Justice Ministry preparing new law to fight against money laundering

The Ministry of Justice is preparing a new law to help in the fight against money laundering in the Czech Republic. The proposed legislation should make it easier for courts to freeze and confiscate suspicious bank accounts. Their owners would then have to prove that the money was legally acquired. The Justice Ministry wants to have a draft of the new law ready by the end of the year. Tens of billions of crowns are laundered in this country every year, according to the National Centre against Organised Crime. Detectives have calculated that in 2020 and 2021 money was laundered to the tune of 100 billion crowns.