Asset Forfeiture Quotes

Canada is a preferred destination to launder ill-gotten gains with impunity. Numerous investigations that ultimately went nowhere have revealed weak legislation and an under-resourced enforcement regime that is manifestly not fit for purpose. Chances of getting caught are almost nil, civil and criminal asset forfeiture is weak, and penalties are negligible.

Drug-war forfeiture laws are frequently used to allow those with assets to buy their freedom, while drug users and small-time dealers with few assets to trade are subjected to lengthy prison terms.

Civil asset forfeiture was originally intended as a way to cripple organized crime through the seizure of property used in a criminal enterprise. Regrettably, it has become a tool for unscrupulous law enforcement officials, acting without due process, to profit by destroying the livelihood of innocent individuals, many of whom never recover the lawful assets taken from them. When the rights of the innocent can be so easily violated, no one’s rights are safe. We call on Congress and state legislatures to enact reforms to protect law-abiding citizens against abusive asset forfeiture tactics.

It was the deployment of British soldiers to colonial cities strictly for the purpose of enforcing the law that set long-smoldering hostilities aflame. Using general warrants, British soldiers were allowed to enter private homes, confiscate what they found, and often keep the bounty for themselves. The policy was reminiscent of today’s civil asset forfeiture laws, which allow police to seize and keep for their departments cash, cars, luxury goods, and even homes, often under only the thinnest allegation of criminality.

Using general warrants, British soldiers were allowed to enter private homes, confiscate what they found, and often keep the bounty for themselves. The policy was reminiscent of today’s civil asset forfeiture laws,

Oddly, someone who has actually been charged with a crime is entitled to the appointment of counsel in civil forfeiture proceedings, but those whose property has been forfeited but whose conduct did not merit criminal charges are on their own. This helps to explain why up to 90 percent of forfeiture cases in some jurisdictions are not challenged. Most people simply cannot afford the considerable cost of hiring an attorney. Even if the cost is not an issue, the incentives are all wrong. If the police seized your car worth $5,000, or took $500 cash from your home, would you be willing to pay an attorney more than your assets are worth to get them back? If you haven't been charged with a crime, are you willing to risk the possibility that fighting the forfeiture might prompt the government to file criminal charges against you?

But it was not until q984, she Congress amended the federal law to allow federal law enforcement agencies to retain and use any and all proceeds from asset forfeiture, andmtl allow state and local police agencies to retain up to 80 percent of the asserts value, that a true revolution began.

Under a Louisiana drug-forfeiture law, citizens who had their assets seized - and were uncharged - bore the burden of both proving their innocence and having to pay the highest bond in the nation (10 percent of the value of the property or $2500, whichever was greater) to sue for their return. Perversely, the 1989 law insured that forfeited assets were distributed in a manner that invited corruption. Sixty percent of the proceeds went to the law enforcement agency that seized the property, 20 percent to the district attorney, and 20 percent to a state judges' judicial-expense fund.

Americans lose more of their property to civil asset forfeiture than they do to criminals.

But it was not until 1984, when Congress amended the federal law to allow federal law enforcement agencies to retain and use any and all proceeds from asset forfeitures, and to allow state and local police agencies to retain up to 80 percent of the assets’ value, that a true revolution occurred. Suddenly, police departments were capable of increasing the size of their budgets, quite substantially, simply by taking the cash, cars, and homes of people suspected of drug use or sales.

In 2000, Congress passed the Civil Asset Forfeiture Reform Act, which was meant to address many of the egregious examples of abuse of civil forfeiture.

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Global Crackdown Hits Binance Account Marketplace

Global Crackdown Hits Binance Account Marketplace ➤ 24/7 Hours Reply/Contact ➤ Telegram: @Top5StarShop ➤ WhatsApp: +1 (470) 206-8684 ➤ Email: top5starshop99@gmail.com Article Image Searching for how to buy Binance cryptocurrency services has led many users down a dangerous path. Despite Binance being one of the world's largest and most reputable cryptocurrency exchanges, we've observed an alarming trend: the rising demand for verified Binance accounts on secondary markets. This underground marketplace exists primarily for bypassing regional restrictions and avoiding KYC verification requirements. However, this practice directly violates Binance's Terms of Use, which explicitly prohibits account transfers. Importantly, the consequences of purchasing a verified Binance account can be severe. Users face permanent account suspension and complete loss of access to their funds. Additionally, Binance actively monitors for policy violations, with numerous users reporting devastating financial losses after engaging in account purchases. This problem is particularly significant for residents of certain U.S. states like Alaska, Connecticut, New York, and Texas, where Binance.US services remain unavailable due to regulatory restrictions. While some may seek alternative methods to access Binance services or understand Binance.US withdrawal limits, the risks of identity theft, scams, and legal exposure make this a perilous proposition for anyone considering a Binance ID purchase. Authorities Launch Global Crackdown on Binance Account Sales Law enforcement agencies across the globe have launched an unprecedented coordinated effort against black markets selling verified Binance accounts. This crackdown represents the largest enforcement action ever taken against cryptocurrency-related financial crimes, resulting in Binance agreeing to a historic $4.3 billion settlement with U.S. authorities. ➤ 24/7 Hours Reply/Contact ➤ Telegram: @Top5StarShop ➤ WhatsApp: +1 (470) 206-8684 ➤ Email: top5starshop99@gmail.com Coordinated actions target black markets for verified accounts Intelligence sharing between Binance and international authorities has accelerated efforts to dismantle underground marketplaces selling verified accounts. These operations specifically target individuals bypassing regional restrictions through account sales. Binance admitted to prioritizing growth and profits over compliance with U.S. law, knowingly allowing users from sanctioned jurisdictions to conduct transactions. Financial Crimes Enforcement Network (FinCEN) investigation revealed Binance willfully failed to implement proper Know Your Customer (KYC) protocols on numerous users. Law enforcement seizes accounts and arrests resellers Authorities have employed aggressive tactics, including account freezing and seizure of assets. In Thailand alone, authorities seized over 250 million baht ($6.79 million) in a cryptocurrency fraud operation nicknamed "The Purge". The operation led to multiple arrests, including three Chinese nationals, and confiscation of luxury condos, cars, and other assets worth more than 1.9 billion baht ($51.6 million).➤ 24/7 Hours Reply/Contact ➤ Telegram: @Top5StarShop ➤ WhatsApp: +1 (470) 206-8684 ➤ Email: top5starshop99@gmail.com To seize cryptocurrency in accounts, authorities obtain seizure warrants from judges. Often, Binance freezes accounts without informing users that law enforcement has already seized the assets. Subsequently, these seizures appear on government forfeiture websites. Crackdown spans Asia, Europe, and North America The enforcement actions span multiple continents, including: