Confiscating crooks' assets  

EU-wide rules to make it easier for member states to trace, freeze, manage and confiscate crooks’ assets will be put to a vote on Tuesday. Today, less than 1% of the proceeds of crimes such as drug trafficking, counterfeiting, human trafficking and small arms smuggling are frozen and confiscated.

The draft law, already informally agreed with national governments, is part of a broader EU strategy to fight fraud and corruption. The new rules would enable national authorities quickly to identify and trace criminals’ assets – such as cash held in bank accounts, real estate, vehicles, livestock, artworks, company shares, businesses, and collector's items - and to freeze, manage and confiscate them consistently across the EU.

Debate: Monday, 24 February

Vote: Tuesday, 25 February

Procedure: Co-decision (Ordinary Legislative Procedure), first reading agreement

Press conference: Tuesday, 25 February, at 15.30 or 16.00 (tbc)

#crime #confiscation