Single bank account for private funding

Political parties may use the banking services they deem appropriate; however funds originating from private donations, contributions or support received by political parties must be deposited in a single current account dedicated exclusively to these funds in any bank of the national banking system, and this account may be subdivided into subaccounts. The opening and closing of the respective current account must be notified formally to the Tribunal by political party treasurers within a period of eight working days subsequent to the corresponding act.

Banks of the national banking system shall take the required control measures to ensure that no anonymous deposits are credited to these current accounts. If banking institutions notice a suspicious deposit, they must immediately notify the TSE which can order the corresponding amount frozen until appropriate action is taken.

When opening the current account, the supreme executive committee must authorize the respective bank to furnish information concerning bank statements that the TSE may request when it deems it appropriate.