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The role of banks in the fight against money laundering and financing of terrorism
Pultarová, Hana ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
Money laundering and terrorist financing are serious problems that may not only disrupt the stability and reputation of financial institutions, but also affect a wide range of individuals. Therefore, this kind of conduct can be punished as a crime, including the active involvement of banks in money laundering. However, the diploma thesis focuses mainly on preventive measures introduced by the provisions of administrative law. The role of a well-functioning banking system is essential for the effective suppression of money laundering and financing of terrorism. Banks are the most frequent reporters of suspicious transactions and the bank services are used by wide range of persons. The role of banks is mainly determined by their designation as obliged entities by the Act no. 253/2008 Coll., on certain measures against the legalization of proceeds of crime and terrorist financing. The obligations arising out of this act are put into context with the Czech Banking Act and with regulations governing payments and implementation of international sanctions, including directly applicable laws of the European Union. The importance of the bank services is also caused by the regulation of cash payments. In connection with the activities of banks, the thesis reflects selected changes that will be introduced by...
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Anti-money laundering and combating the financing of terrorism measures by securities broker
Magdičová, Taťana ; Kotáb, Petr (advisor) ; Vybíral, Roman (referee)
Anti-money laundering and combating the financing of terrorism measures by securities broker Abstract The diploma thesis deals with the issue of money laundering and terrorist financing. The thesis is dedicated to this area, especially from the point of view of securities brokers, who has obligations to apply several measures to prevent money laundering and terrorist financing through this financial institution. The aim of the diploma thesis is to confirm or refute the hypothesis "Measures against money laundering and terrorist financing are sufficiently clear and effective in the practice of a securities broker". The diploma thesis also tries to reveal the pitfalls of the current legislation of selected AML / CFT measures. Scientific methods of description and analysis were chosen to achieve the set goal. In terms of structure, the work is divided into four chapters: 1) Definition of the law against money laundering and terrorist financing, 2) Client identification, 3) Client control and 4) Other selected AML / CFT obligations of the securities broker. In order to achieve the goal, the first chapter summarizes the issue of money laundering and terrorist financing in a relatively concise way. Due to the fact that the professional literature does not pay enough attention to the field of terrorist financing,...
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Combating terrorist financing from the perspective of a major bank operating in the Czech Republic
Opl, Jakub ; Bureš, Oldřich (advisor) ; Kučerová, Irah (referee)
The diploma thesis deals with implementation of legal framework in fight against financing of terrorism and money-laundering in context of anonymous private financial institutition residing in the Czech Republic. Implementation is exercised on the basis of analysis of internal regulations of the institution, anonymous interviews with Compliance officers and survey of the employees from the branches. The thesis shreds some light on problems regarding implementation and also regarding the knowledge of AML/CFT on the side of employees, who are in daily direct contact with clients. In light of these findings, the thesis suggests need for greater enlightment for these employees.
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The role of banks in the fight against money laundering and financing of terrorism
Pultarová, Hana ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
Money laundering and terrorist financing are serious problems that may not only disrupt the stability and reputation of financial institutions, but also affect a wide range of individuals. Therefore, this kind of conduct can be punished as a crime, including the active involvement of banks in money laundering. However, the diploma thesis focuses mainly on preventive measures introduced by the provisions of administrative law. The role of a well-functioning banking system is essential for the effective suppression of money laundering and financing of terrorism. Banks are the most frequent reporters of suspicious transactions and the bank services are used by wide range of persons. The role of banks is mainly determined by their designation as obliged entities by the Act no. 253/2008 Coll., on certain measures against the legalization of proceeds of crime and terrorist financing. The obligations arising out of this act are put into context with the Czech Banking Act and with regulations governing payments and implementation of international sanctions, including directly applicable laws of the European Union. The importance of the bank services is also caused by the regulation of cash payments. In connection with the activities of banks, the thesis reflects selected changes that will be introduced by...
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Procedures against money laundering
Pospíchal, Zbyšek ; Půlpánová, Stanislava (advisor)
The bachelor thesis deals with money laundering activities, respectively measures adopted and implemented in the fight against this financial crime, incidentally, it goes very close on the financing of terrorism. At the initial definition of money laundering, its general characteristics and particular stages of the own process follows chapter analyzes the development and current status of legislative measures on different levels. Special emphasis is placed on the activities of the Financial Analysis Department of the Treasury and its role in the issue. The final passage looks at money laundering in terms of Czech commercial banks; the main attention is paid to the legal obligations under current legislation, with emphasis on their practical application.
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