Asset Forfeiture Program Law and Legal Definition

Asset Forfeiture Program refers to the U.S. Department of Justice efforts to employ asset forfeiture powers in a manner that enhances public safety and security. The program comprehends the seizure and forfeiture of assets that represent the proceeds of, or were used to facilitate federal crimes. The objective is achieved by removing the proceeds of crime and other assets relied upon by criminals and their associates to perpetuate their criminal activity against the society.