[Code of Federal Regulations]

[Title 31, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR101.3]



[Page 365]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

                       DEPARTMENT OF THE TREASURY

 

PART 101_MITIGATION OF FORFEITURE OF COUNTERFEIT GOLD COINS--Table 

of Contents

 

Sec. 101.3  Petitions reviewed by Assistant Secretary, Enforcement, 

Operations, Tariff Affairs.



    (a) The Assistant Secretary will receive and review all petitions 

for mitigation of the forfeiture of counterfeit gold coins. He shall 

conduct such further investigation, and may request such further 

information from the petitioner as he deems necessary. Petitions will be 

approved if the Assistant Secretary determines that:

    (1) The gold coins have not been previously disposed of by normal 

procedures;

    (2) The petitioner was an innocent purchaser or holder of the gold 

coins and is not under investigation in connection with the coins at the 

time of submission or thereafter;

    (3) The coins are not needed and will not be needed in the future in 

any investigation or as evidence in legal proceedings; and

    (4) Mitigation of the forfeiture is in the best interest of the 

Government.