Article 8. The Commission The Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 8. The Commission The Law on the Return of Illegally Acquired Assets to the State

1. A commission is being set up to develop proposals and recommendations on the return of illegally acquired and withdrawn assets.

The Commission operates on a permanent basis and is headed by the Prime Minister of the Republic of Kazakhstan.

The position and personal composition of the commission members are approved by the Government of the Republic of Kazakhstan.

The personal composition of the commission members is formed from deputies of the Parliament of the Republic of Kazakhstan, public figures, members of the Government of the Republic of Kazakhstan, the first heads of state bodies and other persons.

2. The working body of the commission is the authorized body for asset recovery.

3. The authorized body for asset recovery and the members of the commission are required to ensure the safety and confidentiality of the information received.

4. Other issues of the commission's activities are regulated by its regulations.

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.

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Republic of Kazakhstan

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