We share our specialist knowledgde among eachother and use it to bring the client's case to the best possible result!"

Economic offences (Economic Offences Act)

 

The Economic Offences Act provides for criminal prosecution of breaches of regulations contained in specific regulatory legislation. These include the regulations in the Money Laundering and Terrorist Financing Prevention Act, the General Customs Act and the Sanctions Act. The provisions for client due diligence and the duty to report unusual transactions under the Money Laundering and Terrorist Financing Prevention Act are of specific importance in this regard. Prosecutions under the Economic Offences Act are also possible in the event of breaches of legislation on strategic goods (dual use), licensing regulations for imports and exports, and transactions involving countries or individuals subject to sanctions.