Effectiveness of Asset Recovery in the European Union

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Saturday, March 9, 2019
Author: 
Michael Plachta
Volume: 
35
Issue: 
3
Abstract: 

On February 12, 2019, Eurojust, the European Union's Judicial Cooperation Unit, released its report on asset recovery. The report takes an in-depth look at the EU’s experience on the ground in cross-border asset recovery investigations between January 2014 and March 2018. The report is a practical guide for prosecutors and investigative judges around the EU working on criminal financial investigations, explaining how to follow the money and subsequently freeze it, as well as confiscate and recover the assets. The report presents an overview of the main legal and practical issues that Eurojust encountered in its casework in asset recovery, the support provided by Eurojust at any given stage of the asset recovery process, the main judicial cooperation instruments and tools used, and the best practice identified.