Department of the Treasury 

Treasury Executive Office of 

Asset Forfeiture 

Congressional Budget 

Justification and Annual 

Performance Report and Plan 

FY 2024 
TEOAF – 2 

Table of Contents 

Section I – Purpose .................................................................................................................................. 3

A – Mission Statement .......................................................................................................................... 3

B – Summary of the Request ................................................................................................................ 3

1.1 - Resource Detail Table ................................................................................................................. 10

Section II – Annual Performance Plan and Report ........................................................................... 12

A – Strategic Alignment ..................................................................................................................... 12

B – Budget and Performance by Budget Activity ............................................................................... 12

2.1.1 Treasury Forfeiture Fund Resources and Measures ................................................................... 12

Section III – Additional Information .................................................................................................. 13

A – Summary of Capital Investments ................................................................................................. 13
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Section I – Purpose 

A – Mission Statement 

To affirmatively influence the consistent and strategic use of asset forfeiture by law enforcement 

bureaus that participate in the Treasury Forfeiture Fund (TFF or the Fund) to disrupt and 

dismantle criminal enterprises. 

B – Summary of the Request 

The Treasury Executive Office for Asset Forfeiture (TEOAF) administers the Fund, which is the 

receipt account for deposit of non-tax forfeitures made pursuant to laws enforced or administered 

by participating Treasury and Department of Homeland Security (DHS) bureaus. Principal 

revenue-producing bureaus include U.S. Customs and Border Protection (CBP), U.S. 

Immigration and Customs Enforcement (ICE), the Internal Revenue Service (IRS), the U.S. 

Secret Service (USSS), the U.S. Coast Guard (USCG), and Alcohol and Tobacco Tax and Trade 

Bureau (TTB), among others. The Fund is a special fund, defined as a Federal fund account for 

receipts earmarked for specific purposes and the expenditure of those receipts. The law (31 

U.S.C. 9705) allows TEOAF to use the funds for payment of all proper expenses of seizure or 

the proceedings of forfeiture and sale. 

Revenues deposited in the Fund can be allocated and used as the result of a permanent indefinite 

appropriation provided by Congress. A forfeiture process begins once currency or property is 

seized. Seized currency is deposited into a suspense account (holding account) until forfeited. At 

that time, the forfeited amount is transferred (deposited) to the Fund as revenue. Forfeited 

properties are usually sold, and the proceeds are also deposited into the Fund as revenue. This 

revenue represents budget authority for meeting obligations and expenses of the program. 

Expenses of the Fund are set in a relative priority so that operating costs are met first and may 

not exceed revenues. 

 Mandatory expenses represent operating costs of the Fund, including storing and 

maintaining seized and forfeited assets, valid liens and mortgages, investigative expenses 

incurred in pursuing a seizure, information and inventory systems, remissions, victim 

restoration, and certain costs of local police agencies incurred in joint law enforcement 

operations. Following forfeiture, equitable shares may be paid to state and local law 

enforcement agencies that contributed to the seizure activity at a level proportionate to their 

involvement. 

 Secretary’s Enforcement Fund (SEF) expenses are funded from revenue from equitable 

shares received from Department of Justice (DOJ) or U.S. Postal Service (USPS) forfeitures. 

These shares are proportionate to Treasury’s participation in the overall investigative effort 

that led to a DOJ or USPS forfeiture. SEF revenue is available for Federal law enforcementrelated purposes of any bureau participating in the Fund. 

 Strategic Support allows TEOAF to fund priority Federal law enforcement initiatives with 

remaining unobligated balances at the close of the fiscal year, after an amount is reserved for 

the next fiscal year’s operations. 

FY 2022-2023 Case Highlights: The following case highlights are intended to provide examples 

of the types of investigations worked by the Fund’s law enforcement bureaus during 
TEOAF – 4 

FY 2022-2023 that resulted in the seizure and forfeiture of assets. Such cases as those 

profiled below are consistent with the strategic mission and vision of the Fund, which 

seeks to use high- impact asset forfeiture in investigative cases to disrupt and dismantle 

criminal enterprises. 

