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Profession guide

Loans, leasing, guarantees and receivables

Authorised provision of leasing, guarantees, credit or monetary loans, or trading in them.

When the obligation applies

  • Authorised provision of leasing, guarantees, credit or monetary loans, or trading in them.
  • Authorised intermediation of savings, leasing, credit or monetary loans.
  • Purchase of debts or receivables, or trading in them.

Exceptions and important distinctions

  • Section 2(4) exemption for tied agents carrying out point 7 activities; the information duty remains.
  • Distinguish collection for a customer from purchasing debt; representation in collecting payments may fall under section 2(1)(h)(5).
  • Read the category with section 2(3): the activity must form part of the business, subject to statutory exceptions for non-business legal entities, lawyer partners and the specified trust activity.

From first engagement to retention

Read this workflow with the scope and exceptions for this profession. Evidence of a measure follows its actual performance.

1. Before starting: verify scope

Record the actual service, parties and why it falls within the scope above. Assess exceptions for each measure, rather than applying them to the entire client relationship.

2. While providing the service: apply sector steps

  1. Check authorisation and the product actually supplied.
  2. Configure identification, due diligence, ongoing monitoring and reporting for the product.
  3. Determine the Czech National Bank and FAÚ supervisory remit for the particular authorisation.

When the service, party or relevant circumstances change, revisit the affected step. This profession’s special regime takes precedence over a generic checklist.

3. Closure: document the outcome under the applicable regime

  • Authorisation and product map
  • Customer and transaction records
  • Risk assessment, internal procedures and review records

Determine which records to retain and under what legal basis. For a customer of an obliged entity this concerns cooperation, not taking over the provider’s duties.

§ 2 odst. 1 písm. b) body 6, 7 a 9; odst. 4

Prepare client information in the AML form →

Supervision and legal basis

FAÚ; the Czech National Bank for entities within its supervisory remit under section 35(1)(a).

§ 2 odst. 1 písm. b) body 6, 7 a 9; odst. 4 ↗