Ban on Foreign Financial Interests for Officials and Families
New rules aim to increase transparency and prevent conflicts of interest among high-ranking government officials and their families. They require divestment of foreign financial assets and prohibit accepting payments from foreign businesses. This ensures government decisions are made in the public interest, free from external financial influence.
Key points
High-ranking government officials and their families must divest foreign financial interests.
Prohibition on receiving wages, salaries, dividends, or other payments from foreign businesses.
Violations can lead to significant financial penalties, up to twice the value of unlawfully held assets or received payments.
Expired
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