Regulatory Alerts2022-01-01
Law on the Prevention of Money Laundering and Financing of Terrorism (Official Consolidated Text)
The Croatian Agency for Supervision of Financial Services issued this consolidated law to transpose EU directives and regulations into national legislation, establishing comprehensive measures to prevent and detect money laundering and terrorist financing. The legislation defines key terms including money laundering, terrorist financing, virtual assets, and beneficial ownership, while designating specific obligated entities and competent state authorities responsible for implementation. It mandates strict compliance procedures, including customer due diligence, reporting of suspicious transactions, and the maintenance of a central register of beneficial owners to ensure alignment with international standards.
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