Commission Opinion on freezing funds of a non-designated person & extraordinary expenses

The European Commission published an Opinion in July (on the Guidance section of this site) in response to a request by a national competent authority (NCA) asking for its view as to whether an EU bank should freeze funds belonging to a non-designated person that were transferred from a designated intermediary bank. The NCA also asked whether the derogation for …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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