Česky

Anticorruption barometer


Update history

Abolition of anonymous ownership — #133 Abolition of Trust Funds

Trustfunds should be abolished or very strictly regulated as far as transparency of beneficiaries, the origin and disposal of assets within the trust fund is concerned.

Justification and sources

Selected update

Updated: 10/2016 Parameter update history

Effectiveness:
50%
Progression:
80%
The law is adopted but not yet in force

The recently adopted amendment of the Act on certain measures against money laundering lays down certain disclosure requirements concerning identity of beneficiaries, the origin and disposal with funds in the trust fund, but these requirements are non-verifiable.

Compared to current state

Updated: 01/2018 Parameter update history

Effectiveness:
50%
Progression:
90%
The law is in force

The Act on public registers introduces as of 1 January 2018 the obligation for trustfunds to register them as well as information about their beneficial owner(s) to the register of trustfunds, however, this information cannot be verified and ais not public.