¹18, 2014 Transformation of International Cooperation while Seeking for the Proceeds of Crime: A Challenge and the Need of TimeGenesis of international cooperation in criminal proceedings concerning seeking for and seizing the proceeds of crime is analyzed. Application of statistical methods allowed for concluding that existing mechanisms to implement this institute are ineffective. Based on the study of the U.S. law, ways of cooperation between the law enforcement authorities of Ukraine and ones of the USA are revealed. The need for methodological support of operational collaboration between the law enforcement authorities conducted under the Association Agreement between the European Union and Ukraine and best international practices is grounded. It is proved that absence of determined term to respond to a query of Ukraine in legislation of foreign states is the reason for long-lasting delays in seeking for criminal funds. This causes the expediency of improving institutional arrangements and altering current international cooperation agreements as appropriate.
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