Justice Management Division...Serving Justice - Securing Results
U.S.
Department of Justice Seized Asset Deposit Fund Overview
The SADF was created
administratively by the Department of Justice to ensure positive control over
and security of funds seized by agencies participating in the Departments
asset forfeiture program. Public Law (P.L.) 102-140, dated October 28, 1991, provided
authority for the investment of SADF monies. The SADF serves as a repository for
seized funds that are not the property of the Government. The SADF holds seized
cash, the proceeds of any pre-forfeiture sale of seized property, and forfeited
cash not yet transferred to the Asset Forfeiture Fund (AFF). The income and expenses
from operating businesses under seizure may also be managed through the SADF.
Because most funds held in the SADF are not Government property, funds in the
SADF cannot be spent for law enforcement purposes of the Department. The SADF
is a dynamic fund. At any given time, there are several thousand cash seizures
resident in the SADF in various stages of the forfeiture process. During any accounting
period, several hundred accounting transactions occur that affect the balance
of the SADF. The majority of these transactions involve the deposit of new seizures
into the SADF or the withdrawal of funds from the SADF for deposit or return.
The funds are transferred from the SADF for deposit to the AFF upon the successful
conclusion of a forfeiture action.
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