European practices around the forfeiture of assets acquired through criminal activities are stricter than those of Ukraine. This is what Maria Stogova, the anti-corruption sector manager of the Delegation of the European Union to Ukraine said on air in an interview on the Hromadske television channel.
On the eve of the Ukrainian Parliament’s November 6 vote on a package of visa liberalisation laws, which includes laws on asset recovery, special forfeiture, and third-party asset forfeiture, the EU Delegation to Ukraine published a document explaining the EU’s anti-corruption standards.
“The purpose of this document is to help Ukrainian MPs understand the EU’s current policies for fighting corruption. This information is necessary to inform MPs’ decisions to vote for the laws submitted for consideration,” explains Stogova.
As to the Ukrainian laws proposed in parliament, Stogova says, “a group of independent experts highly recommended the establishment of an Asset Forfeiture Agency. At the same time, two other laws on asset forfeiture as a main instrument for asset recovery have a number of technical remarks.” The diplomat believes that all of these laws are vital for Ukraine’s success within the visa-free regime.