Regulatory Alerts2016-04-21
Added · Updated
Law No. 30424. Law Regulating the Administrative Liability of Legal Entities in Criminal Proceedings (Updated Dec. 2024)
Law No. 30424 establishes the administrative liability of national and foreign legal entities in Peru for specific criminal offenses, including transnational active bribery, money laundering, smuggling, tax crimes, and terrorism. It defines the scope of liability for private entities, state-owned companies, and foreign entities operating in the country, attributing responsibility to the entity when crimes are committed by its directors, representatives, or supervised personnel for its benefit. The law mandates administrative sanctions such as fines up to six times the illicit benefit, temporary or permanent disqualification from activities, suspension of state contracts, closure of premises, and dissolution, while also providing for complementary measures like judicial intervention to protect workers and creditors.
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