Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Compliance, Regulatory

NEWS: ‘Improvements’ needed in certain European countries when it comes to management of frozen property – Warsaw Convention

By Elizabeth Hearst for AMLi

Most European nations have implemented sufficient legislation to ensure the proper management of frozen or seized property, although “improvements” are still needed in some countries. 

According to a new report released by the Warsaw Convention evaluates the efforts of 37 states in compliance with Article 6 of the Treaty, which aims to “ensure a systematic approach to the management of seized and frozen assets until the judicial authorities confirm the final confiscation order.”

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!