The Parliament of Georgia has approved amendments in the third reading under which public officials and political office holders found guilty by a court of certain corruption-related crimes will be required to file asset declarations and submit them to the Anti-Corruption Bureau for a period of 30 years.

The amendments to the Law on Combating Corruption were adopted unanimously with 85 votes.

The legislative initiative was proposed by the ruling Georgian Dream party.

According to the majority MPs, the new law aims to ensure the detection of illegally obtained property, support the prevention of corruption-related offenses, and provide mechanisms for compensating the damage caused to the state as a result of a public official’s criminal conduct.

The initiators of the amendments believe that the new legislation will make the fight against corruption more effective by enabling continuous monitoring of the financial and property status of individuals convicted of corruption-related crimes for up to three decades.