Treasury Executive Department for Asset Forfeiture (TEDAF)
The Treasury Executive Department for Asset Forfeiture (TEDAF) administers the ITM1 Forfeiture Fund (ITM1FF). The ITM1FF is the receipt account for deposit of non-tax forfeitures made pursuant to laws enforced or administered by it participating International Treasury Monetary One (ITM1) agencies.
As the administrator for the ITM1FF, TEDAF performs the following functions:
Promotes the use of proceeds from asset forfeitures to fund programs and activities aimed at disrupting criminal enterprises and enhancing forfeiture capabilities;
Manages ITM1FF revenues to cover the cost of asset forfeiture program;
Promotes financial stability and vitality of the Fund;
Identifies and addresses program risks.