When is a business advisor considered a obligated person according to the AML law?
Business, organizational, and economic advisors are obligated persons only in relation to activities precisely defined in the Anti-Money Laundering Act.
ochrana pred legalizáciou príjmov z trestnej činnosti
What is KYC?
KYC represents the acronym for the English phrase "know your customer," which translates to "poznaj svojho klienta" in Slovak.
What is 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).
Identifying and verifying the identification of the client - citizen of Ukraine
The Financial Intelligence Unit of the Slovak Republic has issued Guidance on the verification of client identification in the context of an extraordinary situation. It describes how to establish and verify the identification of a client - a citizen of Ukraine.
Record fine for violation of AML rules
The Financial Intelligence Unit has imposed a record fine for violating AML regulations. The fine amounts to EUR 1 500 000.