International and legal agenda
The basic containing rules aimed at combating money laundering and terrorist financing adopted at the national level is Act No. 253/2008 Sb. of 5 June 2008 on the Selected Measures against Legitimisation of Proceeds of Crime and Financing of Terrorism (hereinafter the „AML Act“).
Another important act next to the AML Act is Act No. 37/2021 Sb. of 19 January 2021 on the Registration of Beneficial Owners.
The central register of accounts, as the central database of basic information on accounts held by credit institutions, has operated in the Czech Republic since 2018. It is governed by Act No. 300/2016 Sb. of 24 August 2016 on the Central Register of Accounts.
Detailed rules relating to the system of internal procedures for certain obliged entities (credit institutions and financial institutions subject to the ) are set out by Decree of the Czech National Bank No. 67/2018 Sb. of 11 April 2018 on Selected Requirements for the System of Internal Rules, Procedures and Control Measures Against Legitimization of Proceeds of Crime and Financing of Terrorism.
Currently applicable law
The following methodical instructions of the Financial Analytical Office are designated for obliged entities defined in the AML Act.
- Methodical Instruction No. 1 – On the implementation of international sanctions in the context of the financing of terrorism
- Methodical Instruction No. 3 – Determining the beneficial owner
- Methodical Instruction No. 4 – Submission of a suspicious transaction report otherwise than by the MoneyWeb tool
- Methodical Instruction No. 5 – Implementation of certain restrictive measures in respect of persons, entities and bodies subject to the decisions of the United Nations Security Council
- Methodical Instruction No. 6– Performance of identification and customer due diligence by gambling operators.
- Methodical Instruction No. 7 – Measures against politically exposed persons + the national list of PEP functions
- Methodical Instruction No. 8 – Copying of identity cards for the purposes of the AML Act
- Methodical Instruction No. 9 – Customer due diligence for credit and financial institutions