The Prosecutor General made amendments to the Order "On approval of the rules for appointing and conducting verification of the legality of the sources of origin of assets"

Briefly

The Prosecutor General issued the order on introduction of amendments to the Order dated 11 October 2023 No. 186 "On approval of the rules for appointing and conducting verification of the legality of sources of acquisition (origin) of assets".

In details

The order introduces changes in relation to the objectives of conducting the verification of the legality of the sources of acquisition of assets; the requirements for the order on appointment of verification; as well as the terms for conducting the verifications.

The objectives of the verifications are to examine the legality of the sources of acquisition of assets, and to confirm or refute the fact of illegal acquisition of assets. The order on appointment of verification shall indicate the date, full name and position of the person submitting the order, brief summaryof the available materials, the assets of the subject, the period and the deadline of the inspection. The inspections shall not last more than 60 business days with the possibility of extentionfor the same period, if necessary.

The order came into effect on 14 February 2025.

Are you interested in this topic?

• We would be pleased to discuss with you the above amendments and how they can impact your business.
• We can analyze and implement possible steps to ensure compliance with the new requirements.

If you are interested in additional information, please contact PwC

specialists working as part of a group serving your company, or to any ofthe persons listed.

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