"When the European Union adopts the recently proposed regulations, Croatian banks will adjust themselves so as to be able to respect those regulations regardless of possible costs. Deadlines are long enough both for the adoption and application of the rules, and there should be no difficulties or delays," Bohacek told Hina.
Brussels has suggested to banks to consider new rules regarding the disclosure of identities of their clients, i.e. namles, addresses, and numbers of bank accounts of clients for each money transaction from and in the EU regardless of the transacted amount. Data on each transaction will be kept for five years and will be available to the police for purposes of detecting terrorists and other criminals.
The adoption of the final version of the Third Anti-Money Laundering Directive prevention is expected in coming months.
According to Bohacek, banks in EU member-states will have a two-year deadline for the directive's enforcement.
Banks in Croatia already enforce all relevant laws and regulations in this field and permanently cooperate with the Office for Prevention of Money Laundering and the Office of the Chief State Prosecutor in the practical application of rules, Bohacek said.