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Asset Forfeiture Provisions
Asset forfeiture legislation is used as a tool in criminal law enforcement. Asset forfeiture forms part of proceeds of crime legislation, but also of such diverse legislation covering customs, fisheries management and environment protection. The operation of such laws can adversely impact on third party interests, such as those held by financiers. AELA is concerned to ensure that the interests of financiers are both easily identifiable and adequately protected when an asset, which has been used in connection with the commission of a crime, is seized and forfeited. AELA supports an approach which strikes an appropriate balance between the interests of financiers and law enforcement agencies, and continues to lobby the State, Territory and Federal governments in this regard.
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