Anti-Financial Crime & Financial Crime Compliance
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Compliance, EU/Europe, Regulatory

INSIGHT: Council of Europe pushes ‘reverse burden of proof’ to deal with criminal assets; says some countries should reconsider their opposition

By Dan Byrne for AMLi

The Council of Europe is urging countries to get serious about a specific legal approach to confiscating criminal assets.

The approach – known as the “reversal of the burden of proof” – essentially shifts key legal obligations to suspected financial criminals in serious cases, rather than the authorities.

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