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The aim of the new rules is to ensure the effective freezing and confiscation of criminal assets across the EU. This will help make the EU more secure by tackling the financing of criminal activities, including acts of terrorism. The regulation will come into effect 24 months after its publication in the EU official journal. This will resolve issues linked to implementation of the existing instruments, which have resulted in insufficient mutual recognition.

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The regulation provides only a limited number of grounds for non-recognition and non-execution. Those limits can only be extended under strict conditions. Background The new regulation replaces the framework decisions on mutual recognition of freezing orders and on mutual recognition of confiscation orders dating back to and These were considered outdated and no longer in line with the latest national and EU rules on freezing and confiscation, and therefore gave rise to loopholes which were exploited by criminals.

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Confiscating assets generated by criminal activities is a very efficient tool to fight crime dating judiciar terrorism. At the moment, it is estimated that

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