Forfeiture of Assets

Forfeiture of assets is a legal process where authorities take away property or money connected to illegal activity, such as drug crimes, fraud, or money laundering. This happens when assets are deemed to be obtained through or used for unlawful purposes. The goal is to prevent criminals from profiting from their crimes and to disrupt illegal operations. Usually, the government must prove that the assets are linked to illegal acts, and this process is often part of criminal or civil proceedings. Essentially, it’s a way to seize assets that are connected to unlawful conduct, even if the owner is not convicted of a crime.