The lower house of the Czech Republic's parliament on Wednesday approved an initiative that would require financial institutions to keep records of beneficial owners of accounts and politically exposed persons, measures that would help get the country's anti-money laundering laws in line with international standards. The bill, which includes a broad array of AML measures, next faces a vote in the Czech Senate before it is sent to the president, according to a report on a Czech news website. In addition to the requirements regarding beneficial ownership and politically exposed persons, the bill incorporates several other provisions of the European...
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