Kazakhstan and Bulgaria Strengthen Cooperation in the Field of Recovery of Illegally Acquired Assets

Sofia, February 4, 2025 – In order to discuss topical issues of bilateral cooperation in the field of legal assistance for the recovery of illegally acquired assets, the Kazakh delegation headed by Chairman of the Asset Recovery Committee of the Prosecutor General's Office of the Republic of Kazakhstan Nurdaulet Suindikov held a meeting with Deputy Chairman of the Commission for the Confiscation of Illegally Acquired Property of the Republic of Bulgaria Anton Slavchev.

During the conversation, the latest political transformations and reforms have been introduced to, as well as the complex of measures taken by Kazakhstan in the field of ensuring the rule of law, improving the judicial system and creating the necessary conditions for the administration of justice.    

In continuation of the conversation, Nurdaulet Suindikov informed about the newly established Committee for Asset Recovery, the main tasks and goals of the agency for the recovery of illegally acquired assets. In addition, he presented the main provisions of the Law of the Republic of Kazakhstan "On the recovery of illegally acquired assets to the State" and spoke in detail about the experience of applying the civil confiscation model and the achievements of the agency in the field of search, detection, identification and confiscation of assets.

In turn, Anton Slavchev welcomed the ongoing reforms and showed genuine interest in further developing and deepening cooperation between law enforcement agencies.

At the same time, the Bulgarian Party shared its experience in the field of detection, tracking and management of assets obtained as a result of corruption and other crimes.

The main event was the signing of a Memorandum of Partnership and Cooperation between the Asset Recovery Committee of the General Prosecutor's  Office of the Republic of Kazakhstan and the Commission for the Confiscation of Illegally Obtained Property of the Republic of Bulgaria.

The main purpose of the Memorandum is to define partnership mechanisms and forms of cooperation for effective search, detection, identification, confiscation of the illegal assets. 

This document is aimed at close cooperation between the competent authorities, the exchange of available information, and an analysis of the possibility of expanding and deepening bilateral cooperation in the search for and recovery of illegally acquired assets to the State.

Following the meeting, the Parties expressed their intention to actively develop cooperation within the framework of the signed Memorandum and outlined key areas of cooperation on all identified issues.