On 3 June 2014, the European Commission published a paper (prepared by Thomson Reuters and Aranzadi) on criminal sanctions in Member States which assesses the sanctions available under national law for money laundering, fraud with no cash means of payment and drug trafficking, amongst others. The paper recommends the introduction of common minimum rules on the definition of criminal offences, applicable sanctions, aggravating circumstances and the situations where divergence from prosecution (for example, for settlements) is acceptable.
The paper is available at: http://ec.europa.eu/justice/criminal/document/files/sanctions_delivery_en.pdf.
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