Justice Department Vows to Increase Use of Legal Tools to Seize Organized Crime Assets

By Brian Orsak

The U.S. Justice Department will more aggressively use legal tools to freeze assets and detect financial wrongdoing as part of a larger strategy to combat international organized crime, the department said today. In a 16-page overview of the threats criminal groups pose and methods to fight them, the Justice Department identified abuse of the energy sector, cyberspace, securities exchanges and financial institutions as key concerns. To aid in that effort, the Justice Department will use non-law enforcement tools, including statutes allowing for the freezing of criminal funds and the application of diplomatic and other pressure. "It was famously said that...