 Violation of the Consumer Product Safety Act Leads to Criminal Enforcement 

Action Totaling $91 Million 

Gree Appliance, a global appliance manufacturer based in Zhuhai, China and Hong 

Kong (Gree Electric Appliances, Inc. of Zhuhai, and Hong Konk Gree Electric 

Appliances Sales Co. Ltd), and their U.S. subsidiary, Gree USA Inc (collectively, the 

Gree Companies), sold approximately 2.5 million defective humidifiers to US 

consumers fully knowing that their products failed to meet safety standards and 

were prone to catch fire. 

Gree Companies failed to report knowledge of the fires to the Consumer Product 

Safety Commission (CPSC) and continued to sell defective humidifiers. A recall was 

only issued after a year as consumer complaints of fires and physical harm soared, 

reporting severe lung damage, partial to total home loss, and monetary damages 

ranging up to $4 million. 

On October 26, 2021, Gree Companies entered into a deferred prosecution agreement 

(DPA) and pled guilty to a criminal information charging Gree Companies with 

failing to notify the CPSC, making it the first corporate criminal enforcement action 

ever brought under the Consumer Product Safety Act. The terms of the DPA include 

a total monetary penalty of $91 million, as well as restitution for any uncompensated 

victims of fires caused by the companies’ defective humidifiers. The investigation 

was conducted by Homeland Security Investigations. 

 Joint Investigation of Gold Dealers Resulted in Money Laundering Conviction 

Global Gold Exchange (GGEX) purchased and sold gold and other precious metals 

out of their San Diego office. GGEX managers laundered money from illicit sources, 

including a Mexican cartel, and fraudulently documented illicit money movements as 

gold trade transactions. The Internal Revenue Service Criminal Investigation 

Division (IRS-CI), working with the Border Crimes Task Force, Federal Bureau of 

Investigation (FBI), and the United States Postal Inspection Service, unraveled 

millions of dollars of suspicious transactions at GGEX during a multi-year 

investigation. The defendants acted as an informal money transfer system, laundering 

money from a variety of sources with no regard to the legality of the funds, and 

facilitated funds transfer domestically and internationally. They also falsified 

invoices to mask the source of the funds. Examples include a large cash transaction 

with a drug cartel in which GGEX charged 10% fee and issued a fraudulent invoice 

featuring the transaction as a sale/purchase of precious metals. GGEX advised their 

clients to mail parcels filled with heavy substances to mimic the weight of gold to 

match the false transaction records. 
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Following the guilty pleas, the defendants received prison sentences and were ordered to 

forfeit approximately $2 million in assets and provide restitution of $3,682,063. This case 

was a part of ongoing joint efforts by IRS-CI and Border Crimes Task Force, a multiagency taskforce that brings together a combined expertise of federal, state, and local law 

enforcement. 

 Small U.S. Secret Service Office Makes a Big Impact on Combatting Financial Fraud 

and Money Laundering 

The Tyler, TX Resident Office of the United States Secret Service (USSS) is a small office 

with just five agents, but it has made a sizable contribution to combatting domestic and 

international financial fraud and money laundering schemes, particularly the ones involving 

the use of cryptocurrency. In 2019, this office—in partnership with other USSS offices, the 

US Postal Inspection Service, and the State Department - Diplomatic Security Service—

launched an operation targeting the use of the U.S. financial payment systems and 

cryptocurrencies to launder proceeds of Business Email Compromise (BEC), online 

romance scams, and other financial fraud schemes. To date, the operation has yielded over 

$3.6 million in seizures, resulted in 14 indictments/arrests, prevented over $255 million in 

losses, and identified over 150 victims. Some of the targets are currently awaiting 

sentencing. 

 Searches at the Southwest Border Uncover Large Methamphetamine Stashes 

In July 2022, Border Patrol Agents from the San Diego Sector Predictive Intelligence 

Targeting Team received information regarding a narcotics load vehicle that had recently 

entered the United States through Otay Mesa, California. After locating and following the 

vehicle, agents observed a swapping of drivers. U.S. Customs and Border Protection (CBP) 

searched the vehicle and recovered 148 packages of methamphetamine weighing 2,270 

kilograms with an estimated street value of over $13 million. 

