Press Release

Seized terrorist funds to be used in stride against them

Brussels
, 10.07.2018 - 10:00
Corruption

Two new sets of EU rules will tie terrorists’ hands and limit their access to money for organising attacks in Europe. Today, the European Parliament’s Committee on Civil Liberties, Justice and Home Affairs gave the green light to a preliminary agreement with the Member States on improved common EU rules on money laundering and the more efficient blocking of terrorists’ access to financing.

Monika Hohlmeier MEP, the EPP Group’s Spokeswoman on the Directive on the countering of money laundering by criminal law, said: “Criminals launder two to five percent of global GDP on a yearly basis. An essential part of this money is laundered and injected into the legal economy or used to finance terrorism and international cross-border crime. Common definitions of money laundering crimes, predicate offences and a level of sanctions, which we agreed on in committee today, will massively improve cross-border police and judicial cooperation in this regard.”

Salvo Pogliese MEP, the EPP Group’s Spokesman on new rules simplifying the cross-border enforcement of freezing and confiscation orders, said: “We are introducing a single legal instrument for the freezing or confiscation of assets generated by criminal activities in all Member States thanks to which criminals will not be able to hide their illegally-gained finances around the EU. Member States will automatically recognise all decisions to freeze or confiscate these incomes issued in the EU. Confiscated assets will be re-used in areas affected by terrorist attacks or other serious crime, including compensation for families of police officers and civil servants who die carrying out their duties.”

Both legislative proposals were introduced as part of the European Commission’s Action Plan to strengthen the fight against terrorism financing following terrorist attacks around Europe in 2015 and 2016. The rules agreed in trilogue with the Council will be voted on at the September plenary session of the European Parliament.

Note to Editors
The EPP Group is the largest political group in the European Parliament with 219 Members from 28 Member States

MEP Contacts

-
Monika HOHLMEIER
BRU - Phone: +32 (0)2 2845191 Fax: +32 (0)2 2849191
Email: monika.hohlmeier@europarl.europa.eu
-
Salvatore Domenico POGLIESE (Former MEP)
BRU - Phone: +32 (0)2 2845188 Fax: +32 (0)2 2849188
Email: salvatoredomenico.pogliese@europarl.europa.eu

Press Contacts

Hana Bambasová
Press Officer on Civil Liberties, Justice and Home Affairs, Terrorism and Czech Media
Phone: +32 484 278 754
Matthew Bonett
Press Officer for Civil Liberties, Justice and Home Affairs and Maltese Media
Phone: +32 476 890 558

Latest

pharmacy
13.09.2018 - 12:40

Dual Quality Products: what you see is what you should get

The European Parliament today proposed concrete measures to solve the problem of quality differences between products sold under the same brand and...
Copyright law, defending consumers, State of the Union, Future of Europe
13.09.2018 - 12:30

Copyright law, defending consumers, State of the Union, Future of Europe

The European Parliament has approved legislation to help online content creators earn their fair share through a stronger EU copyright law. It also...
Business woman working on desk
12.09.2018 - 13:31

EPP Group leads EP in protection of independent journalism

The European Parliament stands behind journalists, creators, authors, publishers and legitimate copyright right-holders. This is the outcome of today...
Euro Currency: Stacks of 5, 10, 20 and 50 euro notes piled together
12.09.2018 - 13:03

Stopping terrorists' access to financing

The EPP Group insists on improved controls of cash at Europe's external borders to fight the financing of terrorism and organised crime. The...

Highlights of the week

10.09.2018 - 14.09.2018
Manfred Weber, Chairman of the EPP Group

The State of the Union

Members of the European Parliament and the President of the European Commission Jean-Claude Juncker will hold the annual State of the Union debate on...
Protect creativity without creating borders

Copyright in the Digital Single Market

On Tuesday 11 September, members of the European Parliament will hold a debate on the long-awaited copyright reform. The file has returned to the...
Woman checking food labelling

Dual quality products: what you see is what you should get

The European Parliament will vote on Thursday on a Report that will propose measures to solve the problem of quality differences between products...
Photo of Hadrien Fiere playing guitar