The authorities in our country will exchange data with other nations to verify asset declarations. The Parliament ratified the International Treaty on Data Exchange for the Verification of Asset Declarations, with 65 deputies voting in favor.
According to the Parliament, implementing the treaty establishes a legal mechanism allowing integrity authorities to conduct international data exchanges as part of their administrative verifications.
“This will enable the identification of officials who purchase real estate abroad, own businesses, or hold bank accounts in foreign financial institutions that they fail to disclose in their asset and interest declarations,” states a press release.
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The International Treaty on Data Exchange for the Verification of Asset Declarations was developed under the aegis of the Regional Anti-Corruption Initiative. Its primary objective is to prevent and combat corruption by detecting abuses and strengthening the integrity of public officials. The National Integrity Authority has been designated as the entity responsible for implementing the treaty and will provide requested information upon demand.
Current legislation mandates that public officials, dignitaries, heads of public organizations and their deputies, and presidents and vice presidents of political parties submit an annual asset and interest declaration.