Europol report shows €2.4bn out of €110bn criminal assets frozen

European criminal assets agencies are only seizing around 2% of the total estimated proceeds of crime, according to the EU police agency.

Europol said EU agencies freeze an estimated €2.4 billion worth of criminal assets on average each year, out of a total value of illicit crime markets of €110bn.

The report, published by Europol Criminal Assets Bureau, said that while around €2.4bn (2.2% of the estimated total) was provisionally seized annually, some €1.2bn (1.1%) was ultimately confiscated.