Regulatory Alerts2019-02-21
Organic Law 1/2019 of 20 February amending the Organic Law 10/1995 of 23 November on the Penal Code to transpose EU Directives in financial and terrorism matters and address international issues
King Felipe VI of Spain promulgated Organic Law 1/2019 to transpose four European Union Directives into Spanish criminal law, specifically targeting market abuse, terrorism, fraud against EU financial interests, and currency counterfeiting. The legislation significantly updates the Penal Code by introducing new offenses for insider trading and market manipulation, expanding the definition of terrorist acts to include document forgery and travel for terrorist purposes, and broadening the scope of public official corruption. Additionally, the law strengthens penalties for human organ trafficking in alignment with the Council of Europe Convention and refines anti-corruption provisions based on GRECO recommendations.
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