Forfeiture of assets of equivalent value

Section 70

Forfeited assets become State property.

The forfeited assets of equivalent value become State property.

Typologies and trends in terrorist financing methods and techniques Techniques for tracing criminal assets and funds with a view to their seizure and confiscation.

If the assets have been destroyed or damaged or rendered unserviceable, the court may order the forfeiture of assets of equivalent value along with the forfeiture of assets under Section 70, paragraph 1.

Issues discussed have included the misappropriation of assets, immunities, non conviction based asset confiscation, movement of funds, tracing and trafficking of assets, mutual assistance, restraint, confiscation and return of assets.

Persons whose property had been confiscated were, under section 23.2 of the Act, eligible to recover their property, subject to conditions to be spelled out in a separate restitution law.

There are no income, estate or capital gains taxes.

SR III. Freezing and confiscating terrorist assets

As indicated above, training has been received in the areas of asset forfeiture and proceeds from crime.

Subject matter Non restitution of confiscated property based on citizenship

Mechanisms for recovery of property through international cooperation in confiscation

techniques for tracing criminal properties and funds with a view to their seizure and confiscation.

If the offender possesses, without permission or in violation of laws and regulations, the assets described in paragraphs 1 and 2 that may be subject to forfeiture, the court shall in all cases order forfeiture.

The importance of asset confiscation as a disincentive to criminal activity was also highlighted seized assets could be channelled back into efforts to counter crime.

Pornography is punished by imprisonment and fine or seizure of property.

Property that is the proceeds of, or involved in, the financing of terrorism, terrorist acts or terrorist organisations can be confiscated through the Proceeds of Crime Act 2002.

The aim was to increase the risk of detection and prosecution and forfeiture of criminal assets.

Likewise, no property relating to the financing of terrorism has been seized, frozen or confiscated.

If the offender has destroyed, damaged, transferred, rendered unserviceable or used, in particular used up or expended, any assets that could be subject to forfeiture under Section 70, paragraphs 1 and 2, or where the offender has otherwise prevented the forfeiture of such assets, the court may order the forfeiture of funds up to the amount corresponding to the value of such assets the value of assets that could be subject to forfeiture may be estimated by the court.

Draft Section 71 enables the forfeiture of assets of equivalent value in situations where assets that could be subject to forfeiture under Section 70, paragraphs 1 and 2, have been destroyed, damaged, transferred, rendered unserviceable or used up or expended by the offender already before the court issued the forfeiture order, or where the offender otherwise prevents the forfeiture of such assets.

His possessions are forfeit to the crown.

The Netherlands does not have a separate authority or agency responsible for seizing and confiscating terrorist related assets.

5.2 To the author, the political nature of the expropriation of his family apos s home and assets is demonstrated by the fact that it occurred prior to the adoption of Law Decree No. 4 of 1952, on the nationalization of private property.

When a legal person involved in financing terrorist activity is closed down, property belonging to it is confiscated.

Techniques for tracing property, which represents the proceeds of crime or which is intended to be used for the financing of terrorism, with a view to ensuring that such property is frozen, seized or confiscated?

if the assets sold are equity, the total assets, business income and net assets are respectively the product of total assets, business income and net assets of the invested enterprise and the equity percentage of the investment.

Some OFDI leads to losses instead of profits, especially if the assets acquired are overpriced or not in the acquirer's core area of business.

I can't afford to take a kid with me

Also, the Special Rapporteur observed that the Criminal Procedure and the Criminal Codes have no provisions to confiscate the assets and property of traffickers upon conviction.

Priority should also be given to judicial integrity and international cooperation on the confiscation, recovery and return of assets and the proceeds of crime.

(b) Providing direct on site mentor support in ongoing prosecution and asset forfeiture casework

The applicable law on confiscated property does not allow for restoration or compensation to the author.

2 Net assets is less than 50 of the paid in capital or contingent liability reaches 50

It would also be important to use confiscated criminal assets to fund more effective action against drugs at both national and international levels.

Forfeiture of assets that are the fruits of corruption and bribery

They also stressed the need to provide for the confiscation of assets and for repatriation in corruption cases.

All persons or groups whose property has been seized or whose assets have been frozen have the right to challenge this through full and fair legal proceedings, which, owing to the gravity of seizing property or freezing assets in democratic societies and the principle of the presumption of innocence, must be compulsory.

Investment simultaneously generates income and expands productive capacity.

Assets Recovery and International Mutual Legal Cooperation Department (DRCI), of the Ministry of Justice its areas of responsibility are Asset Recovery and International Judicial Cooperation.

Seizure of land and water

Training also includes asset identification and removal through seizure and forfeiture of civil and criminal nature.

No such funds, financial assets or economic assets have been frozen or unfrozen.

It should be noted that the legal procedure for freezing and forfeiture of proceeds of crime is the same as those used to freeze and forfeit property which has been used or is suspected to be used for terrorist financing.