MONEYVAL PUBLISHES REPORT ON CZECH REPUBLIC

On 11th February, the Council of Europe reported that its Moneyval body says that, despite progress in the Czech Republic to combat money laundering and terrorist financing, the authorities should take a more proactive approach with regard to laundering investigations.

https://search.coe.int/directorate_of_communications/Pages/result_details.aspx?ObjectId=090000168092cff6

The 5th Round Mutual Evaluation report is at –

https://rm.coe.int/committee-of-experts-on-the-evaluation-of-anti-money-laundering-measur/16809263d6

The on-site visit was made in March 2018.  As appears usual with such evaluations, based on the results of its evaluation, MONEYVAL decided to apply its enhanced follow-up procedure and invited the Czech Republic to report back in mid-2020.

czech

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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