On the initiative concerning ”decriminalization of economic crimes”
On the initiative concerning ”decriminalization of economic crimes”

Author(s): Dumitru Pîntea, Vladislav Gribincea
Subject(s): Economic policy, Business Ethics, Socio-Economic Research
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: fraudulent funds; banking fraud;
Summary/Abstract: In recent times, the legislative initiatives that can lead to the legalization of fraudulent funds or exemption from liability of those involved in banking fraud proliferate. Thus, following the initiative on capital liberalization and fiscal stimulation and amendments to the Law on Citizenship, that allow obtaining of Moldovan citizenship in exchange of some investments in so-called „strategic areas“, a series of amendments are proposed to the criminal legislation regarding exemption from criminal liability, namely the suspension of the prison sentence enforcement, for the majority of crimes concerning the banking system and financial and insurance market. Thus, in the context of the so-called „substantial improvement of the investment climate, attraction of foreign investments and reduction of the pressure on the business environment by the law enforcement bodies”, a new ground is proposed for the exemption from criminal liability for a number of crimes, including crimes in the domain of lending and bank management, crimes related to the securities market, securities, breach of the shareholders' rights and competition, in other words, the main crimes that facilitated banking fraud.

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