#2013-1117Law on Combating Tax Fraud and Major Economic and Financial Crimes
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This law empowers approved associations to participate in legal proceedings related to corruption and similar crimes. It significantly increases penalties, including higher fines and longer imprisonment terms, for economic and financial crimes. Business compliance with tax regulations has been tightened with enhanced enforcement and transparency measures.
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Key Changes
- Approved associations can take legal action in corruption cases.
- Penalties for economic crimes increased significantly.
- New transparency measures in tax compliance enforced.
Obligations
What this law requires
Approved associations must be declared for at least five years before exercising civil party rights in corruption and financial crime proceedings
Approved associations must have statutory provisions proposing to combat corruption in order to exercise civil party rights
A regulatory decree must establish conditions for approving associations to participate in legal proceedings related to corruption
Individuals who attempt money laundering or related crimes and alert administrative or judicial authorities must identify other perpetrators or accomplices to avoid penalty or receive 50% sentence reduction
Fines for corruption, bribery, and influence trafficking offenses increased from €75,000 to €500,000, or from €150,000 to €1,000,000 depending on offense, with amounts potentially doubled based on proceeds from the infraction