Estonia: Counterfeit Money in the Republic

Abstract

Counterfeiting of money or securities, or use of counterfeit money or securities is examined in Article 85 of the Estonian Criminal Code. According to its disposition, counterfeiting of money, credit cards or any other tender, as well as shares, bonds, cheques, bills of exchange or any other securities with the aim of putting them into circulation, as well as deliberate use of counterfeit money, credit cards or any other tender; shares, bonds, cheques, bills of exchange of any other securities, is punishable under penal law. The qualifying characteristics of crimes under Article 85 are counterfeiting of money etc with the purpose of circulation, or the act of circulation. Systematic nature and scale of the activity are regarded as modifying circumstances of such crimes. Additionally to the Criminal Code, the punishment for such activity is up to ten years in prison.

Citation

Leps, A. (1998), "Estonia: Counterfeit Money in the Republic", Journal of Financial Crime, Vol. 5 No. 4, pp. 392-393. https://doi.org/10.1108/eb025853