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NCJ Number: 92320 Add to Shopping cart Find in a Library
Title: Forfeiture of Narcotics Proceeds - Hearings Before the United States Senate Subcommittee on Criminal Justice, July 23 and 24, 1980
Corporate Author: US Congress
Senate Cmtte on the Judiciary
United States of America
Date Published: 1981
Page Count: 168
Sponsoring Agency: National Institute of Justice/
Rockville, MD 20849
NCJRS Photocopy Services
Rockville, MD 20849-6000
US Congress
Washington, DC 20510
Sale Source: 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
Language: English
Country: United States of America
Annotation: A hearing on the Department of Justice's implementation of the Racketeer Influenced and Corrupt Organization (RICO) Act and the continuing criminal enterprise (CCE) statutes reveals that less than 5 million dollars has been actually forfeited to the U.S. Treasury as a result of adjudication of narcotics trafficking cases.
Abstract: According to testimony from the Government Accounting Office, more forfeitures have not been realized because investigators and prosecutors lack incentive and expertise, foreign and U.S. laws restrict availability of financial information, and foreign laws restrict dissemination of bank information. In addition, the Tax Reform Act of 1979 limits the role of the Internal Revenue Service in drug enforcement. The Treasury Department's responsibilities under the (Foreign) Bank Secrecy Act are discussed, including enforcing financial recordkeeping and currency transaction reporting requirements. Additional testimony was presented by representatives of the Department of Justice, the Drug Enforcement Administration, and the U.S. Attorneys offices in New York and California. Additional witnesses also testified. Tabular data are appended.
Index Term(s): Drug law enforcement; Forfeiture law; Internal revenue laws; Internal Revenue Service; Organized crime; Racketeer Influenced and Corrupt Organizations (RICO) Act
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