Poroshenko sets up stolen asset recovery team

19:57, 26 March 2015
Politics
617 0

Ukrainian President Petro Poroshenko has set up an ad hoc team which will be engaged in the recovery of assets illegally siphoned by former officials abroad.

Poroshenko creates a stolen asset recovery team / Photo from UNIAN

A presidential order was signed to set up an intergovernmental ad hoc group to coordinate efforts to return to Ukraine the money illegally siphoned by former high-ranking Ukrainian officials, the presidential press service reported.

The group is headed by Deputy Prosecutor General Vitaliy Kasko.

The members of the groups were also approved.

The group should develop within two months algorithms of effective cooperation between law enforcement and central executive agencies in stolen asset recovery.

The group will also analyze Ukrainian laws in such spheres as the regulation of the financial services markets, foreign economic activity, anti-corruption and anti-money laundering to identify obstacles to the return of stolen assets to Ukraine.

The group should thus prepare proposals how to improve those laws.

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