Croatia

Last updated: 19/02/2007

CENTRAL AUTHORITY FOR REPORTING

Anti-Money Laundering Department (AMLD). The task of the AMLD is to gather, analyse, classify, and keep data received from all the reporting institutions, to disseminate the information to relevant state bodies, and together with them undertake measures for the prevention of money laundering. The AMLD is established within the Ministry of Finance

HAS THE SECOND EU MONEY LAUNDERING DIRECTIVE BEEN IMPLEMENTED?

The Second EU Directive has been implemented by the adoption of The Law on Prevention of Money Laundering, which entered into force on 1st January 2004.

LAWS REGARDING ANTI-MONEY LAUNDERING PROCEDURES

The Law on Prevention of Money Laundering, entered into force on 1st January 2004.

GUIDELINES

Procedures on the Implementation of the Law on Prevention of Money Laundering.

UNDER WHAT CIRCUMSTANCES IS A LAWYER UNDER AN OBLIGATION TO REPORT?

According to article 9 a of the Law on Prevention of Money Laundering,

A lawyer, lawyer company and a notary are obliged in designed manner to inform the AMLD whilst conducting their business and when they perform a financial transaction or other transaction with assets, if there is a suspicion of money laundering.
When a lawyer or lawyer company represents the client in a judicial proceeding or administrative procedure, they are not obliged to act in accordance with regulations as per paragraph 1 of this Article.
Regardless of the provisions of the above paragraphs of this Article, a lawyer, lawyer company, notary, audit company, certified auditor, or legal and physical persons conducting accountancy services or tax advisory services shall inform the AMLD in designed manner of all cases when they are being asked by their clients for an advice connected with money laundering.

IS TIPPING-OFF PERMITTED?

No information available.

LAWYER RESPONSIBILITY

No information available.

DOCUMENTS TO BE COLLECTED

No information available.

RESTRICTIONS TO ACT

No information available.

EXISTING CLIENTS AFFECTED

No information available.

NEW MATTERS

No information available.

NEW CLIENTS

The Client Identification Procedure (Article No. 2 of the Law on Prevention of Money Laundering)

The reporting institutions verify the identity of the physical person requesting a transaction by checking the identity documents (personal I.D. card, passport or other relevant identification card), for the first and last name, the address of residence or home, the personal identity number or date of birth, as well as type, number, and issuing entity of the document.
If the reporting institution conducts a transaction for a legal person, it shall verify the identity of the person who is requesting the transaction on behalf of the legal person, as per Paragraph 1 of this Article, and also the name (title), address, and registry number of the legal person requesting the transaction.

LAWYERS PROSECUTED FOR MONEY LAUNDERING SITUATIONS

No information available.