Parliament decided to create the Criminal Assets Recovery Agency as an autonomous specialized subdivision of the National Anticorruption Center. A bill to this effect was passed by the MPs in the final reading on March 30, IPN reports.

The authors of the initiative said the goal is to develop the capacities and instruments needed to recover criminal assets, especially those deriving from acts of corruption and money laundering. The Agency will get 3% of the value of the recovered assets.

Among the duties of the Agency will be to carry out financial investigations in parallel and compile relevant documents, to assess and manage the confiscated criminal assets, to coordinate the international juridical cooperation and to exchange information with similar foreign authorities.

The subdivision’s employees will include prosecution officers, specialists in accounting and audit, special investigation officers and experts from other relevant fields. The Agency’s head will be named by the Board of the National Anticorruption Center.