Justice Department Considers Legal Tool to Seize Assets That Can’t Be Sourced

By Colby Adams

The U.S. government is reviewing how other countries have used a rare legal tool to seize money and property from suspicious individuals who can't justify how they acquired the assets. Earlier this year, officials from the U.S. Justice Department visited Ireland to discuss the use of unexplained wealth orders, a type of subpoena that allows courts to freeze the assets of suspicious individuals who can't explain where their money comes from. Since 1996, the orders have been adopted as criminal and civil tools by Ireland, Australia, Switzerland, Indonesia and the Philippines, among others. Representatives of the U.S. Justice Department who...