24th Parliamentary Intelligence-Security Forum – Extinction Of Domain Law, An Effective Way To Fight Against Transnational Criminal Organizations

Mr. Riggs explained that the extinction of domain is a criminal prosecution mechanism that deprives criminal organizations of financial resources to weaken their operational structure and generate a balance in the frontal combat against criminal organizations. It is a patrimonial legal consequence consisting of the loss in favor of the state of economic resources that do not enjoy legitimacy or constitutional protection.

The extinction of domain seeks to rebuild the social fabric, rebuild victims and create a balance due to the impact on sustainable human development caused by organized crime. To do this, it is important for the legal system to incorporate the pension law and judicialized operations against organized crime. Operation Neptune, Operation Fisher, Operation Fortress, Operation Quixote have allowed the confiscation of 10 million dollars in a single operation during the year of 2022 and 10.2 million dollars between bank accounts, farms, properties, financial institutions and vehicles are awaiting a judicial decision that allows the use of those funds and resources.