Background & Purpose

Criminals often use illegal financial services to hide money from crimes like money laundering. This change is needed to make it easier for authorities to stop such activities.

Proposals & Debate

The government proposed that anyone running financial services without proper permission should face legal consequences. The goal is to tighten control over the financial system to prevent crime.

The Decision

The parliament approved the new law, meaning that illegal financial activity will now be treated as a crime punishable by fines or up to six years in prison.

Does this affect you?

  • Financial service providers: Companies and individuals must ensure they have all necessary permits to avoid criminal charges.
  • Law enforcement agencies: Police and prosecutors get a clearer legal framework to investigate and punish illegal financial operations.

In Practice

  • Running a financial business without a license will be a criminal offense.
  • Courts can now sentence offenders to prison for up to six years.
  • The law aims to make it harder for criminals to hide money.
  • Authorities will have better tools to track and stop illegal financial flows.