The RA Criminal Code provides that financial (conversion) or other transactions with obviously illegally obtained financial resources or other property for the purpose of using such funds or property for entrepreneurial or other economic activity, to conceal or distort the essence, origin and whereabouts of these assets or rights pertaining to them, their placement, movement or actual identity, is punished with imprisonment for the term from two up to five years.
The same action committed:
1) In large amount;,
2) by a group with prior agreement, is punished with imprisonment for the term of 5 to 10 years, with or without property confiscation.
In cases when the action is committed:
1) in particularly large amount,
2) by an organized group,
3) abuse of official position, is punished with imprisonment for the term of 6 to 12 years, with or without property confiscation:
For the purposes of this Article, by large amount we mean an amount (value) exceeding 5000 minimal salaries, while particularly large amount exceeds 10000 minimal salaries.
For the purposes of this Article, by obviously illegally obtained property we mean property, which is obtained directly or indirectly as a result of the offenses provided by the Criminal Code.
