European Parliament’s Committee Initiates Negotiations on a New Regulation on Freezing and Confiscation Orders

On January 11, 2018, the Committee of Civil Liberties, Justice and Home Affairs (LIBE) of the European Parliament (EP) adopted “Regulation on the mutual recognition of freezing and confiscation orders.”[1] The new rules aim at: (i) speeding up freezing and confiscating criminal assets across the EU and (ii) helping seize more illegal earnings from terrorists and other criminals.