68. Are elected officials required to submit reports regarding their finances?

FOURTH EVALUATION ROUND GRECO

The recently introduced financial disclosure system will hopefully become a valid tool in preventing corruption and disclosing blatant instances of conflicts of interest and illicit enrichment. At the time of the on-site visit, all MPs, with the exception of one, had submitted declaration forms to the National Agency on Corruption Prevention. According to the calculations of local experts, based on the filed declarations, the 423 members of the Ukrainian parliament together own about €480 million in cash and on their bank 29 accounts. Such figures raise questions in society about the origin of these funds given the low level of salary of parliamentarians.