Promulgated law/ Violation of international sanctions - punishable by imprisonment for up to five years

Violating international sanctions, such as failing to comply with the freezing of financial funds or continuing transactions with a country targeted by the respective penalties, constitutes a crime and can be punished with imprisonment from one to five years, according to the law promulgated on Friday by President Nicusor Dan.According to the normative act, the following are considered crimes:a) making funds or economic resources available, directly or indirectly, to or for the benefit of a designated person, entity or body, in breach of a prohibition constituting an international sanction of the European Union;b) failure to comply with the obligation to freeze funds or economic resources belonging to, owned or controlled by, or held by a designated person, entity or body, if this constitutes a breach of an obligation constituting an international sanction of the European Union;c) allowing the entry or transit through the territory of Romania of a designated person, if this violates a prohibition that constitutes an international sanction of the European Union;d) carrying out transactions or continuing transactions with a third country, with third country bodies or with entities or bodies owned or controlled directly or indirectly by a third country or third country bodies, including the award or continuing execution of public procurement contracts or concession contracts, if the prohibition or restriction of that conduct constitutes an international sanction of the European Union;e) the marketing, import, export, sale, purchase, transfer, transit or transport of goods, as well as the provision of brokerage services, technical assistance or other services related to these goods, if the prohibition or restriction of the respective conduct constitutes an international sanction of the European Union;f) the provision of financial services or the performance of financial activities, if the prohibition or restriction of the respective conduct constitutes an international sanction of the European Union;g) provision of services other than those mentioned in letter f), if the prohibition or restriction of the respective conduct constitutes an international sanction of the European Union;h) evading an international sanction of the European Union by using, transferring to a third party funds or economic resources, or otherwise making available funds or economic resources which, directly or indirectly, are owned, held or controlled by a designated person, entity or body, which are to be frozen under an international sanction of the European Union, for the purpose of concealing funds or economic resources;i) circumventing an international sanction of the European Union by providing false or misleading information in order to conceal that a designated person, entity or body is the ultimate owner or beneficiary of funds or economic resources that must be frozen under an international sanction of the European Union;j) evading an international sanction of the European Union by failing to comply by a natural person or by a representative of an entity or a designated body with an obligation constituting an international sanction of the European Union, to inform the competent administrative authorities regarding funds or economic resources located in the jurisdiction of Romania, owned, held or under his control;k) evading an international sanction of the European Union by failing to comply with an obligation constituting an international sanction of the European Union to provide the competent administrative authorities with information relating to frozen funds or economic resources or information held regarding funds or economic resources located in the national territory or in the territory of a Member State of the European Union, belonging to, owned, held or controlled by designated persons, entities or bodies and which have not been frozen, when the information in question was obtained in the exercise of official duties;l) violation or failure to meet the conditions provided for in the authorizations granted by the competent administrative authorities for the carrying out of activities which, in the absence of such authorization, represent a violation of a prohibition or restriction constituting an international sanction of the European Union.