The Verkhovna Rada of Ukraine registered a draft law on amendments to some legislative acts of Ukraine concerning prevention of legalization (laundering) of proceeds from crime. Bill № 8274 from 21.03.2011 referred to the Committee of Ministers of Ukraine. As stated in the explanatory memorandum, the draft law are invited to present the new version of Article 163-8 of the Code of Administrative Offences and the Criminal Code to add a new Article 222-1 (manipulating the stock market). In particular, the deliberate actions of the officials - members of the stock market or an individual having signs of manipulation in the stock market, which led to profit on a significant scale, shall be punished by a fine of 750 to 2 thousand untaxed minimum incomes, or restraint of liberty for up to 3 years, or imprisonment for the same period, with disqualification to hold certain posts or practice certain activities for up to 3 years. The same actions committed repeatedly or by prior agreement by a group of persons, or if they caused serious consequences shall be punished by a fine of 2 to 3 of thousands of non-taxable minimum incomes, or restraint of liberty for a term of 2 to 5 years, or imprisonment for the same period deprivation of the right to occupy certain posts or practice certain activities for up to 3 years.
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