Russia cracks down on corrupt assets with stricter realtor rules
Russia’s Prosecutor General Alexander Gutsan has criticised the slow progress in seizing illegal assets from corruption suspects and convicts. He highlighted gaps in tracking down ill-gotten gains and ordered stricter enforcement to improve recovery rates.
Gutsan revealed that only one in three asset-tracing requests currently succeeds. To address this, he instructed realtors to speed up confiscations and ensure they can prove the illegal origin of seized property.
The new measures aim to tighten control over illegally obtained assets and increase the success rate of recovery efforts. Realtors must now act faster and provide clearer evidence of illicit origins when seizing property.
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