EU COMMISSION REPORTS ON IMPLEMENTATION OF EU RULES ON SEIZING CRIMINALS’ ASSETS

On 2 June, the EU published a report, saying that while a new EU Regulation on the mutual recognition of freezing orders and confiscation orders will also improve cross-border cooperation, much more remains to be done. Only 1% of criminal proceeds are confiscated in the EU according to Europol estimates.  It is said that the Commission will now assess the potential for further developing the EU’s asset recovery system.

The report is at –

https://ec.europa.eu/home-affairs/sites/homeaffairs/files/what-we-do/policies/european-agenda-security/20200602_com-2020-217-commission-report_en.pdf

https://ec.europa.eu/home-affairs/sites/homeaffairs/files/what-we-do/policies/european-agenda-security/20200602_com-2020-217-commission-report-annex_en.pdf

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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