Proposal to Criminalize Sanctions Violations

Posted Thursday, January 5, 2023 12:44 pm

The European Commission has released a proposal to harmonize criminal offences and penalties for the violation of EU restrictive measures. Individual persons could be liable to a maximum penalty of at least five years in prison; companies could be liable to penalties of no less than 5% of the total worldwide turnover of the legal person (company) in the business year preceding the fining decision. The proposal will be discussed by the European Parliament and the Council.

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June 2023 Export Practitioner

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