House of Representatives approves tougher sentences for money laundering and corruption

The House of Representatives has today passed a bill from minister Opstelten which includes higher sentences for money laundering and corruption. In addition, the maximum penalty for companies will be made subject to their annual turnover in future and the deduction of dispossession costs will be limited.

In order to take a tougher line on criminal proceeds, the MP is raising the maximum sentences for the various forms of money laundering. The maximum sentence for the 'basic' crime will increase from 4 to 6 years in prison. If the money laundering is habitual, or has become the 'profession' of the person concerned, the prison sentence could be up to 8 years long.

Bribing civil servants will also be punishable with a maximum prison sentence of 6 years. The penalties for corruption in the private sector are also to increase - from 2 to 4 years. This will expand the scope of sentences in relation to bribery in the private sector and ensure a more honest service provision. This could involve, for example, cases where service-providers such as accountants and tax officers have been bribed to turn a blind eye to embezzlement or asked to provide an inaccurate evaluation for a property.