Quicker freezing and confiscation of criminal assets across EU borders
MEPs will debate on Wednesday and vote on Thursday on new rules to speed up the freezing and confiscation of criminal assets across the EU.
The new rules, already informally agreed between Parliament and Council negotiators in June, will make it quicker and simpler for EU member states to ask each other to freeze criminal assets or confiscate criminal property.
Depriving criminals of their assets is an important tool for fighting organised crime and terrorism. However, currently only an estimated 1.1% of criminal profits are confiscated in the EU. The new measures, including tighter deadlines for authorities and standard documents for all EU countries, aim to cut off the sources of financing for criminals and terrorists across the EU by speeding up freezing and confiscation of their criminally-acquired assets.
Procedure: ordinary legislative procedure, first reading agreement
Debate: Wednesday, 3 October
Vote: Thursday, 4 October