EU Strengthens Initiative on Confiscation and Recovery of Criminal Proceeds

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Sunday, March 1, 2009
Bruce Zagaris
On November 20, 2008, the European Commission issued a Communication focusing on the need and its efforts to strengthen the confiscation and recovery of the proceeds of crime in the European Union. The Commission Communication calls for swift action. For instance, it calls on EU members to ensure that effective Asset Recovery Offices are established and operating in each of the 27 EU Members as a matter of priority. They should also ensure that cross-border exchange of information occurs effectively, according to the Communication. EU Members remove other existing impediments to confiscation procedures and ensure the proper management of seized assets, the Communication calls for new roles by EU institutions, including EUROPOL and EUROTRUST...[more]