Mutual recognition of freezing and confiscation orders
In order to respond more effectively to the challenge of criminals and terrorists hiding assets in other Member States, in 2016 the European Commission proposed a regulation on the mutual recognition of freezing and confiscation orders in criminal matters. The directly applicable instrument removes the need for national transposition, broadens the scope of the current rules to cover new types of confiscation and includes provisions on victims' rights to restitution and compensation. In June 2018, provisional agreement was reached in interinstitutional negotiations and the European Parliament voted the agreed text on 4 October 2018. The Council followed suit on 6 November 2018. The final act was signed on 14 November and published in the Official Journal of the EU on 28 November 2018. The regulation will apply 24 months after its entry into force, namely from 19 December 2020. Second edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.
Briefing
About this document
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Author
Keyword
- adoption of a law by vote
- confiscation of property
- criminal law
- criminal proceedings
- economic analysis
- ECONOMICS
- European construction
- EUROPEAN UNION
- European Union law
- fight against crime
- impact study
- judicial cooperation in criminal matters in the EU
- justice
- LAW
- mutual recognition principle
- offence
- organised crime
- parliamentary proceedings
- POLITICS
- proposal (EU)
- seizure of goods
- social affairs
- SOCIAL QUESTIONS