The Current Issue of Register of Beneficial Owners of Legal Entities and Trust Funds in the Czech Republic in Connection with Implementation of 5th AML Directive
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46358978%3A_____%2F22%3A00000223" target="_blank" >RIV/46358978:_____/22:00000223 - isvavai.cz</a>
Result on the web
<a href="https://securitydimensions.publisherspanel.com/resources/html/article/details?id=232726" target="_blank" >https://securitydimensions.publisherspanel.com/resources/html/article/details?id=232726</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5604/01.3001.0016.0738" target="_blank" >10.5604/01.3001.0016.0738</a>
Alternative languages
Result language
angličtina
Original language name
The Current Issue of Register of Beneficial Owners of Legal Entities and Trust Funds in the Czech Republic in Connection with Implementation of 5th AML Directive
Original language description
As of 1 January 2019, a legal obligation came into effect for all legal entities registered in the Commercial Register to notify the registry court with local jurisdiction of their beneficial owner at the level of a natural person. Other legal entities such as associations, contributory organisations, etc. will only be impacted by this obligation on 1 January 2021. Although the obligation to state the real owner may also appear to be superfluous in the case of legal entities that have a single natural person as the sole shareholder, these obligations also apply to these. The aforementioned obligation arose for legal entities in the context of the amendment of Act No. 253/2008 Coll., on Certain Measures Against the Legalisation of Proceeds from Crime and Terrorist Financing. The aim of the translated article is to present the basic fragments of the issue of legislative requirements and pitfalls in the field of registration of beneficial owners of legal entities and trust funds.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Security Dimensions
ISSN
2353-7000
e-ISSN
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Volume of the periodical
2022
Issue of the periodical within the volume
no. 42
Country of publishing house
PL - POLAND
Number of pages
18
Pages from-to
106-123
UT code for WoS article
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EID of the result in the Scopus database
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