Regulatory Alerts2025-01-01
Supervisory Benchmark No 1/2025: Expectations for AML/CFT Governance System Audits
The Czech National Bank issues Supervisory Benchmark No 1/2025 to define expectations for internal and external auditors conducting AML/CFT governance system audits. The document mandates that auditors verify the practical implementation and effectiveness of risk management frameworks rather than merely reviewing internal regulations. It prescribes a standardized report structure requiring detailed descriptions of institutional controls, risk assessments, and specific findings on compliance with legal and recognized standards.
Share