More effective controls on money laundering dependent on new register

The amendments to the law on fighting money laundering was sent to parliament for consideration. The obligation to inform the Chief Inspector of Financial Information (GIIF) about large transactions was extended to cover auction houses, second-hand book shops, pawn shops and second-hand shops. This is the third series of amendments to the law, which came into force on June 23, 2001. The efficiency of the system is dependent on an electronic transaction register, which will come on line on July 1, 2004. Today the ministry of finance will announce the conditions for participating in the tender to build the system. (Puls Biznesu, p. 10) P.W.