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Combatting money laundering in the Czech Republic: despite progress more investigations are needed, says Council of Europe report

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February 11 2019

In a report published today, the Council of Europe’s anti money laundering body MONEYVAL finds that, despite progress in the Czech Republic to combat money laundering (ML) and terrorist financing (FT), the authorities should take a more proactive approach with regard to ML investigations.

The report makes a comprehensive assessment of the effectiveness of the Czech Republic’s anti money laundering and counter terrorist financing (AML/CFT) system and its level of compliance with the Financial Action Task Force (FATF) Recommendations.