EU Asset Recovery Offices

Formation2007
PurposeRecovering the financial gain from crime
Region
European Union
LeaderEU Commission & Europol

The European (EU) Union Asset Recovery Offices (ARO) are national central contact points that facilitate EU-wide tracing of assets derived from crime.

Council Decision 2007/845/JHA (“The Decision”) obliges Member States to set up or designate such offices. It requests AROs to exchange information under the conditions laid down in Framework Decision 2006/960/JHA (“the Swedish Initiative”) and in compliance with the applicable data protection provisions.[1]

The Decision is also intended to support the CARIN (Camden Assets Recovery Interagency Network), a global network aimed at enhancing mutual knowledge about methods and techniques for cross-border identification, freezing, seizure and confiscation of illicitly acquired assets.[1]

Member States are required to ensure that AROs cooperate with each other and help facilitating the tracing and identification of proceeds of crime and other crime related assets by exchanging information and best practices, both upon request and spontaneously. The exchange of information and best practices between AROs should take place regardless of their status (administrative, law enforcement or judicial authority).[1] The purpose of AROs is to remove the financial gain from crime.

List of Member AROs

See also

References

  1. ^ a b c REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND TO THE COUNCIL based on Article 8 of the Council Decision 2007/845/JHA of 6 December 2007 concerning cooperation between Asset Recovery Offices of the Member States in the field of tracing and identification of proceeds from, or other property related to, crime (PDF) (Report). EU Commission. Retrieved 11 January 2019. Content is copied from this source, which is © European Union, 1995-2018. Reuse is authorised, provided the source is acknowledged.