International asset recovery

A record-high BGN 18.5 M in property has been confiscated on behalf of the state after it was discovered that the assets have been acquired illegally. Another BGN 13 M in property have to be ruled on by the court. Thus, the total amount will reach BGN 20 M in assets confiscated with sentences that have entered into force.

Montenegrin Justice Minister Zoran Pazin on Thursday said the government had adopted a bill on forfeiture of criminal assets, which aims to tackle the economic power of those behind corruption and crime.

The asset forfeiture law allows the government to seize and keep cash, cars, real estate, and any other property through the so-called freezing procedure.

The OECD Working Group on Bribery will release a review of Greece's efforts to fight foreign bribery on March 20 at 11 a.m. (central European time).