Article 7. Interdepartmental cooperation in the field of asset recovery The Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 7. Interdepartmental cooperation in the field of asset recovery The Law on the Return of Illegally Acquired Assets to the State

1. The authorized body for asset recovery interacts with law enforcement agencies of the Republic of Kazakhstan, special state bodies, authorized state bodies, organizations, quasi-public sector entities within the limits of its powers by:

1) collection, analysis and monitoring of information to counteract the illegal acquisition of assets;

2) requesting information on the illegal acquisition and (or) withdrawal of assets obtained in the course of their activities, as well as information and documents constituting official, commercial, tax or other legally protected secrets, with the exception of banking secrets, insurance secrets, secrets of micro-credit provision and secrets on the securities market, in relation to persons, included in the register in accordance with this Law.

Information, information and documents constituting banking secrecy, insurance secrecy, secrecy of micro-credit provision and secrecy on the securities market for persons included in the register are provided upon written request of the authorized body for asset recovery, signed by the first head or the person performing his duties, with an extract from the register, formed in accordance with the Legislation of the Russian Federation. by this Law, banks, organizations engaged in certain types of banking operations, insurance organizations, organizations engaged in microfinance activities, and professional participants of the securities market;

3) requesting information related to the illegal acquisition and withdrawal of assets obtained in the course of criminal proceedings and operational investigative activities, with the exception of information prohibited by the Law of the Republic of Kazakhstan "On Operational Investigative Activities".

2. Law enforcement agencies of the Republic of Kazakhstan, special state bodies, authorized state bodies, organizations, quasi-public sector entities:

1) provide information, information and documents necessary for the authorized asset recovery body to implement asset recovery measures, as well as perform the functions of the commission's working body;

2) upon self-identification, inform the authorized body for asset recovery of suspicious transactions, including transactions for the export (import) of goods (works, services) with prices clearly different from the market value, indicating the details of individuals and legal entities.

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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