Act No. 253/2008 Coll.
How AML PROOF Works
AML PROOF simplifies fulfilment of obligations under Act No. 253/2008 Coll. on measures against money laundering — from initial obliged-entity assessment through ongoing monitoring of the business relationship (§ 9(2)(d)) to record retention (§ 16).
Fulfilling obligations under Act No. 253/2008 Coll. — step by step
Obliged entity assessment
Find out whether you are an obliged entity under § 2 of Act No. 253/2008 Coll. (optional)
Complete the assessment questionnaire to determine whether you are subject to obliged-entity obligations under § 2 of Act No. 253/2008 Coll.
Go to assessmentInternal policy system
Prepare your internal policy system (§ 21) and risk assessment (§ 21a)
Prepare your internal policy system (§ 21) and your own money-laundering and terrorist-financing risk assessment (§ 21a) tailored to the nature, scope and complexity of your activities.
Client identification and due diligence
Conduct client identification and due diligence (§ 7–9 of Act No. 253/2008 Coll.)
Conduct client identification and due diligence including verification of natural or legal persons and their beneficial owners (§ 8–9), politically exposed person status (§ 8(8)) and screening against international sanctions lists (Act No. 69/2006 Coll.).
Monitoring
Ongoing monitoring of the business relationship (§ 9(2)(d)) and suspicious transaction reporting (§ 18)
Monitor the business relationship on an ongoing basis (§ 9(2)(d)). Generate suspicious transaction report (STR) drafts under § 18, ready for submission by your designated person. Retain all documentation for 10 years after the business relationship or transaction ends (§ 16).
Tools for fulfilling obliged-entity obligations under Act No. 253/2008 Coll.
Client Identification & CDD
Perform detailed identification and Customer Due Diligence of individuals and legal entities.
- Identity verification of individuals
- Verification of legal entities and UBOs
- Document management and remote identification
Client Screening
Automatically screen clients against international sanctions lists and databases.
- Politically Exposed Persons (PEP) detection
- Sanctions lists screening
- Adverse media monitoring
Evaluation, Decisions & Archiving
Securely manage suspicious activities and keep all records archived.
- Risk assessment and client profiling
- Approval, rejection, or postponement of transactions
- Archiving of all cases for 10 years under § 16 of Act No. 253/2008 Coll. (audit-ready)
Why AML PROOF for fulfilling obliged-entity obligations?
Documented fulfilment of statutory obligations
Digitize mandatory client identification and due diligence (§ 7–9), record retention (§ 16) and suspicious transaction reporting (§ 18) — all in an auditable form ready for the Financial Analytical Office.
Ongoing monitoring of the business relationship
Systematically fulfil the obligation to monitor the business relationship and reassess risk on an ongoing basis (§ 9(2)(d) of Act No. 253/2008 Coll.).
Auditable records for the designated person (§ 22a)
All documentation on client identification and due diligence (§ 7–9), suspicious transaction reports (§ 18) and data retention (§ 16) is structured and maintained by the designated person (§ 22a) in accordance with Act No. 253/2008 Coll.
Ready to Get Started?
Join obliged entities already using AML PROOF.
Register your obliged entity
Registration is simple — just a few clicks, and it's free.
Starter plan at no cost. No credit card required.