BRUSSELS PROPOSES NEW CRIMINAL PROCEEDS CONFISCATION LAW
March 1st, 2012
BY KEITH NUTHALL
AN ATTEMPT has been launched by the European Commission to fill loopholes in laws amongst the European Union's (EU) 27 member states regarding the confiscation of the proceeds of crime by police and judicial authorities. Brussels has proposed a directive that would - if approved by EU ministers and MEPs - impose a common standard on the seizure of the fruits of serious crime, enabling the slackest jurisdictions to hold crime-tainted money and property.
EU home affairs Commissioner Cecilia Malmström said: "We need to hit criminals where it ...
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