Money laundering

By | 2017-09-13T15:05:17+00:00 13th September 2017|

Money laundering is the process of passing money gained illegally through a financial system to seemingly convert it to legitimate funds. Financial services firms based in Czechia are required to have procedures in place to prevent money laundering. This involves the verification of client identity and address in an attempt to safeguard against and reduce the scope for financial crime.