G7 representatives consider parliamentary and ministerial oversight of National Financial Security Bureau optimal

Source : 112 Ukraine

The President of Ukraine Petro Poroshenko has supported the idea of setting up the National Financial Security Bureau.
22:46, 19 April 2018

Ambassadors of the G7 countries suppose the parliamentary and ministerial oversight of the National Financial Security Bureau to be the optimal approach, according to the official letter written by the member of parliament Mustafa Nayem (BPP faction) and published on Wednesday, Interfax-Ukraine reports.

Political and operating independence, according to the authors of the letter, is among the most important principles the new institution should be based on, the letter reads.

Particularly, a law must set the rules for the oversight of the management selection in order to ensure the operating independence of the body. “It may be useful to lay out mechanisms for the parliamentary and ministerial oversight”, - the letter reads.

The law should provide for the agency’s mandate to investigate the most serious economic, financial and tax-related crimes, the letter says.

Related: G7 urges Ukraine to abolish e-declaration for anti-corruption

“The new agency will be assigned an important role, which would require it to ensure public trust and improve the trust of international institutions and the private sector. The stakeholders and the public generally expect a clear break from the current bodies of the executive branch”, - the authors of the letter point out, stressing the need for dialogue and cooperation with the parties involved – members of parliament, relevant ministries, law enforcement agencies and the civil society.

As reported earlier, the Head of the parliamentary committee on taxation and customs policy Nina Yuzhanina submitted bill #8157 on the National Financial Security Bureau, which was earlier criticized by the Finance Ministry. The bill is an alternative to the government’s suggestions to establish a Financial Investigations Service.

Related: What's wrong with Ukraine's bill on Anti-Corruption Court?

The Bureau is supposed to be accountable to the president and the parliament, whereas the Financial Investigations Service was expected to be subordinate to the Finance Ministry, the Cabinet or the Interior Ministry.

The President of Ukraine Petro Poroshenko has supported the idea of setting up the National Financial Security Bureau. Later, he defined the relevant bill as an urgent one. At the same time, Prime Minister Volodymyr Groysman insists on the establishment of the Financial Investigations Service.

Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more
latest news
editor's choice