Current Affairs Loophole allows illegal billions to be stashed away in bank accounts

03-10-2006 14:22 | Rob Cameron

The country's leading financial daily Hospodarske noviny reported on Monday on a legal loophole which police believe is allowing people to deposit billions of crowns in illegal earnings in their bank accounts. The police say they can't touch cash they know is fishy because there's no law in the Czech Republic requiring citizens to explain the source of their private wealth.

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