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TREATY ESTABLISHING A CONSTITUTION FOR EUROPE
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TREATY ESTABLISHING A CONSTITUTION FOR EUROPE
PART-III
: THE POLICIES AND FUNCTIONING OF THE UNION
TITLE-III
: INTERNAL POLICIES AND ACTION
CHAPTER-I
: INTERNAL MARKET
SECTION-4
: CAPITAL AND PAYMENTS
ARTICLE III-160
ARTICLE III-160
Where necessary to
achieve
the
objectives
set out in
Article
III-257
, as
regards
preventing and combating
terrorism
and related
activities
,
European laws
shall define a
framework
for
administrative measures
with
regard
to
capital
movements
and payments, such as the
freezing
of
funds
,
financial
assets
or
economic
gains belonging to, or owned or held by,
natural
or
legal persons
,
groups
or nonState
entities
.
The
Council
, on a
proposal
from the
Commission
, shall
adopt
European regulations
or
European
decisions
in
order
to
implement
the
European laws
referred to in the first paragraph.
The
acts
referred to in this
Article
shall
include
necessary
provisions
on
legal safeguards
.
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