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NCJ Number: 134292 Find in a Library
Title: Asset Forfeiture: Customs Reports Improved Controls Over Sales of Forfeited Property
Corporate Author: US Government Accountability Office
General Government Division
United States of America
Date Published: 1991
Page Count: 24
Sponsoring Agency: Azimuth Inc.
Fairmont, WV 26554
National Institute of Justice/
Rockville, MD 20849
NCJRS Photocopy Services
Rockville, MD 20849-6000
US Government Accountability Office
Washington, DC 20548
Publication Number: GAO/GGD/91-127
Sale Source: Azimuth Inc.
1000 Technology Drive, Suite 3120
Fairmont, WV 26554
United States of America

National Institute of Justice/
NCJRS paper reproduction
Box 6000, Dept F
Rockville, MD 20849
United States of America

NCJRS Photocopy Services
Box 6000
Rockville, MD 20849-6000
United States of America
Document: PDF
Type: Program/Project Evaluation
Language: English
Country: United States of America
Annotation: This analysis of the U.S. Customs Service's controls over sales of property seized and forfeited during its law enforcement activities concluded that the Service has improved these controls related to contractor compliance with the Internal Revenue Code requirement that cash sales of more than $10,000 be reported to the Internal Revenue Service.
Abstract: The analysis also focused on the adequacy of controls designed to ensure that sales of forfeited property are not sold to prohibited parties including the Customs Service, the contractor, and subcontractor employees who have control over the property. Results showed that the previous contractor did not file IRS returns associated with transactions because its officials believed that the company was not subject to the reporting requirement. Customs officials report that the current management contractor is filing the required returns. Analysis of 3,675 records also showed that most purchases appeared to be proper. Agency comments and appended methodological information, tables, and agency comments
Main Term(s): Forfeiture; US Customs Service
Index Term(s): Crime specific countermeasures; White collar crime
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=134292

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