Czech Republic: Report on Observance of Standards and Codes FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

February 26, 2004

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Czech Republic: Report on Observance of Standards and Codes FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

The Czech government has made impressive progress in bringing the antimoney laundering (AML) regime of the Czech Republic into compliance with both European and international standards. The Czech government has undertaken important steps toward completing the legal and institutional framework to fight money laundering, and has begun concrete implementation of the AML regime in the various relevant financial sectors. Further efforts by the government to improve the country’s AML legal and institutional framework and effective supervision have resulted in the enactment of major legislation.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: AML Act, AML regime, Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, Authority, Confiscation regime, CR, Europe, FATF AML, FAU transaction report, ISCR, Legal support in revenue administration, Money laundering, Prosecution authorities, State supervision, Terrorism financing

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/046
Stock No:

1CZEEA0042004
ISBN:

9781451810189
ISSN:

1934-7685

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