The U.S. Department of Homeland Security’s Immigration and Customs Enforcement (ICE) is seizing a record number of bank accounts for money laundering. A Special Agent from ICE submits an Affidavit to a Federal Judge who signs a Seizure Warrant authoring the Special Agent to serve the Seizure Warrant upon the bank and seizure whateve money is in that account. Although the seizure of such accounts may accomplish a legitimate law enforcement purpose in attempting to stop the illicit sale of narcotics by taking the money generated from those sales, the process is too easily abused by the U.S. Government.
Bank accounts are more frequently being frozen or seized by the Federal Government for money laundering. Often, the owners of the seized bank accounts were somehow connected to shipping cargo to, receiving cargo from, or doing business with Colombia. Legitimate business persons who are falsely accused should aggressively pursue getting their money back.