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Slovak Republic’s Anti-Money Laundering Regime: Key Authorities and Institutions

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The Slovak Republic has established a range of authorities and institutions responsible for implementing and enforcing anti-money laundering (AML) regulations as part of its efforts to combat financial crime.

Financial Intelligence Unit (FIU)

At the forefront is the Financial Intelligence Unit (FIU), which falls under the Ministry of Interior. The FIU serves as a central authority for receiving and analyzing reports of suspicious transactions, and works closely with other key stakeholders to prevent and detect money laundering and terrorist financing.

Other Key Authorities

Other important authorities involved in AML efforts include:

  • National Bank of Slovakia
  • Ministry of Finance
  • Ministry of Agriculture and Rural Development
  • Ministry of Foreign and European Affairs
  • Ministry of Defence
  • Ministry of Health

These entities work together with the FIU to identify and address potential AML risks.

Anti-Money Laundering Act

The Slovak Republic’s AML regime is governed by the AML Act, which sets out the obligations of mandatory persons, including banks, insurance companies, and other financial institutions. These entities are required to report suspicious transactions to the FIU and maintain adequate internal controls to prevent money laundering and terrorist financing.

Quote from Associate Henrieta Hovanová

According to Associate Henrieta Hovanová of DELTA legal, advokátní kancelář s.r.o., “The Slovak Republic’s AML regime is designed to ensure that financial institutions and other mandatory persons have in place robust systems and procedures for detecting and reporting suspicious transactions. By working together with the FIU and other authorities, these entities can help prevent money laundering and terrorist financing, and protect the integrity of the financial system.”

Conclusion

In conclusion, the Slovak Republic’s AML regime is a complex and multifaceted system that involves multiple authorities and institutions working together to prevent and detect financial crime. By understanding the key players and regulations involved, financial institutions and other stakeholders can better navigate the requirements of the AML Act and ensure compliance with international standards.

Contact Information

Financial Intelligence Unit (FIU)

  • Address: Pribinova 2, 812 72 Bratislava
  • Email: sjfpsek@minv.sk
  • Notifications on suspicious trade operations: sjfpnoo@minv.sk
  • Phone: (+421) 9610 51402
  • Fax: (+421) 9610 59047

National Bank of Slovakia

  • Address: Dobrovičova 12, 811 09 Bratislava
  • Phone: (+421) 2 529 210 77
  • Website: www.mpsr.sk

Ministry of Finance of the Slovak Republic

  • Address: Štefanovičova 5, P.O. BOX 82, 817 82 Bratislava
  • Phone: (+421) 2 5958 1111
  • Fax: (+421) 2 5958 3038
  • Website: www.finance.gov.sk

Ministry of Interior of the Slovak Republic

  • Address: Presidium of the Police Force, Pribinova 2, 812 72 Bratislava
  • Email: sjfpsek@minv.sk
  • Notifications on suspicious trade operations: sjfpnoo@minv.sk
  • Phone: (+421) 9610 51402
  • Fax: (+421) 9610 59047

About the Author

Henrieta Hovanová is an Associate at DELTA legal, advokátní kancelář s.r.o., a leading law firm in the Czech Republic. She specializes in financial services and regulatory matters, including AML and compliance issues.