ARTICLE · 05 FEBRUARY 2018

Changes To The Anti-Money Laundering Legislation

Hamala Kluch Viglasky

Explore more from Hamala Kluch Viglasky

There is an initiative to introduce several changes to the anti-money laundering legislation (with proposed effectiveness as of March 1, 2018), by virtue of which customer due diligence requirements are to be modified.

SlovakiaGovernment, Public Sector

Hamala Kluch Viglasky

There is an initiative to introduce several changes to the anti-money laundering legislation (with proposed effectiveness as of March 1, 2018), by virtue of which customer due diligence requirements are to be modified.

The Parliament has been debating the Government proposal seeking to transpose the fourth AML Directive (EU) 2015/849 of the European Parliament and of the Council of May 20, 2015. The vast majority of amendments that are proposed to be effective as of March 1, 2018 concern Act No. 297/2008 Coll. on Protection against Laundering the Proceeds of Criminal Activities and on Protection against Terrorist Financing and on the Amendment and Supplement of Certain Acts, as amended. The amendments of other affected acts are proposed to become effective as of July 1, 2018.

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