The deputies of the Senate (Upper House of Parliament) approved the draft law “On the return of illegally acquired assets” and related regulatory acts. The circle of subjects and the basic principles of the return of assets is determined.
According to the document, an authorized body for the return of assets will be created as the department of the prosecutor’s office, the Kazinform notes.
The legal mechanisms of disclosure, confirmation of the origin and return of illegally acquired assets are introduced. The possibilities of applying preliminary interim measures are provided in case of risk of withdrawal from the country or the transformation of the asset.
At the same time, methods of returning assets are established that can be voluntary or forced in nature, with the disclosure of the procedure for their application.
Among others, it is planned to create an institution of civil confiscation.