On 29 April 2014, the Directive on the freezing and confiscation of proceeds of crime in the EU (2014/42/EU) was published in the OJ. It enters into force twenty days after its publication in the OJ. The Directive introduces measures intended to make it easier for national authorities to confiscate and recover the profits made by criminals from cross-border and organised crime. The UK has decided not to opt in to the Directive. On 13 May 2014, a corrigendum to the Directive was published in the OJ amending the Directive;

  • Article 12 (transposition): the date by which EU member states are required to bring the Directive into force has changed from 4 October 2015 to 4 October 2016.
  • Article 13 (reporting): the date by which the European Commission must submit a report to the European Parliament and the Council of the EU, assessing the impact of existing national law on confiscation and asset recovery, has changed from 4 October 2018 to 4 October 2019.