October 31, 2019 / 3:54 PM / 12 days ago

Ukraine parliament approves bill to criminalize illicit enrichment

KIEV (Reuters) - Ukraine’s parliament on Thursday approved a bill that criminalizes state officials illegally enriching themselves.

Parliament needed to pass the law as a likely condition of more aid from the International Monetary Fund, which is negotiating the terms of a new loan agreement to Ukraine to replace a $3.9 billion standby deal.

Ukraine passed a law criminalizing illicit enrichment in 2015 but the constitutional court overturned the law in February, sparking concern among anti-corruption campaigners, the anti-corruption bureau and Ukraine’s overseas backers.

Reporting by Natalia Zients; Writing by Matthias Williams; Editing by Chizu Nomiyama

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