Shortly after, Border Patrol Agents in Nogales, AZ observed a vehicle being loaded up with 

backpacks. The vehicle departed the area at a high-speed rate. The agents followed from a 

distance and soon discovered the vehicle flipped on its side. They conducted a search 

resulting in the seizure of 10 backpacks containing 90.72 kilograms of methamphetamine 

with an estimated street value of $400,000 hidden. 

 U.S. Coast Guard (USCG) Cutter James Offloads a Billion Dollars of Seized 

Drugs 

After a months-long deployment at sea off the coast of South America, the Coast Guard 

Cutter James offloaded more than 30 metric tons of cocaine and marijuana worth $1 billion 

at Port Everglades in Fort Lauderdale, Florida. The record haul was the culmination of 

several drug interdictions targeting boats transporting cocaine and marijuana from 

Colombia, Peru, and Bolivia to the United States. While at sea, Cutter James used an 

assortment of tools such as drones and specialized cameras that can detect small vessels 

carrying narcotics. These interdictions help decrease regional destabilization caused by 

transnational criminal organizations and prevent large volumes of illegal drugs from 

entering the United States. 
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COVID-19 Related Highlights: 

The Treasury Forfeiture Fund participating agencies have continued making concerted efforts to 

target COVID-19 related fraud schemes, leading to hundreds of millions of dollars being 

forfeited and returned to the Small Business Administration (SBA) and other defrauded entities. 

In FY 2022, the U.S. Secret Service alone brought over $431.247 million in COVID-related 

forfeitures to the Treasury Forfeiture Fund. Below are brief summaries of some of the TFF 

agencies’ recent accomplishments in targeting COVID-related fraud: 

 Homeland Security Investigations (HSI) Operation Stolen Promise 

Targets COVID-19 Pandemic Related Fraud

Since April 2020, ICE’s HSI Cyber Crimes Center (C3), Intellectual Property Rights (IPR) 

Center and HSI Office of Intelligence representatives have been successfully targeting 

online fraud schemes and the sale of illicit COVID19 vaccines and treatments using illicit 

websites and dark net marketplaces. As of January 9, 2023, HSI special agents have 

initiated 1,625 criminal investigations, made 634 arrests, secured 391 indictments, and 166 

convictions in addition to executing 558 search warrants and seizing more than $67 million 

related to COVID-19 fraud. Case highlights include the following: 

 In June 2022, HSI Nashville seized approximately 40,492 counterfeit COVID test kits in 

Franklin, TN. HSI estimated the value of the fraudulent test kits at approximately 

$360,708. 

 In June 2022, a suspect was indicted for violations of 15 U.S.C. § 645 (false statement to 

the Small Business Administration), 18 U.S.C. § 371 (conspiracy to commit an offense 

against the United States), 18 U.S.C. § 641 (theft of government property), 18 U.S.C. § 

1343 (wire fraud), 18 U.S.C. § 1344 (bank fraud), 18 U.S.C. § 1349 (conspiracy to 

commit wire and bank fraud) and 18 U.S.C. § 1503 (obstruction of justice). The target 

was suspected of filing five fraudulent applications for Small Business Administration 

Economic Injury Disaster Loans (SBA EIDL), and one fraudulent application for a Small 

Business Administration Paycheck Protection Program (SBA PPP) loan worth over 

$700,000 resulting in the receipt of $629,168 in illicit funds. The suspect obtained both 

EIDL and PPP funds by providing falsified documents and making false statements 

regarding the finances of applicant companies, including the number of employees, the 

wages paid to employees, and the intended use of the SBA stimulus funding. The 

government recovered $410,986 of the illicit proceeds. 

 In April 2022, a United States citizen was convicted in United States District Court, 

Eastern District of Missouri, for one count of Possession of an Imitation Insignia of a 

United States Agency, in violation of 18 U.S.C. § 701. The conviction was based on an 

HSI investigation after CBP seized an international package from Hong Kong containing 

989 counterfeit COVID-19 Vaccination Record Cards and 2,034 counterfeit Pfizer 

inoculation stickers. 

