MALTA: NEW LAW TO GIVE STATE POWER TO SEIZE LUXURY ASSETS WITHOUT CRIMINAL CONVICTION

On 10 August, Malta Today reported that a forfeiture law will empower the Asset Recovery Bureau to confiscate assets acquired through criminal means without criminal conviction. The Proceeds of Crime Bill will empower the Asset Recovery Bureau to file civil proceedings for the confiscation of assets acquired through criminal means. A specialised civil court will be created to deal with asset recovery. The Bill is expected to be put on parliament’s agenda when it reconvenes in October.

https://www.maltatoday.com.mt/news/national/104081/dirty_money_law_gives_power_to_seize_luxury_assets#.XzFQh6-SmM8

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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