21/06/2021 (Agence Europe) – The Commission launched a public consultation on Monday 21 June to feed into the forthcoming revision of EU rules on the seizure of criminal profits. “With only about 1% of the proceeds of crime confiscated in the EU today, criminals are using illicit gains to increase their reach and infiltrate the legal economy and public institutions, posing a threat to the rule of law”, says the Commission. The public consultation on asset recovery and confiscation is open until 27 September 2021. It focuses on how to strengthen the tools that allow national authorities to locate, freeze and confiscate these assets and reduce the opportunities for criminal groups to reinvest their profits. Link to the consultation: https://bit.ly/3cYLULG (SP)