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01/07/2016
New Proceeds Of Crime Bill Published
The new Proceeds of Crime (Amendment) Bill, part of the ongoing response to crack down on organised crime, has been published by the Tánaiste and Minister for Justice, Frances Fitzgerald.
Announcing the new Bill, the Tánaiste said: "We will face down the current threat posed by criminal gangs and we will do whatever is necessary to ensure that nobody is above the law.
"This new legislation that I am publishing today will give the Criminal Assets Bureau (CAB) 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 to €5,000. This will target the proceeds of crime held by middle to lower level henchmen. The relentless pursuit of those directing these gangs will also continue."
(MH)
Announcing the new Bill, the Tánaiste said: "We will face down the current threat posed by criminal gangs and we will do whatever is necessary to ensure that nobody is above the law.
"This new legislation that I am publishing today will give the Criminal Assets Bureau (CAB) 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 to €5,000. This will target the proceeds of crime held by middle to lower level henchmen. The relentless pursuit of those directing these gangs will also continue."
(MH)
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Ireland WeatherToday:After a mainly dry and bright morning cloud will increase as the wind strengthens from early afternoon with showers spreading east later. The strong afternoon wind will reach gale to severe gale force along the coasts. Maximum temperature 11 °C.Tonight:Showers die back to western parts from the evening, leaving much of the night dry with clear spells. Showers spread east again towards morning. Gales ease somewhat, a windy night. Minimum temperature 0 °C.