 In April 2022, HSI Newark seized 1,839,400 counterfeit 3M respirators. Investigation 

revealed that the respirators were purchased by a medical provider to be utilized by frontline healthcare workers during the COVID-19 pandemic. 

 In April 2022, HSI Denver in conjunction with HHS, DCIS, and U.S. Marshals, arrested 

a U.S. citizen for violations of 18 U.S.C. § 371 (conspiracy), 18 U.S.C. § 2320 

(trafficking in counterfeit goods), for production and distribution of counterfeit COVID19 vaccination cards at his residence in Colorado. 
TEOAF – 7 

 In March 2021, HSI Seattle reported the sentencing of a U.S. citizen to 48 months 

incarceration, and $2.9 million in restitution for violations of federal law concerning wire 

fraud, bank fraud, and money laundering. The sentencing is the result of the subject’s 

involvement in falsifying and filing over 30 applications for PPP and EIDL loans valued 

at over $9.4 million. 

 USSS Response to COVID-19 Related Fraud 

Since mid-2020, U.S. Secret Service mobilized its 150 field offices and over 40 cybercrime 

task forces to investigate rampant fraud related to the SBA loans. The USSS has developed 

tactics for responding to this emerging criminal trend and identified several avenues for 

recovering the funds through administrative forfeiture. This effort has been extremely 

successful. In FY 2022 alone, USSS brought 125 COVID-19 related fraud cases, resulting 

in 193 seizures of 13,137 assets for a total of $91,188,341. The agency also deposited over

$431.247 million in COVID-related forfeitures in FY 2022. 

 USSS Recovered $286 million in Fraudulent Economic Injury Disaster (EIDL) Loans 

Using the Financial Crimes Enforcement Network (FinCEN) alerts, Green Dot Bank 

identified 15,325 potential fraudulent deposits and contacted USSS for assistance. USSS 

launched a joint investigation with the SBA Office of Inspector General and determined that 

these deposits represented EIDL loans obtained based on fraudulent applications using 

synthetic identities, stolen Personal Identifiable Information (PII), and willing and unwilling 

money mules. During the investigation, USSS recovered $286 million in stolen EIDL loans 

and is continuing efforts to locate the owners of the accounts. The fraudulent loan 

applications were submitted online through the SBA website and directed the funds to 

numerous “money mule” accounts. Following the forfeiture of multiple Charles Schwab 

Brokerage Accounts, SBA and other defrauded entities have filed petitions for remission. 

Priorities: In FY 2024, TEOAF will continue to support investigations and activities of 

the participating law enforcement bureaus. The bulk of TEOAF expenses include 

supporting seizures and forfeitures by covering the costs of seizure-related activities 

including storage, maintenance, disposition, and destruction of seized property. 

TEOAF focuses on supporting investigations and activities that meet the mission of 

disrupting and dismantling criminal enterprises. To this end, TEOAF prioritizes major 

case1

 initiatives when allocating funding to member agencies, including the purchase of 

evidence and information, joint operations expenses, investigative expenses leading to 

seizure, as well as software tools used for computer and mobile forensics, analysis of 

financial data, and tracing cryptocurrency transactions. Major case initiatives are aligned 

directly to the National Money Laundering and Southwest Border strategies. 

Frequently, the assets identified in these investigations are proceeds of fraud schemes 

with multiple victims. TEOAF allocates significant resources to ensure that such 

1 A major case refers to a case where the forfeiture results in a deposit greater than $5 million, or a case that disrupts or dismantles 

money laundering networks or other financial activities that threaten the financial stability, financial system, or financial interests of 

the United States. 
TEOAF – 8 

investigations are adequately funded to yield successful prosecutions and forfeitures. The 

resulting forfeiture deposits are used to compensate the victims defrauded by the 

violators. 

