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Cash Law – Changes in Legal Regulations

As of 1st of July, 2023, an amendment to the Constitution of the Slovak Republic entered into force, incorporating Article 39a into the Constitution of the Slovak Republic, which regulates the right to cash.

KYC

[2025] Čo je to KYC?

KYC represents the acronym for the English phrase "know your customer," which translates to "poznaj svojho klienta" in Slovak.

[2025] Čo je to GDPR?

GDPR is an EU regulation governing data protection. GDPR stands for General Data Protection Regulation. The Slovak equivalent is Všeobecné nariadenie na ochranu osobných údajov.

[2025] Čo je to AML?

AML stands for anti-money laundering. In practice, it is most commonly understood as a set of rules aimed at preventing money laundering (of illicit funds).

Time limit for court preceeding costs

The deadline for issuing a resolution on the reimbursement of costs was absent in the legal framework since the recodification of civil procedure. The amendment to the Civil Procedure Code established a deadline of 60 days from the date of the final decision that concludes the proceedings.

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