Regulatory Alerts2022-01-01
Supervisory Benchmark No 4/2022 on Prudent Approach to Publicly Available AML/CFT Information
The Czech National Bank issued Supervisory Benchmark No 4/2022 to mandate that credit institutions actively monitor and integrate publicly available information into their anti-money laundering and counter-terrorist financing risk management frameworks. The benchmark requires institutions to systematically assess media reports and open-source data for relevance to specific clients and overall business activities, triggering enhanced due diligence or relationship termination when risks are identified. These procedures must be proportionate, documented in internal regulations, and applied consistently to ensure effective identification and mitigation of emerging financial crime typologies.
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