Monday, December 16, 2019

Ukrainian president offers 10 percent bonus for bribery and corruption reporting

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Hailey Warner
Hailey Warner
Hailey isn't the biggest fan of Winter, but she's doing her best to embrace the cold weather and snow. You can find her trying out new recipes, playing squash or writing editorials.

Ukrainian President Volodymyr Zelensky has signed a law to pay 10 percent of confiscated money to those reporting corruption-related crimes to the authorities.

The Ukrainian presidency in a statement reported by the channel “Russia Today” space on Wednesday evening, that the document would create a new system to prevent corruption in the country based on the standards of international integrity.

The law “defines the legal status of whistleblowers, that is the persons who have filed reports of corruption or corruption-related offenses”, it added.

New law stipulates that the right to remuneration belongs to a citizen who has reported to the relevant authorities for a crime of corruption whose material damage to the state exceeds 5,000 times or more the cost of living in the country, about 9.6 million Hryvn or about $387,000.

New Ukrainian law will apply on January 01, next year

The bill for whistleblowers on corruption issues was one of Zelensky’s electoral pledges, and was submitted to the parliament as a matter of urgency.

Parliament passed the law with 252 deputies, with a minimum of 226 votes to pass.

More on Ukraine: https://wnobserver.com/?s=Ukraine

The law is due to enter into force on January 1, 2020.

The law is in line with the demands of the International Monetary Fund for the Ukrainian authorities to promote structural reforms in the country, which involve the fight against corruption.

Hailey Warner
Hailey Warner
Hailey isn't the biggest fan of Winter, but she's doing her best to embrace the cold weather and snow. You can find her trying out new recipes, playing squash or writing editorials.

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