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Ireland publishes new legislation to pursue proceeds of crime

Xinhua, July 1, 2016 Adjust font size:

Ireland on Thursday published the Proceeds of Crime Bill, which is part of the ongoing response to crack down on organized crime.

Under the new legislation, the Criminal Assets Bureau (CAB) has the power to seize property which they suspect to be the proceeds of crime for up to 21 days. This period will allow CAB to prepare an application to the High Court for an interim restraining order and prevent the disposal or dissipation of the property in the meantime.

The other key measure in the bill is to reduce the threshold value of property which can be pursued by CAB from 13,000 euros to 5,000 euros.

"This will target the proceeds of crime held by middle to lower level henchmen," Irish Deputy Prime Minister Frances Fitzgerald said.

"The relentless pursuit of those directing these gangs will also continue," she said.

In recent months, Dublin's gangland crime problem are getting worse. Police have put in roadblocks, increased surveillance on high-profile targets. Endit