Ukraine plans to create a system that will alert citizens that their business or real estate is being transferred to someone else. This was reported by Monobank co-founder Dmytro Dubilet, who became an adviser of the head of the Security Service of Ukraine.
According to him, this reform can be divided into three parts. Initially, they plan to give citizens the opportunity to sign up for free notifications that their real estate or business changes owner.
“There is a similar service at the moment, but it is (a) paid; b) applies only to real estate and even not all of it. Our goal is to make the service free of charge which will cover all types of property and will be accessible through different providers,” said Dmytro Dubilet.
They also plan to learn how to inform citizens about the seizure of property, even if they are not subscribed to the service.
According to Dmytro Dubilet, the difficulty is that there is no “normal register with citizens’ contact information” in Ukraine. Therefore, it is planned to integrate with credit bureaus that have the contact details of most citizens.
Next, they plan to send notices to the citizens not only about the completed agreements but also about the ones that are being prepared.
“If your apartment or business has already been raided, the return process can be long and tedious. We have to make sure that you receive notification of registration actions at the stage of preparation,” said Dubilet.
He also added that citizens should be given the opportunity to slow down such an agreement.