Identity Verification Process

Domestic Clients

• Full name and surname
• Permanent address
• Date of birth
• Place of birth
• Personal identification number (JMBG) or National ID card details: name, number, back of ID photo

International Clients

• Full name and surname
• Permanent address or residence permit details if applicable
• Date of birth
• Place of birth
• Identity documents: passports, residency permits, national ID cards

Croatian Regulatory Framework

Relevant Laws and Regulations

• Electronic Signature Act (2004)
• Anti-Money Laundering and Terrorist Financing Act (2008)
• Amendments (2012)

Regulators and Websites

• The Croatian National Bank (CNB): http://www.hnb.hr/novcan/pranje_novca_terorizam/e-pranje_novca_terorizam.htm
• The Croatian Financial Services Supervisory Agency (HANFA): http://www.hanfa.hr/
• The Financial Inspectorate of the Ministry of Finance: http://www.mfin.hr/en/financialinspectorate

Practical Guidance and Other Requirements

Previous Client Verification (until January 1, 2010)

FATF Mutual Evaluation Reports

• 2008 Evaluation Report: http://www.coe.int/t/dghl/monitoring/moneyval/evaluations/round3/MONEYVAL(2008)03Rep-HR3_en.pdf
• Progress Reports (2009-2011): http://www.coe.int/t/dghl/monitoring/moneyval/Evaluations/progress%20reports/
• 4th Assessment (Sep 2013): http://www.coe.int/t/dghl/monitoring/moneyval/Evaluations/round4/CRO4-MERMONEYVAL(2013)15_en.pdf

Minimum Transaction Thresholds

• Exempted for transactions below HRK105,000 (approx. $14,830), with exceptions for electronic money transactions

Beneficial Ownership Verification

• Identifying and verifying beneficial owners as individuals who ultimately own, control, or exercise significant influence over a legal entity

Enhanced Due Diligence

• Measures and ongoing monitoring for higher money laundering or terrorist financing riskbusiness relationships, transaction forms, client profiles, or other circumstances

Politically Exposed Persons (PEPs)

• Stricter measures for dealing with PEPs from other countries to mitigate increased money laundering risks

Correspondent Banking Relationships

• Additional data and documentation for correspondent banking relationships with institutions from non-EU/EEA member states