22 U.S.C. § 8904 — Recovery of assets linked to governmental corruption in Ukraine
submitted 12 years ago by Pub. L. 113-95 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 269 words · no verdicts yet
This law tells U.S. agencies to help Ukraine recover assets stolen through corruption. The Secretary of State must help identify, secure, and recover assets linked to Ukrainian corruption. Recovery efforts must be coordinated through international networks like Interpol and the World Bank. The government must also give Ukraine and other countries investigative help, training, and financial-crime assistance.
(a) Asset recovery. The Secretary of State, working with the Attorney General and the Secretary of the Treasury, must help the Government of Ukraine — on an expedited basis where appropriate — identify, secure, and recover assets tied to corruption by Viktor Yanukovych, his family members, or other current or former Ukrainian government officials or their accomplices, wherever those assets are located. This can be done through appropriate programs, including the Justice Department's Kleptocracy Asset Recovery Initiative.
(b) Coordination. Any asset recovery work done under subsection (a) must be coordinated through the relevant bilateral or multilateral groups, including, as appropriate, the Egmont Group of Financial Intelligence Units, the World Bank's Stolen Asset Recovery Initiative and the United Nations Office on Drugs and Crime, the Camden Asset Recovery Inter-Agency Network, and INTERPOL's Global Focal Point Initiative.
(c) Investigative assistance. The Secretary of State, working with the Attorney General, must also help the Government of Ukraine, the European Union, and other appropriate countries — on an expedited basis, as appropriate — with formal and informal investigative assistance and training, to support finding, seizing, and returning corruption-linked assets to Ukraine's government.
(d) Priority assigned. The Secretary of the Treasury must make sure the Treasury Department's Financial Crimes Enforcement Network helps the Government of Ukraine, the European Union, and other appropriate countries, under section 314(a) of the USA PATRIOT Act.
The Secretary of State, in coordination with the Attorney General and the Secretary of the Treasury, shall assist, on an expedited basis as appropriate, the Government of Ukraine to identify, secure, and recover assets linked to acts of corruption by Viktor Yanukovych, members of his family, or other former or current officials of the Government of Ukraine or their accomplices in any jurisdiction through appropriate programs, including the Kleptocracy Asset Recovery Initiative of the Department of Justice.
Any asset recovery efforts undertaken pursuant to subsection (a) shall be coordinated through the relevant bilateral or multilateral entities, including, as appropriate, the Egmont Group of Financial Intelligence Units, the Stolen Asset Recovery Initiative of the World Bank Group and the United Nations Office on Drugs and Crime, the Camden Asset Recovery Inter-Agency Network, and the Global Focal Point Initiative of the International Criminal Police Organization (INTERPOL).
The Secretary of State, in coordination with the Attorney General, shall assist the Government of Ukraine, the European Union, and other appropriate countries, on an expedited basis, with formal and informal investigative assistance and training, as appropriate, to support the identification, seizure, and return to the Government of Ukraine of assets linked to acts of corruption.
The Secretary of the Treasury shall ensure that the Financial Crimes Enforcement Network of the Department of the Treasury assists the Government of Ukraine, the European Union, and other appropriate countries under section 314(a) of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (31 U.S.C. 5311 note).
Source credit: (Pub. L. 113–95, § 5, Apr. 3, 2014, 128 Stat. 1090.)
- 2014Enacted · Pub. L. 113-95 · 128 Stat. 1090
A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-95 on 2014-04-03.
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