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EU Clears the Way for Easier Asset Forfeitures
By Colby Adams
printEuropean Union nations must harmonize their asset forfeiture and property confiscation laws to comply with a directive adopted Friday by leaders of the economic bloc. In an effort to ease cross-border investigations of the estimated 3,600 organized crime groups operating within the European Union, member-states must harmonize their definitions of criminal proceeds subject to seizure and ease related confiscations, the Council of Ministers mandated Friday. "Criminal proceeds can include any property, including that which has been transformed or converted, fully or in part, into other property and that which has been intermingled with property acquired from legitimate sources, up to...
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