The Court of Justice of the European Union has muddied the legal waters by ruling that a provision of the AML Directive requiring EU Member States to provide the general public with access to the information co…
Digital technologies are growing in popularity, but they come hand in hand with new forms of crime, including crime in the area of money laundering. Fighting against this illegal practice is becoming more and m…
Combating the legalisation of proceeds of crime (anti-money laundering or AML) and terrorist financing has continuously been a vibrant area at the both international and local levels, which is largely reflected…
Legislation regulating anti-money laundering and counter-terrorist financing remains a hot topic. Following a series of amendments in 2017 and 2018 relating primarily to the implementation of the 4th AML Direct…
Over half a million legal entities recorded in the Commercial Register had the obligation to record their ultimate beneficial owners (“UBO”) in the Register of Ultimate Beneficial Owners Information (“Register”…
An amendment to Act No. 304/2013 Coll., on Public Registers of Legal Entities and Individuals, effective since 1 January 2018, has introduced the Beneficial Owners Register (the “Register”) in which all legal e…
The Amendment to Act No. 304/2013 Coll., on Public Registers of Corporate Entities and Natural Persons effective from 1 January 2018 has introduced the Register of Data on Beneficial Owners (hereinafter the “Re…