The Council of Europe has historically been at the forefront of international action against organised crime by developing a range of conventions and other soft law standards aimed at facilitating international co-operation as regards investigative assistance, search, seizure and confiscation of the proceeds from all types of criminality. Work in this area has led to the adoption of the 1990 Council of Europe Convention on laundering, search, seizure and confiscation of the proceeds from crime (“the Strasbourg Convention”), as the first internationally binding treaty that focuses exclusively on money laundering.

In May 2005, the Council of Europe opened for signature the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism (CETS No. 198), which is the first international treaty covering both the prevention and the control of money laundering and the financing of terrorism.

On 23 November 2023, the  Committee of Ministers of the Council of Europe adopted the Terms of Reference establishing the Committee of Experts on Criminal Asset Recovery (PC-RAC).

The PC-RAC is  entrusted, under the authority of the Committee of Ministers and the European Committee on Crime Problems (CDPC), to elaborate an additional protocol supplementing the Council of Europe Convention on laundering, search, seizure and confiscation of the proceeds from crime and on the financing of terrorism (CETS no. 198), as well as a draft explanatory report.

The PC-RAC will meet 3 times a year, in closed session. Access to information about specific meetings and documents of the PC-RAC is available below, or depending on their classification, can be consulted in line with Resolution Res(2001)6 on access to Council of Europe documents.

Meetings
News

Back 3rd meeting of the Committee of Experts on Criminal Asset Recovery (PC-RAC)

3rd meeting of the Committee of Experts on Criminal Asset Recovery (PC-RAC)

The Committee of Experts on Criminal Asset Recovery (PC-RAC) held its third meeting from 14 to 16 October 2024 in Strasbourg, under the chairmanship of Mr Cornel-Virgiliu Calinescu (Romania). Building on the progress made in previous sessions, the Committee reviewed written comments and drafting proposals for the provisions of the additional protocol to the Council of Europe Convention on laundering, search, seizure and confiscation of the proceeds from crime and on the financing of terrorism (CETS 198). In this context, the members, observers and participants discussed legislative and practical aspects of different asset recovery mechanisms, investigative means and international cooperation challenges. The next meeting of the PC-RAC will take place in March 2025.

Strasbourg, France 14-16 October 2024
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