CRIME GROUPS BENEFIT FROM CRIMINAL PROCEEDS SEIZURE AND CONFISCATION WEAKNESSESCRIME GROUPS BENEFIT FROM CRIMINAL PROCEEDS SEIZURE AND CONFISCATION WEAKNESSES
January 30th, 2024
The seizure of criminal proceeds has been a policy priority of the current Singaporean presidency of FATF (the Financial Action Task Force) (1). But while it and jurisdictions such as the European Union (EU) are developing reforms to boost asset recovery, more change is needed for this tactic to become a truly effective weapon against organised crime.
FATF in November (2023) released comprehensive reforms to its recommendations, designed to offer police, government, regulators and prosecutors “a more robust toolkit to target and confiscate criminal ...
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