...Georgios Pavlidis Purpose This paper critically examines the recent legislative initiative of the European Union (EU) – the new Directive 2024/1260 on asset recovery and confiscation. It focuses particularly on the provisions that revamp Asset Recovery Offices (AROs) as part of the EU’s anti-money...

.... Conventional approaches to confiscation and anti-money laundering are deemed insufficient in this evolving landscape. The absence of a central authority and the use of encryption hinder the identification of asset owners and the tracking of illicit activities. Moreover, the international and cross-border...

... proceeds that are traced and confiscated is disturbingly small (World Bank, 2007 ; Hansen, 2014), as asset recovery is hindered by multiple factors, such as the sophistication of money laundering techniques, the complexity of judicial proceedings, the lack of resources and the lack of political...

...George Pavlidis; Konstantinos Satolias George Pavlidis can be contacted at: g.pavlidis@nup.ac.cy Proceeds of crime Cyprus Asset tracing Money laundering Confiscation Freezing © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only...

..., statute or court make disclosure compulsory. 4. Where there is a duty to the public to disclose information. © Emerald Group Publishing Limited 2013 Money laundering Banking confidentiality Banking secrecy Offshore financial centres Confiscation Money Banking The term...