Register of Real Owners in Accordance with the 5th AML Directive
Although the obligation to know and record the real owners of legal entities was introduced into Czech law as of 1 January 2018, there is now new regulation on the identification and maintenance of data regarding the real owners. These changes are brought by EU Directive No. 2018/843 amending the EU Directive 2015/849 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing, which is generally known as the so-called 5th AML Directive (hereinafter referred to as "the Directive").
Mgr. David Kučera, senior attorney
Mgr. Aneta Průšová