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.