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Acronyms that contain the term asset forfeiture
What does asset forfeiture mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: asset forfeiture.
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| Term | Definition | Rating |
|---|---|---|
| AFIU | Asset Forfeiture Investigative Unit | |
| CAFI | Civil Asset Forfeiture Impound | |
| AFMLS | Asset Forfeiture and Money Laundering Section | |
| AFU | Asset Forfeiture Unit | |
| PAFU | Provincial Asset Forfeiture Unit | |
| CAFRA | Civil Asset Forfeiture Reform Act | |
| AFASS | Asset Forfeiture Administrative Support Services | |
| EOAF | Executive Office for Asset Forfeiture | |
| AFF | Asset Forfeiture Fund | |
| AFP | Asset Forfeiture Program |
What does asset forfeiture mean?
- Asset forfeiture
- 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.
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"asset forfeiture." Abbreviations.com. STANDS4 LLC, 2024. Web. 27 Dec. 2024. <https://www.abbreviations.com/asset%20forfeiture>.
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