Peru criminalizes providing bank accounts for extortion, 10-15 years

Peru's Decree Law No. 1744 imposes 10-15 year sentences for individuals who lend or share bank accounts, digital wallets, or other financial services to receive or channel extortion proceeds. This is a legislative escalation targeting financial facilitators of extortion, reflecting heightened concern over organized crime. The law's effectiveness depends on enforcement and may impact financial inclusion.

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