Czech police investigators have completed their probe into alleged violations of EU asset freeze sanctions and forwarded the case to prosecutors. The investigation centers on transactions totaling nearly €4 million allegedly conducted with frozen funds belonging to a designated person under Russian sanctions.

In connection with an amendment to the Act providing for criminal liability of legal entities and proceedings held against them ("ZTOPO"), the Attorney's General office issued a guide for the application of Section 8 ss. 5 of the Act.

Kinstellar is proud that experts from our Compliance, Risk and Sensitive Investigations (CRSI) practice are contributors to the report "Structured Settlements for Corruption Offences: Towards Global Standards?"

But Nicola Sharp, of financial crime specialists Rahman Ravelli, believes more needs to be done in the republic and elsewhere in Europe.

March 2020 – An e-mail arrives from a long-term business partner's e-mail address, informing of a change to their billing account number.

Our VAT expert provides details of an expansion to the reverse charge mechanism - for VAT purposes - for certain crops and cereal grains in the Czech Republic.

A number of important amendments have been made to Acts which affect small to medium-sized enterprises and multinationals operating in the Czech Republic.

On 23 October 2019, a new directive of the European Parliament and the Council of the EU on the protection of persons who report breaches of Union law (the "Directive") was signed.

The Czech Government recently submitted a proposal to amend the Czech Penal Code and the Code of Criminal Procedure in respect of, among others, the non-prosecution of bribery under certain circumstances.

The Czech Republic’s Act No. 253/2008 Coll., on certain measures against money laundering and financing terrorism (the "Act on Money Laundering") is not a novelty.

Ní~e jsme pro Vás připravili stručný popis vybraných změn v rámci zásadní novely zákona č. 418/2011 Sb...

There are no different national and regional enforcement levels in the Czech Republic.