Act IV of 1978 on the Criminal Code GENERAL ... - Legislationline

(4) The person who voluntarily reports to the authorities or initiates such a report shall not be punished for moneylaundering, provided that the act has not yet been revealed, or it has been revealed only partially.(5) The term ‘item’ referred to in Subsection (1) shall also cover instruments embodying rights to some financialmeans and dematerialized securities, that allow access to the value stored in such instrument in itself to the bearer, or tothe holder <strong>of</strong> the securities account in respect <strong>of</strong> dematerialized securities.(1) Any person who uses an item obtained from criminal activities committed by othersin his business activities, and/orperforms any financial or bank transaction in connection with the item,and is negligently unaware <strong>of</strong> the true origin <strong>of</strong> the item is guilty <strong>of</strong> misdemeanor punishable by imprisonment not toexceed two years, work in community service or a fine.(2) The punishment shall be imprisonment for misdemeanor not exceeding three years if the act defined inSubsection (1)involves a substantial or greater amount <strong>of</strong> money,is committed by an <strong>of</strong>ficer or employee <strong>of</strong> a financial institution, investment firm, investment fund manager,clearing house, insurance institution, or an institution engaged in gambling operations,is committed by a public <strong>of</strong>ficial.(1) Any person who fails to comply with the reporting obligation by the <strong>Act</strong> on the Prevention and Combating <strong>of</strong>Money Laundering is guilty <strong>of</strong> felony punishable by imprisonment not to exceed three years.(2) Any person who negligently fails to comply with the reporting obligation referred to in Subsection (1) is guilty <strong>of</strong>misdemeanor punishable by imprisonment not to exceed two years, work in community service or a fine.(1) Any person whocopies or forges money with the purpose <strong>of</strong> distribution,obtains counterfeit or forged money with the purpose <strong>of</strong> distribution, exports or imports such money or transportsit through the territory <strong>of</strong> the country,distributes counterfeit or forged money,is guilty <strong>of</strong> a felony punishable by imprisonment between two to eight years.(2) The punishment shall be imprisonment between five to ten years if the counterfeitinginvolves a substantial or greater amount <strong>of</strong> money,is committed in criminal conspiracy.(3) The punishment shall be imprisonment up to five years if the object <strong>of</strong> counterfeiting is coinage, or if the quantityor value involved is trivial or even less substantial.