The Bill (Reg. No.2410) specifies certain regulations appertaining to liability of persons for violation of legislation in the field of preventing and fighting legalization (laundering) of illegally obtained income. The Bill introduces relevant amendments to the Laws "On Financial Services and State Regulation of Financial Services Markets", and "On preventing and fighting Legalization (Laundering) of Illegally Obtained Income".
The Committee members expressed a number of remarks concerning the Bill, which are to be taken into account whilst preparing the Bill for the Second Reading.
Inter alia, the Committee members deem groundless to extend the authorities of the State Committee on Securities and Stock Market.
Furthermore, the annexes fail to present the argumentation concerning rates of penalties for non-fulfillment or improper fulfillment of the requirements of the Law "On preventing and fighting Legalization (Laundering) of Illegally Obtained Income" by the subjects of primary financial monitoring.