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GreeceParliament passes bill to manage assets confiscated from criminal activities

Parliament passes bill to manage assets confiscated from criminal activities

Hellenic News of America
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A draft law on managing assets confiscated over criminal activity was the last Finance ministry bill to be voted in plenary before elections.

The bill was approved in principle by ruling New Democracy votes alone. Main opposition SYRIZA-Progressive Alliance has been abstaining from votes as stated at the start of this year, PASOK-Movement for Change (KINAL) voted ‘present’, and the Communist Party, the Greek Solution and MeRA25 voted against it.

In wrap-up comments before the vote, Deputy Finance Minister Apostolos Vesyropoulos said the new law meant Greece follows the practices of other EU countries such as Belgium, France, and Spain. The law also requires setting up a central online registry of all types of confiscated assets, whether material or not.

The bill included also a provision to set up what he described as “a new private pension and investment program that could be provided by a wide spectrum of financial institutions throughout the EU, such as credit institutions, insurance businesses, investment businesses.” The new program will be called “Pan-European Individual Pension Product”, and Vesyropoulos said it will be available in tandem with the existing national private pension programs, and it will also serve to supplement public and professional pension systems.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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