Czech Republic: Czech Republic strengthens anti-money laundering measures, but shortcomings remain

In a follow-up report on the Czech Republic, the Council of Europe’s anti-money laundering body MONEYVAL concludes that the country has improved measures to combat money laundering and terrorist financing, but still needs to make progress in certain areas.

Since the adoption of its mutual evaluation report in December 2018, the Czech Republic is reporting to MONEYVAL on an expedited timetable (MONEYVAL’s enhanced follow-up procedure) due to the high number of deficiencies identified in several key areas. The follow-up carried out by MONEYVAL has examined a range of legislative, regulatory, and institutional measures implemented by the Czech Republic to address these deficiencies.

The original full article can be found at

(Photo: Getty Images)


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