COUNCIL ADOPTS DIRECTIVE ON THE FREEZING AND CONFISCATION OF PROCEEDS OF CRIME

The Council of the EU has published a press release stating that it has adopted the Directive on the freezing and confiscation of proceeds of crime in the EU. The Directive aims to make it easier for national authorities across the EU to confiscate and recover the profits made by criminals from cross-border and organised crime.  It provides more possibilities for confiscating proceeds of crime in cases of the flight of the person concerned or illness. It also provides for rules on extended powers of confiscation, thus making confiscation easier when a judge is convinced that the property in question has been obtained through crime. The UK has not opted in to the Directive.  

SERBIA CABINET MINISTER ARRESTED

It has been widely reported in the press that Serbia's former telecommunications minister and head of an investment promotion agency, Jasna Matic, has been arrested on suspicion of alleged corruption along with three others. The charges are in relation to 1,300 fictitious contracts worth US$1.4 million.