The draft Commission directive on organized crime activities will also facilitate faster implementation of EU sanctions against Russia over the freezing of assets of Russian oligarchs.
The new legislation was deemed necessary to address the current problem in the EU, where several Member States do not have the appropriate legal framework for the confiscation of criminals’ assets.
According to the Commission’s package, circumventing sanctions against Russia by individuals and companies will be considered a crime throughout the Community and will be dealt with uniformly.
Confiscation of property before the trial
The new legislation will allow the confiscation of assets even before the trial, as long as the judicial authorities are convinced of the involvement of individuals and entities in illegal activities. The measure will greatly facilitate the seizure of assets of oligarchs involved in sanctions against Russia.
The new legislation will apply to cases involving terrorism, involvement in a criminal organization, human trafficking, corruption and money laundering.
Regarding the next steps, the Commission proposal will be submitted to the Council of Justice Ministers and the European Parliament for consideration and approval.
Nikos Bellos, Brussels
Source: Deutsche Welle
Source: Capital
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