TEOAF remains committed to supporting TFF participating law enforcement agencies’ 

response to COVID-19 related crimes. TFF agencies are still dealing with significant workload 

associated with massive COVID-19 related fraud schemes, the use of stolen PII in such 

schemes, as well as the laundering of PPP fraud proceeds and the sales of counterfeit vaccines 

and COVID treatments online and via darknet marketplaces. 

From the start of the pandemic, TEOAF has made it a priority to support our agencies’ 

efforts aimed at intercepting, disrupting and dismantling multi-million-dollar COVID 

fraud schemes and returning the money to the victims. The number of COVID fraud 

investigations conducted by the TFF agencies is still very significant, and TEOAF will 

continue supporting such investigations in FY 2023-2024. 

The most notable financial investigations conducted by the TFF agencies involve 

professional money launderers who utilize highly sophisticated money laundering 

methods, global trade and finance, and emerging technologies such as cryptocurrencies. 

They launder illicit funds derived from many criminal violations, including drug 

trafficking, human smuggling, Ponzi schemes and COVID-19 fraud. Such investigations 

require extraordinary law enforcement efforts, manpower, and resources. TEOAF 

prioritizes the support of both ongoing operational needs and cutting-edge technology 

capabilities necessary for conducting big data analytics, tracing and attribution of 

cryptocurrency transactions, and digital forensics on these complex cases. 

These investments buttress the anti-money laundering and countering the financing of 

terrorism (AML/CFT) strategy of DHS and Treasury and alleviate uncertainty about 

funding availability for investigations and forfeitures. 

Challenges: Managing an inconsistent revenue stream to meet the burgeoning 

investigative needs of the agencies, particularly software and analytical tools necessary 

to pursue criminal activities that are increasingly cyber based. A funding mix involving 

all funding authorities (Mandatory, SEF and Strategic Support) is essential to avoid 

uncertainty about future funding for financial investigations and forfeitures. 

Many investigations require analytical and cyber-investigative tools and services that are 

currently not available or insufficient. Additional datasets and critical analytical tools must be 

acquired and maintained to respond to new challenges encountered by the financial 

investigative community. 

The table below reflects forfeiture revenue from all sources including direct revenue, 

reverse 

asset sharing, and interest earned. 
TEOAF – 9 

FY 2015 data does not include the BNP Paribas S.A. forfeiture in the amount of $3,839 million. Of that amount, $3,800 million was 

permanently rescinded under the Consolidated Appropriations Act of 2016, Pub. L. 114-113, Div. O, Tit. IV, §404(e) and §405(b). 

The remainder was returned to the General Fund in FY 2018. 

FY2022 includes over $400 Million in COVID fraud related forfeitures, which will be used to pay remissions to defrauded entities. 

For operational support of TFF agencies’ investigations, both Mandatory and SEF are 

critical funding sources. The Mandatory funding supports investigative expenses only 

for seizure cases, but the vast majority of seizure cases do not initially start as financial 

cases. They grow out of other cases pursuing specified unlawful activities such as drug 

trafficking, human smuggling, or cybercrime, which are all dependent on SEF funding 

for operational support. The nature of revenue and expenses for both Mandatory and 

SEF funding is equally dynamic, requiring adjustments during the fiscal year. 

In addition, TEOAF tracks future remission payments to third parties as contingent 

liabilities. However, these amounts are not recorded as Fund obligations until the 

Department of Justice grants the petition for remission. The third parties are 

predominantly victims of crimes that triggered the forfeiture (e.g., Ponzi scheme 

victims). Amounts recorded are significant because remission payments from multiple 

years are recorded and carried forward. The amounts change constantly as payments are 

made and amounts for new remission cases are added. Future/anticipated equitable 

sharing expenses/payments are also recorded as contingent liabilities. TEOAF considers 

the amounts recorded as contingent liabilities to be unavailable, and consideration of 

contingent liabilities provides a more accurate representation of the Fund’s financial 

position. 
TEOAF – 10 

1.1 - Resource Detail Table

1.2 Obligations Detail Table 

Dollars in Thousands

Treasury Forfeiture Fund

Budgetary Resources

FTE 

* AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

Revenue/Offsetting Collections

Interest $26,099 $48,000 $49,000 $1,000 NA 2.08%

Restored Prior Year Sequestration Reduction $44,774 $70,641 $35,502 ($35,139) NA -49.74%

