Money laundering
19.07.2021.
Pursuant to Article 3, paragraphs 1 and 2 of the Act, money laundering is considered to be:
1. exchange or transfer of property, where it is known that such property was acquired through criminal activity or participation in such activity, for the purpose of concealing or concealing the illegal origin of the property or assisting any person involved in committing such activity to avoid legal consequences
2. concealment or concealment of the true nature, source, location, disposal, movement, rights related to the ownership or ownership of property, when it is known that the property was acquired by criminal activity or participation in such activity
3. the acquisition, possession or use of property if it is known, at the time of receipt, that such property was acquired through criminal activity or participation in such activity, or
4. participation in the commission, association for the purpose of committing, attempting to commit and aiding and abetting the commission, encouraging, advising and facilitating the accomplishment of any of the activities listed in items 1, 2 and 3 of this paragraph.
Money laundering is also considered when the activities by which the property subject to money laundering was created were carried out in the territory of another Member State or a third country.
Law on Prevention of Money Laundering and Terrorist Financing: https://www.zakon.hr/z/117/Zakon-o-sprje%C4%8Davanju-pranja-novca-i-financiranju-terorizma
Office for the Prevention of Money Laundering of the Republic of Croatia
The Office is the central national administrative unit responsible for receiving and analyzing notifications of suspicious transactions and other information prescribed by the Law and by-laws adopted on the basis thereof, related to money laundering, related criminal offenses and terrorist financing.
- The Office is responsible for submitting the results of its operational analyzes as financial intelligence and all other relevant information to the competent authorities for further action and processing when it determines that in a particular case there are grounds for suspicion of money laundering and/or terrorist financing.
Office report for 2020
In 2020, the Office for the Prevention of Money Laundering opened 403 cases with suspicion of money laundering and terrorist financing, and 254 of them were forwarded to the competent authorities.
The office, which operates within the Ministry of Finance, also issued 46 orders to banks to block suspicious transactions, totaling HRK 33.8 million. As part of international cooperation and the exchange of data needed to detect specific cases, the Office sent 130 requests to 42 countries and received 114 requests from 37 countries.
