On 23 November, MONEYVAL released the 3rd Enhanced Follow-up Report and Technical Compliance Re-rating for the Czech Republic.  It notes that the authorities have taken some positive steps to empower the customs to temporarily detain currency and bearer negotiable instruments, though this established legal framework only applies to currency and BNI entering or leaving the EU.  The report also says that that the Czech Republic is making progress to address most of the technical compliance deficiencies identified by MONEYVAL´s MER adopted in 2018 within 3 years, although more efforts remain necessary for the country to meet this general expectation.

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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