In Ukraine, there are several financial violations that are punishable not only by fines but also by actual imprisonment. These involve operations ranging from counterfeiting to money laundering. This reports Novyny.LIVE.
Counterfeiting currency - from 3 to 12 years
The Criminal Code prohibits the manufacture, storage, purchase, sale, or shipment of counterfeit foreign currency. For this, it is stipulated:
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imprisonment for 3-7 years
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in case of repeat violations - 5-10 years and confiscation of property
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if the forgery is of large scale (over 302,800 UAH) - 8-12 years
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for especially large scale (over 605,600 UAH), the punishment also increases.
Both counterfeit bills and counterfeit banknotes of significant amounts fall under this article.
Money laundering - from 3 to 8 years
The legalization of funds obtained through criminal means includes:
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forging documents
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fictitious contracts
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depositing funds into accounts in Ukraine and offshore
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large money transfers.
Article 209 of the Criminal Code foresees 3-6 years of imprisonment with confiscation of property. For repeated actions or legalization of large amounts (from 6,000 NMH) the term is increased to 5-8 years.
Unauthorized use of budget funds - up to 6 years
Article 210 of the Criminal Code punishes officials for the unauthorized use of budget funds in large amounts - from 1,514,000 UAH.
Possible punishment:
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up to 3 years of restriction of liberty
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if the sum is particularly large (over 4,542,000 UAH) - 2-6 years of imprisonment.
The financial component of crimes remains one of the most controlled spheres by the state. Legislation is regularly updated to reduce the shadowing of the economy and strengthen responsibility for money manipulations.