‘EU to impose confiscation of criminal assets’

Published on 18 December 2013 at 12:45

Cover

The draft of an EU directive regarding "the confiscation of criminal assets following a final conviction" was approved, on December 17 by the European Parliament's Committee for Civil Liberties, Justice and Home Affairs.

The proposal must be ratified by the European Council, which, says Romanian daily România Liberă, considers it "a formality", but first it must be approved by the Parliament in February 2014. "What is most likely is that the directive will enter into force before EU elections scheduled for May 2014, and member states will have 30 months in which to harmonise their legislation," the paper adds.

The bill aims to retrieve wealth derived from criminal activity which has been registered in the names of parents, friends or relatives.

Receive the best of European journalism straight to your inbox every Thursday

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic