Asset forfeiture
Confiscation of assets by the state / From Wikipedia, the free encyclopedia
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This article is about the confiscation/forfeiture of assets in common law countries. For cross-border recovery of the proceeds of corruption, see International asset recovery.
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. This applies, but is not limited, to terrorist activities, drug-related crimes, and other criminal and even civil offenses. Some jurisdictions specifically use the term "confiscation" instead of forfeiture. The alleged purpose of asset forfeiture is to disrupt criminal activity by confiscating assets that potentially could have been beneficial to the individual or organization.