The Draft Law On Financial Investigations Service expected to be finalised soon

On 4 October 2017, the Prime Minister of Ukraine stated that he expects the Draft Law On Financial Investigation Service will be finalised by Verkhovna Rada Committee on Taxation and Customs Policy within one month.

The Prime Minister assured of joint support of both the expert community and society at large and emphasised that subdivisions of other law enforcement bodies dealing with ‘economic’ crimes should be liquidated.

According to the concepts debated over recent months, the demilitarised Financial Investigation Service should be responsible for combating a wide range of economic offences and focus not only on investigative activity but also analytical work and prevention.

While the authority of tax police to conduct investigations remains in question the Draft Law will likely put an end to legal uncertainty regarding these matters and end the duplication of law enforcers’ functions and jurisdiction.

If you would like to know more about the subject covered in this publication, or our services, please contact Sergiy Gryshko and Oleksandr Markov.