal reporting requirements—what are known as “structuring” violations. --[wp_colorbox_media url="http://freebeacon.com/issues/justice-department-curbs-use-of-asset-forfeiture-to-seize-bank-accounts/" type="iframe" hyperlink="Source"]

Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » Justice Department Curbs Use of Asset Forfeiture to Seize Bank Accounts

1 thought on “Justice Department Curbs Use of Asset Forfeiture to Seize Bank Accounts

Leave a Comment

Worthy Christian News » US News » Justice Department Curbs Use of Asset Forfeiture to Seize Bank Accounts