In context

Bill to facilitate fight against financial and economic crime submitted to Second Chamber

October 10, 2013
In context

An amended bill extending existing measures to combat financial and economic crime is now before the Second Chamber. We highlight the proposed amendments.

The proposed amendments include:

  • Increased maximum sentences for the various types of money laundering
  • Increased maximum term of imprisonment of four years for economic offenders who systematically violate the law
  • Increased fines for enterprises that commit financial and economic offences. Under the bill, the courts can impose maximum fines of up to 10% of annual turnover
  • Misuse of community funds to become a specific criminal offence
  • Corrupt government employees may receive maximum prison terms of six years if they accept favours because of their position
  • A faster procedure is introduced where, in the course of a criminal investigation, the police and public prosecutor seek access to information that is subject to lawyer-client or professional privilege


If you would like to know more about this new legislation, please read our RCE Newsletter July 2012.

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