The government does not want a repeat of Amber Gold. New powers KNF, 10 … – Gazeta.pl

1 ->

Works the so-called. antyparabankową Act lasted two years and as reported by “Puls Biznesu” the government is already very close to its adoption. The Act provides equipment KNF new tools and greater powers in the fight against parabankami such as Amber Gold. They may also be increased penalties for conduct banking business without a license. The law should be adopted by parliament later this term.

Bat on parabanki

The most important weapon in the hands of the Commission, have be broader powers and the possibility of checking companies conducting banking activities without a permit and taking deposits. Chairman of the Financial Supervision Authority will be able to order the investigation, to entities suspected of running a parabankowej. The firm will be obliged to provide all information and documents necessary for the Commission to investigate the matter. For obstruction of the investigation will face even two years in prison and a half million penalty. KNF will be able in such cases to ask for support to the police.

Thanks to the new powers of proceedings conducted by the Commission May be faster and not be able to last longer than six months. After this date, the KNF will have to notify the prosecutor’s office on suspicion of a crime or to close the case.

The Act prepared by the Government also envisages increasing the penalties for parabanków. For carrying out banking activities without a permit will be threatened with fines up to 10 million. zł. (previously it was 5 million. zł) and imprisonment up to 5 years (previously 3 years).

Expensive Amber Gold

The most famous scandal parabankowa recent years related to the company Amber Gold, who was tempted by high interest rates on deposits of customers, thanks to the alleged investments in gold and other ores. The company proved to be a financial pyramid and most of the money invested in it is gone. 20 thousand claims. customers amounts to approx. 700 million zł. The trustee has so far managed to recover only 36.5 million. zł.

Want to know sooner? Like us