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 Ukrainian Politics
  36577

 Poroshenko signs law on special confiscation of property

President Poroshenko has signed a law amending the Criminal Code and the Civil Code of Ukraine and improving special confiscation institutions with the purpose of corruption risk elimination.

According to the statement on the website of the Verkhovna Rada, the law, passed by the parliament on Nov. 10 (the bill No. 2541a), was approved by the president on Monday, Nov. 23, Censor.NET informs.

This law is a part of the so-called "visa-free package" - a list of laws the adoption of which is necessary for the introduction of a visa-free regime between Ukraine and the EU.

Read more: Parliament passed bill on special confiscation of property obtained by crime at second attempt

According to the adopted law, the money and valuables on bank accounts or deposited in banks or other financial institutions as well as other assets transferred by a person who committed a crime to a third party free of charge or in return for a sum that is significantly below the market price shall be subject to special confiscation.

Circumstances relating to a third party must be established in a court on the basis of sufficient evidence. The law stipulates that the special confiscation cannot be applied to the property owned by the acquirer.

Read more: $2 bln stolen by Yanukovych not to be restituted, should law on asset management agency be passed, - MP Chornovol
Источник: https://en.censor.net.ua/n361996
 
 
 
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