On Wednesday 9 June, the European Commission asked the Court of Justice of the European Union to impose a financial penalty on Luxembourg, in the form of a daily penalty payment, for failing to fully implement the Directive (2014/42/EU) on the freezing and confiscation of crime proceeds.
This Directive, which should have been implemented by October 2016, makes it easier for Member States to recover gains made by serious organised crime groups through criminal activity. It also prevents the...