On Dec. 14, CZC CB published draft decree amending internal control.
CZC CB published draft decree amending decree 67/2018 coll., on all of the various requirements for a system of internal principles, procedures and control measures against the legalization of proceeds from criminal activity and financing of terrorism.
The amendments to Decree 67/2018 Coll., on certain requirements for the system of internal principles, procedures and control measures against legalization of proceeds from criminal activity and financing of terrorism, mainly covering minor word changes.
These relate to references to third countries, as well as negative information about the client or its real owner, in addition to new paragraph on suspicious transaction reports.
In addition, a new paragraph on institutions establishing internal policies for position of compliance officer in the field of money laundering prevention and terrorist financing.
Also, setting out procedures and principles for selection of a compliance officer in field of the prevention of money laundering and terrorist financing, with duties and powers.
A further new paragraph is inserted that refers to the wider responsibilities of this compliance role, including the requirement for making assessment reports on issues.
Effectiveness
Draft is subject to interdepartmental comment procedure lasting until Jan. 8, 2024.
Dec. 2024 Final Decree
On Dec. 16, 2024, CZC GVT issued Decree 403/2024 Coll amending decree 67/2018 Coll., on certain requirements for the system of internal principles, procedures and control measures against legitimization of proceeds of crime and financing of terrorism.
The decree was approved on Dec. 9, 2024 and is effective from Dec. 30, 2024.
