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White-collar crimes revisited

07.02.2007

At the end of January, the Parliament passed an act amending the Penal Code in relation to white-collar offences. The act will enter into force on 15 March 2007. The amendments to the Penal Code concern criminal official misconducts, offences related to licencing requirements and intellectual property, tax offences and corporate crime (including market abuse, competition and company law). The criminalisation system of such offences will be more complex after the amendments enter into force, however, not necessarily stricter. In several instances, the authors of the amendments have strived to draw a line between less serious offences and offences that may have more serious impact (e.g. lack of a credit institution licence will be considered more serious than, for example, lack of a licence required for housing business).

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