Although the EU has put in place measures to facilitate the return of the proceeds of crime, they remain largely ineffective, according to a new report by Transparency International, published on Wednesday 11 September.
The report focuses mainly on the recovery of revenue from grand corruption, e.g. the misappropriation of public funds by high-level officials in non-Member States.
Only 2.2% of the proceeds of crime are seized and 1.1% are confiscated. What is the reason for this poor record?...