The bill that is yet to be discussed by the upper house and signed by the president incorporates the EU directive against money laundering in Czech legislation. Under the bill, parties to a trade deal should be identified in all transactions over 1,000 euros.
The current directives bind banks to require identification documents only for sums about four times higher. The bill also markedly extends banks and other financial institutions' duty to monitor and check Czech ODS prefers lower social insurance payments, to keep taxes ...
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(Ceske Noviny)
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