Treasury Executive Office for Asset Forfeiture
Encyclopedia
The Treasury Executive Office for Asset Forfeiture (TEOAF) is an agency of the United States federal government in the United States Department of the Treasury
. TEOAF is responsible for administering the Treasury Forfeiture Fund (TFF). The TFF was established in 1992 as the successor to what was then the Customs Forfeiture Fund. It is authorized by section 9703 of Title 31 of the U.S. Code (note that there are erroneously two section 9703's, each dealing with a different subject matter). http://www.law.cornell.edu/uscode/31/usc_sec_31_01009703----000-.html It is the receipt account for the deposit of non-tax forfeitures made by the following member agencies:
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
. TEOAF is responsible for administering the Treasury Forfeiture Fund (TFF). The TFF was established in 1992 as the successor to what was then the Customs Forfeiture Fund. It is authorized by section 9703 of Title 31 of the U.S. Code (note that there are erroneously two section 9703's, each dealing with a different subject matter). http://www.law.cornell.edu/uscode/31/usc_sec_31_01009703----000-.html It is the receipt account for the deposit of non-tax forfeitures made by the following member agencies:
- Internal Revenue ServiceInternal Revenue ServiceThe Internal Revenue Service is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue...
Criminal Investigation Division - Immigration and Customs Enforcement
- Customs and Border Protection
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