Terrorism financing will be punished with prison up to 25 years

Terrorism financing by a criminal organisation, organised criminal group or an individual will be punished with prison from 10 to 25 years, and deprivation of the right to occupy certain functions or perform certain activities for 2 to 5 years, as provided by the new amendments to the Criminal Code. The legal person which will commit this offence will be fined 7,000 to 10,000 conventional units and will be liquidated. Persons who will conceal information about money laundering will be fined 500 to 1000 conventional units or imprisoned for up to 5 years. Legal persons will be fined 7000 to 10000 conventional units and the deprivation of the right to perform a certain activity or the liquidation of the company. MPs say that amendments were necessary in order to adjust the national legislation to the provisions of the recently adopted Law on Combating Money Laundering and Terrorist Financing as well as with the stipulations of a range of international documents.