Representatives from five agencies signed an interagency order approving the Regulations on Ensuring the Conduct of Parallel Financial Investigations in Criminal Cases Involving Economic Gain. The new Regulations establish a unified mechanism for organizing and conducting parallel financial investigations, as well as defining the stages of their assessment, initiation, planning, conduct, and documentation, along with mechanisms for record-keeping, reporting, and cooperation among competent authorities.
One of the main objectives is the early initiation of parallel financial investigations and their conduct concurrently with the criminal investigation. In this way, authorities will be able to identify and track criminally obtained assets in a timely manner and take measures to freeze them. This mechanism is designed to prevent the concealment, disposal, or transfer of criminal assets and to create the necessary conditions for their effective confiscation and recovery.
At the same time, this provision strengthens cooperation between the Agency for the Recovery of Criminal Assets within the National Anti-Corruption Commission, criminal investigation agencies, and the prosecutor’s office, including through common mechanisms for recording and reporting the results of parallel financial investigations.
By establishing this mechanism, the authorities aim to apply a uniform approach at the national level and improve the effectiveness of identifying, freezing, confiscating, and returning assets obtained through criminal means.
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