Two articles are proposed to be added to the law on combating against legalization of criminally obtained funds or other property and the financing of terrorism, the parliament told APA.
According to the new articles, assets under the order, ownership or use of or those that are owned by legal entities or individuals on whom sanctions are to be imposed for financing terrorism or those in common ownership and assets managed and controlled by these persons as well as other assets obtained by property are to be frozen.
If it becomes clear that the data presented to a financial monitoring body belongs to individual on whom sanctions are to be imposed for financing terrorism or to a legal entity under owned or controlled by the same individual or to a legal entity or an individual operating on behalf of this person or under his/her instructions, the financial monitoring body makes a decision of the preliminary freezing of assets during two working days. Assets get frozen by the financial monitoring body during 30 days.
The bill will be discussed at the parliament’s plenary meeting on October 20.