It wants EU governments to legislate minimum sanctions for any organised crime, which Brussels defines as any criminal conspiracy involving as few as two people.
The Commission has also proposed that criminal records are circulated around the EU, and that convictions in one member country are recognised in another.
This would ensure the ‘efficient, fair and fast prosecution’ of those committing crimes in one EU country then moving to another member state, said Brussels.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal