New Economic Crimes Task Force Incoming: Cross-Sectoral Corporate Offenses May Lead to Beneficial Ownership Liability and Trigger Peace Fines

White-collar crimes have now evolved into systemic, organized, cross-border offenses that threaten national economic stability and frequently cause major losses in terms of state assets. Within this context, existing legal frameworks are currently deemed inadequate to address these complex macroeconomic crimes. In response to this growing challenge, the government is attempting to address this legal deficiency by drawing up a Draft Regulation of the Government in Lieu of Law on the Eradication of Economic Crimes and National Economic Recovery (“Draft Regulation”).[1]