Article 6. Competence of the authorized body for asset recovery The Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 6. Competence of the authorized body for asset recovery The Law on the Return of Illegally Acquired Assets to the State

Authorized body for asset recovery:

1) carries out asset recovery activities on behalf of and in the interests of the State;

2) searches, collects, processes, summarizes, evaluates incoming information about assets, analyzes information about the origin of assets;

3) ensures interdepartmental interaction and coordination of the activities of state, law enforcement and special government agencies on asset recovery issues;

4) maintains the register formed by the commission;

5) concludes agreements on the voluntary return of assets, amicable agreements in accordance with the civil procedure legislation of the Republic of Kazakhstan, procedural agreements on the admission of guilt and the return of assets in accordance with the criminal and criminal procedure legislation of the Republic of Kazakhstan and other agreements that do not contradict the legislation of the Republic of Kazakhstan;

6) carries out international legal cooperation in the criminal, administrative, and civil law spheres in order to recover assets;

7) carries out international legal cooperation in the field of search (disclosure), confirmation of origin, application of provisional interim measures, interim measures and return of illegally acquired assets to the State;

8) performs the functions of a working body that ensures the activities of the commission;

9) initiates, on behalf of the State, administrative, criminal and civil proceedings, as well as proceedings on administrative offenses against individuals and legal entities on the grounds provided for by this Law.;

10) adopt, in accordance with the procedure established by the legislation of the Republic of Kazakhstan, regulatory legal acts within its competence;

11) develops proposals for improving regulatory legal acts in the field of asset recovery;

12) requests and receives information and materials from government agencies, organizations, quasi-public sector entities and officials in accordance with the procedure established by the legislation of the Republic of Kazakhstan.;

13) jointly with the authorized body responsible for ensuring tax revenues and other mandatory payments to the budget, approves the form and procedure for submitting an asset disclosure declaration.;

14) exercise other powers provided for by this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.

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

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases