Turkey moves to ratify key CoE convention against financing of terrorism

The Turkish government has moved to boost its contribution in global counter-terrorism efforts by ratifying a key convention of the Council of Europe (CoE), of which it is a founding member state.

Ankara signed the CoE’s Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism back in March 2007, but it has so far refrained from ratifying the convention.

However, Parliament’s Foreign Affairs Commission approved the convention on Dec. 30 and it is expected to be sent to the General Assembly floor for ratification in the New Year.

The convention is aimed at facilitating international cooperation and mutual assistance in investigating crime and tracking down, seizing and confiscating the proceeds thereof. It is also intended to assist states in attaining a similar degree of efficiency even in the absence of full legislative harmony.

By becoming a party to the convention, member states are expected to criminalize the laundering of the proceeds of crime and confiscation of instrumentalities and proceeds (or property the value of which corresponds to such proceeds).

For the purposes of international cooperation, the convention provides for forms of investigative assistance in procuring evidence, transferring information to another state without a request, adopting common investigative techniques, and lifting bank secrecy. It provides measures to confiscate the proceeds of crime such as enforcement by the requested state of a confiscation order made abroad and domestic proceedings leading to confiscation at the request of another state. It also provides for provisional measures such as freezing bank accounts and seizing property to prevent its removal...
 [hurriyetdailynews.com]
1/1/16
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