The European Parliament decided to set up a special committee on organised crime, corruption and money laundering. Composed of 45 members, it may make recommendations regarding the measures and initiatives to be taken, in close collaboration with the standing committees. The term of office of the special committee shall be 12 months, beginning on 1 April 2012, with the possibility of extension.

It remit shall be the following:

• analyse and evaluate the extent of organised crime, corruption and money laundering and its impact on the Union and its Member States and to propose appropriate measures to enable the Union to forestall and counter these threats, including at international, European and national level;
• analyse and evaluate the current implementation of Union legislation on organised crime, corruption and money laundering, and related policies, in order to ensure that Union law and policies are evidence-based and supported by the best available threat assessments, as well as to monitor their compatibility with fundamental rights and the principles underpinning the Union's external action;
• examine and scrutinise the implementation of the role and activities of the Union home affairs agencies (such as Europol, the COSI and Eurojust) working on matters relating to organised crime, corruption and money laundering, and related security policies;
• address the issues referred to in its resolution of 25 October 2011 on organised crime in the European Union, as well as in its resolution of 15 September 2011 on the EU's efforts to combat corruption.

Lastly, the special committee shall present to Parliament a mid-term report and a final report containing recommendations concerning the measures and initiatives to be taken.