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Home » New EU Legislation to Target Criminal Money; Simplify Recovery and Confiscation

New EU Legislation to Target Criminal Money; Simplify Recovery and Confiscation

The European Union (EU) announced on Tuesday that it is mandating all EU member states to enhance rules related to asset recovery and the confiscation of illicit funds, estimated by Europol to reach at least 139 billion euros (US$152.815 billion) annually in earnings for criminal organizations.

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