Satement by Cecilia Malmström on asset confiscation
On 12 March 2012, Cecilia Malmström, Member of the EC in charge of Home Affairs, participated in a press conference in Brussels. On this occasion, she gave a speech on organised and serious crime, which is profit-driven and creates enormous illegal wealth every year. As criminal groups operate across borders, they hide and re-invest profits all over the EU.
The EU must step up its efforts to protect our economies, by going after criminals' assets more decisively. The Commission will propose a directive to make it easier for Member States to confiscate assets derived from serious and organised crime. It will establish a new EU legal framework to simplify existing EU rules and fill gaps which have benefitted criminals until now.
The proposed legislation will enhance the ability of Member States to confiscate assets that have been transferred to third parties, as well as assets not directly linked to the offence for which a criminal has been convicted. SHOTLIST