Forfeited Revenue $1,213,213 $574,835 $586,332 $11,497 NA 2.00%

Recovery from Prior Years Unpaid $22,137 $60,000 $36,000 ($24,000) NA -40.00%

Recovery from Prior Years Paid $84,833 $0 $0 $0 NA NA

Unobligated Balances from Prior Years $877,271 $876,333 $947,247 $70,914 NA 8.09%

Total Revenue/Offsetting Collections $2,268,327 $1,629,809 $1,654,081 0 $24,272 NA 1.49%

Expenses/Obligations

Mandatory Obligations 27 ($954,642) 27 ($462,060) 27 ($471,301) 0 ($9,241) 0.00% 2.00%

Secretary's Enforcement ($10,803) ($35,000) ($35,000) $0 NA 0.00%

Strategic Support ($180,908) TBD ($100,000) TBD NA TBD

Total Expenses/Obligations 27 ($1,146,353) 27 ($497,060) 27 ($606,301) 0 ($9,241) 0.00% 21.98%

Rescissions/Cancellations

Sequestration Reduction ($70,641) ($35,502) ($36,214) ($712) NA 2.01%

Permanent Cancellation ($175,000) ($150,000) $0 $150,000 NA -100.00%

Total Rescission/Cancellations ($245,641) ($185,502) ($36,214) $149,288 NA -80.48%

Net Results 27 $876,333 27 $947,247 27 $1,011,566 0 $164,319 0.00% 6.79%

Contingent Liabilities ($805,417) ($805,417) ($840,000) ($34,583) NA 4%

* The Treasury Forfeiture Fund is staffed by Departmental Offices employees and positions are funded via reimbursable agreement. The FTE are shown here for 

clarity, but are also reflected in the Departmental Offices chapter in the reimbursable FTE total.

FY 2022 FY 2023 FY 2024 FY 2023 to FY 2024

Actual Estimate Estimate $ Change % Change

Treasury Forfeiture Fund Obligations

FY 2022 

Actual

FY 2023 

Estimate

FY 2024 

Estimate

Mandatory *

 CBP $51,323 $24,841 $25,338

 ICE $248,704 $120,376 $122,784

 IRS $59,056 $28,584 $29,156

 USSS $452,331 $218,934 $223,313

 USCG $316 $153 $156

 TEOAF/DO $106,171 $51,388 $52,416

 TTB $656 $318 $324

 DOJ/AFMS $17,523 $8,481 $8,651

 DOJ/CID $18,562 $8,984 $9,164

Total Mandatory $954,642 $462,060 $471,301

SEF

 CBP $0 $4,400 $4,400

 ICE $4,877 $12,123 $12,123

 IRS $4,645 $12,001 $12,001

 USSS $1,282 $6,126 $6,126

 TTB $0 $350 $350

Total SEF $10,804 $35,000 $35,000

Strategic Support

 CBP $98,280 TBD $30,000

 ICE $22,946 TBD $35,000

 IRS $22,335 TBD $22,000

 USSS $7,441 TBD $7,000

 USCG $6,569 TBD $5,000

 TTB $838 TBD $1,000

 FINCEN $22,500 TBD $0

Total Strategic Support $180,909 TBD $100,000

Total Expenses/Obligations $1,146,355 $497,060 $606,301

Dollars in Thousands

* These amounts represent all operating expenses (i.e., Refunds, Asset Shares, etc.) including Reimbursables.
TEOAF – 11 

1.3 Object Classifications Obligations (Schedule O) 

E – Legislative Proposals 

 TEOAF has no legislative proposals. 

