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What is Treasury Forfeiture Fund mean?
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). https://www.law.cornell.edu/uscode/text/31/1009703- It is the receipt account for the deposit of non-tax forfeitures made by the following member agencies:
Internal Revenue Service Criminal Investigation DivisionImmigration and Customs EnforcementCustoms and Border ProtectionUnited States Department of Homeland SecuritySecret ServiceUnited States Coast Guard referencePosted on 03 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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