Title: Czech Republic Tightens Anti-Money Laundering Laws: Insights from Schlossberger et al. Monograph
Subtitle: Key Developments and Challenges in Combating Illicit Finance
Prague, January 23, 2023
The Financial Sector, in partnership with Vysoká škola finanční a správní (University of Finance and Administration, VŠFS), is thrilled to announce the publication of the latest research monograph, “Anti-Money Laundering” by Otakar Schlossberger et al. This comprehensive work provides essential insights into the current state and future direction of anti-money laundering (AML) regulations within the Czech Republic and the European Union (EU).
Table of Contents
- Introduction
- AML Regulations: Legal Framework
- Practical Aspects of AML Process
- Anticipated Changes in International Requirements
- The Role of
Vysoká škola finanční a správní - Conclusion
Introduction
In this monograph, we delve into the intricacies of the AML process within the Czech Republic and the EU. The authors, headed by Dr. Otakar Schlossberger, a renowned AML expert, cover various aspects of AML regulations and their impact on financial institutions. We explore international regulations imposed by bodies like the Financial Action Task Force (FATF) and highlight the role of financial institutions in detecting and preventing illicit activities.
Legal Framework
- Overview of AML Regulations in Czech Republic
- Czech Act no. 253/2008 Coll. on Selected measures against legalization of proceeds from crime and financing of terrorism
Overview of AML Regulations in Czech Republic
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Czech Act no. 253/2008 Coll. on Selected measures against legalization of proceeds from crime and financing of terrorism
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Practical Aspects of AML Process
The “know your customer” (KYC) approach
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Results of survey carried out by VŠFS
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Anticipated Changes in International Requirements
Risk-based approach suggested by FATF
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Czech government’s initiatives to adapt
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The Role of Vysoká škola finanční a správní
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Conclusion
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About Vysoká škola finanční a správní
Vysoká škola finanční a správní is a leading higher education institution specializing in financial and administrative sciences. The university offers academic programs, conducts research, and provides consultancy services focused on financial and administrative professions.
For further information on the monograph, visit the VŠFS website or contact pr@vsfs.cz.
References
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Appendix
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