Dollars in Thousands

Treasury Forfeiture Fund FY 2022 FY 2023 FY 2024

Object Classification Actual Estimate Estimate

25.2 - Other services from non-Federal sources 66,000 29,618 35,907

25.3 - Other goods and services from Federal sources 216,000 93,658 115,241

41.0 - Grants, subsidies, and contributions 201,000 84,154 103,308

43.0 - Interest and dividends 353 153 187

44.0 - Refunds 471,000 204,226 242,110

94.0 - Financial Transfers 192,000 85,251 109,548

Total Non-Personnel $1,146,353 $497,060 $606,301

Total Budgetary Resources $1,146,353 $497,060 $606,301

Full- time Equivalents (FTE) * 27 27 27

* The Treasury Forfeiture Fund is staffed by Departmental Offices employees and positions are funded via reimbursable agreement. 

The FTE are shown here for clarity, but are also reflected in the Departmental Offices chapter in the reimbursable FTE total.
TEOAF – 12 

Section II – Annual Performance Plan and Report 

A – Strategic Alignment 

The Treasury Forfeiture Fund’s budget activities and performance measures are aligned to the 

objectives in the Treasury FY 2022 – 2026 Strategic Plan. 

The purpose of the Fund is to ensure resources are managed to cover the costs of an 

effective asset seizure and forfeiture program, including the costs of seizure or the 

proceedings of forfeiture and sale, including the expenses of detention, inventory, 

security, maintenance, advertisement, or disposal of the property. Additionally, the 

Fund is used to support law enforcement priorities, financial investigative 

capabilities, and high impact investigations and seizures of physical and financial 

resources aimed to disrupt and dismantle criminal enterprises. 

B – Budget and Performance by Budget Activity 

2.1.1 Treasury Forfeiture Fund Resources and Measures 

Treasury Forfeiture Fund Budget and Performance 

($606,301,000 in obligations from revenue/offsetting collections): 

The Fund continues to measure the performance of the participating law enforcement 

bureaus through the percent of forfeited cash proceeds resulting from high-impact 

cases, which are cases that yield a cash forfeiture deposit equal to or greater than 

$100,000. 

The high-impact cases are cases that pursue major criminal targets and their financial 

networks, and therefore, central to disrupting and dismantling criminal enterprises. At the 

same time, these cases are heavily dependent on TEOAF’s funding due to their high 

operational costs and reliance on sophisticated technologies and analytical tools that are 

not adequately covered by the appropriated funds. The dominant share of high-impact 

forfeitures reflects TEOAF’s effectiveness in supporting such major investigations. 

While the specific numbers shown in the chart fluctuate due to the unusually big forfeitures, the 

consistently dominant (80 percent or more) share of major forfeitures year after year 

demonstrates TEOAF’s consistent commitment to supporting high-impact cases. Member law 

enforcement bureaus participating in the Fund have met or exceeded the performance target 

since FY 2014. 

Expenses/Obligations $1,007,426 $1,022,684 $488,041 $999,476 $1,146,353 $497,060

Budget Activity Total $1,007,426 $1,022,684 $488,041 $999,476 $1,146,353 $497,060 

FTE 25 25 26 27 27 27

Measures FY 2018 

Actual

FY 2019 

Actual

FY 2020 

Actual

FY 2021 

Actual

FY 2022 

Actual

FY 2022 

Target

FY 2023 

Target

FY 2024 

Target

Percent of Forfeited Cash Proceeds 

Resulting from High-Impact Cases 94.19 90.8 82.87 89.65 91.03 80 80 80

27

Resource Level FY 2024 Estimated FY 2018 

Actual

FY 2019 

Actual

FY 2020 

Actual

FY 2021 

Actual

FY 2022 

Actual

FY 2023 

Estimated

$606,301

$606,301 
TEOAF – 13 

For FY 2023 and FY 2024, the target will remain at 80 percent. The Fund maintains a 

target of 80 percent because some cases may be important to pursue, even if they are 

not high-impact cases and result in deposits of less than $100,000. 

Section III – Additional Information 

A – Summary of Capital Investments 

A summary of capital investments, including major information technology and nontechnology investments, can be accessed at: 

https://home.treasury.gov/about/budget-financial-reporting-planning-andperformance/budget-requestannual-performance-plan-and-reports/summary-of-capitalinvestments.