Tajikistan will toughen criminal liability for currency transactions

Almaty. January 27. Silkroadnews - Tajikistan plans to toughen the liability for illegal foreign exchange transactions, reports the Tajik news agency (TajikTA).
“The National Bank of Tajikistan (NBT) intends to stiffen the penalties for illegal foreign exchange transactions. In particular, the legislation is planned to be amended to provide for the punishment of deprivation of liberty for up to nine years with confiscation of property”, - said the head of NBT Jamshed Nurmahmadzoda.
He added the experts of the National Bank together with representatives of other government agencies are working over development of appropriate amendments.
Another measure proposed is to increase significantly the amount of fines for illegal currency exchange.
Earlier, Tajik President Emomali Rakhmon assigned the structures in charge, in particular the National Bank, to develop and introduce within the nearest time the amendments and additions to the existing legislation with respect to the banking system of currency regulation and responsibility for its violation.
According to the instructions of the head of state, the new version of the Criminal Code and other relevant legislation shall provide for liability, including the criminal one, for export of the large volume of international currency from the country and cash sale in foreign currency on the territory of the country.
The Criminal Code of Tajikistan prescribes punishment, both in the form of fines and imprisonment for such deals.
Article 286 of the Criminal Code of Tajikistan provides penalties for illegal trade in foreign currencies in the form of a fine from 100 to 1460 calculation indexes (from 400 Somoni to 58,4 thousand Somoni, i.e. from $50 to $7,5 thousand) or deprivation sentences of up to 8 years.