Article 5. Goals and objectives of this Law, the Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 5. Goals and objectives of this Law, the Law on the Return of Illegally Acquired Assets to the State

1. The objectives of this Law are the return of assets and (or) their involvement in legitimate economic turnover in the Republic of Kazakhstan, the elimination of the causes and conditions that contributed to their illegal acquisition and withdrawal, as well as the restoration of social justice in society.

2. The achievement of the objectives specified in paragraph 1 of this Article shall be realized by solving the following tasks::

1) identification, suppression, disclosure and investigation of violations in the field of asset withdrawal;

2) development of international legal cooperation on asset recovery;

3) formation of public policy and effective use of returned funds for the benefit of society;

4) identification and elimination of the causes and conditions that contributed to the illegal concentration of economic resources, illegal withdrawal of assets, and elimination of their consequences.

This Law, in the interests of current and future generations of Kazakhstanis, regulates public relations to identify and return illegally acquired assets to the state (hereinafter referred to as asset recovery) in order to restore the violated rights of the people of Kazakhstan, ensure the rule of law, social justice, and sustainable economic and social development of Kazakhstan for the benefit of its people.

President

Republic of Kazakhstan

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