New AML Requirements in the Czech Republic: Key Obligations and Compliance Guidelines for 2025
From February 1, 2025, new requirements of the Anti-Money Laundering (AML) Act will come into effect in the Czech Republic.
All obligated entities must appoint a contact person for communication with the Financial Analytical Office (FAÚ). This person must be fluent in the Czech language.
The requirements apply not only to financial companies but also to:
- Real estate agents and agencies
- Accountants and tax consultants
- Companies dealing with crypto assets
- Financial and legal organizations
Required actions:
- Fill out the new FAÚ form
- Ensure that your company’s AML procedures are up to date and comply with the new regulations
- Submit the form between February 1 and March 3, 2025
- Even if a contact person has already been reported, the information must be updated
Failure to comply may result in a fine of up to 1,000,000 CZK. Ignorance of the law does not exempt from liability.
Our services:
- Development of a customized AML policy or updating existing documentation to meet new legal requirements
- Appointment of an authorized representative meeting FAÚ criteria
- Submission of applications and support throughout the compliance process
- A wide range of additional services to ensure regulatory compliance, security, and smooth business operations
For further assistance, contact us to ensure your business meets all regulatory obligations.
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