forfeiture

(redirected from Asset forfeiture)
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  • noun

Synonyms for forfeiture

Synonyms for forfeiture

something that is lost or surrendered as a penalty

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a penalty for a fault or mistake that involves losing or giving up something

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the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc

References in periodicals archive ?
Civil asset forfeiture has only become more common in the two decades since that permissive ruling was issued.
In El Salvador, OPDAT provided technical assistance to money laundering and asset forfeiture units.
Having both worked for the Wayne County Prosecutors asset forfeiture department, the brothers also advocate ending all county-run asset forfeiture programs.
The issue of money laundering goes hand in hand with proposals for asset forfeiture, Monge said, something that other countries that sent representatives to the workshop have already implemented.
A case that shows the perverse incentives of civil asset forfeiture is that of Gerald Bryan.
Loeb of the Criminal Division's Asset Forfeiture and Money Laundering Section, with substantial support from the US Attorney's Office of the Central District of California, the US Marshals Service and the Criminal Division's Office of International Affairs.
The bill also creates a safe harbor from criminal prosecution and liability, as well as asset forfeiture for banks and their officers, and employees who provide financial services to legitimate, state sanctioned marijuana businesses while maintaining banks' right to choose not to offer those services.
The Civil Asset Forfeiture Reform Act of 2000 made "a number of modest reforms," wrote Bullock of the Institute for Justice, "but it did not change how forfeiture proceeds are distributed or otherwise ameliorate the profit incentive law enforcement agencies have in civil forfeiture.
When asset forfeiture is partly punitive, it is subject to an excessive fines analysis.
8 million asset forfeiture action last year that included cash and cars linked to Stuart.
Asset forfeiture laws give police officers an incentive to bust people with property to seize.
The Bugarin case stands to serve as a concrete template in future asset forfeiture cases as it may very well be considered the first complete womb to tomb case relating to asset forfeiture in the in the country," it added.
A recent New Yorker article has awakened many Americans to the scourge of civil asset forfeiture in which police can seize property without charging anyone with a crime and pocket the proceeds.
The judge also ordered a $142,241 asset forfeiture in the case.
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