LAW ON FOREIGN CURRENCY TRANSACTIONS (“Official ... - Siepa

3) Executes payment to acquire ownership of real estate in the Republic, contrary to the lawgoverning the ownership matters (Article 12 Paragraph 1);4) Executes payments for purchase of long-term and equity securities in the Republic contrary tothe law governing the securities market (Article 14 Paragraph 1);5) Executes payment to purchase domestic short-term securities (Article 15 Paragraph 3);6) Executes payments to invest in investment funds and voluntary pension funds in the Republiccontrary to the law which governs transactions with investment and voluntary pension funds(Article 17 Paragraph 2);7) Concludes a foreign credit facility transaction in foreign currency contrary to the provisions ofArticle 18 Paragraph 1 of this Law;8) Acts contrary to the regulation of the National Bank of Serbia (Article 20 Paragraph 3);9) Keeps in the account at a bank the foreign currency and dinars contrary to this law (Article 28Paragraph 1);10) If the persons from Article 29 Paragraph 1 of this law carry out transfer of funds from nonresidentor resident accounts abroad, and have not previously settled tax obligations towards theRepublic under the transaction from which they gained these funds (Article 29 Paragraph 1);11) Fails to comply with the regulation of the National Bank of Serbia which governs the moredetailed requirements for personal and physical transfer of means of payment to and fromabroad (Article 31);12) Performs the activity of providing money transfer services in international paymentoperations (Article 31a);13) Conducts payment, collection and transfer in the Republic contrary to the provisions ofArticle 34 of this Law;14) Conducts payment, collection, depositing and withdrawal in foreign cash contrary to theregulation of the National Bank of Serbia (Article 34 Paragraph 8);15) Buys and sells the foreign currency and foreign cash off the foreign exchange market (Article38 Paragraph 1);16) Acts contrary to the measures specified in Article 42 of this law.Article 64With respect to offences referred to in Articles 59 - 63 of the present Law, in addition to a fine, aprotective measure of seizing the items used in or intended for the perpetration of offence, orgenerated by the perpetration of offence, shall be pronounced.