End to unfounded raids
Photo from UNIAN
In another important step this week, the government founded the Bureau of Economic Security, a new central executive body set to deal with crimes in the economic sphere.
“This is one of the final steps towards eliminating the tax police. This is the end of the era of coercive pressure on businesses. This is the ultimate end to ‘mask shows’ [aggressive raids of commercial entities by law enforcers], this is about analytical approach to investigating financial and economic crimes,” Prime Minister Shmyhal said, commenting on the adopted resolution, adding that the BES is” a new page in relations between government and businesses.”
Now the servicing and law enforcing functions of the Tax Service shall be unbundled, tax police – eliminated, the structure of bodies fighting crime in the field of finance – optimized, and duplication of functions – prevented.
Within the SBU security service, the Department for Counterintelligence protection of Ukrainian economy shall be liquidated.
The Bureau shall be accountable to both the President and the Verkhovna Rada, while the government shall coordinate its activities.
It is expected that the BES will start fully operating from this year’s autumn, after its chief is appointed and staff formed, capped at 4,000.