6.11.2008
News

Penalties on Cash Payment Cap Alleviated

It has been over four years since the 15,000 Euro cap for cash transactions was introduced. The Act on Restriction of Cash Payments was amended in August to modify the penalties, including fines for breach of the cap.

The bottom penalty limit of ten thousand Czech crowns has been cancelled. This is good news since the fine of ten thousand Czech crowns had to be imposed on even minor violations of the Act. The top limit for penalization has been reduced from five million to half a million Czech crowns, but this applies only to individuals. While legal entities are still subject to the top limit of five million Czech crowns, a release from liability has been introduced for them. Legal entities that wish to be released must give sufficient evidence that they have exerted all reasonably expected efforts to avoid the breach of the statutory duty. Liability may also expire if the authority in charge fails to initiate proceedings on a committed delinquency within 1 year after having learned thereof.

Other articles

4.8.2026
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Richard Schmidt Joins KŠB, Strengthening Its Corporate Criminal Liability and Compliance Practice

KŠB expanded its team at the beginning of August with the arrival of attorney Richard Schmidt, who has extensive experience in criminal law, including corporate criminal liability and related compliance matters.

KŠB expanded its team at the beginning of August with the arrival of attorney Richard Schmidt, who has extensive experience in criminal law, including corporate criminal liability and related compliance matters.

27.7.2026
News

Active counter-drone measures need a broader legal basis

A highly noteworthy legislative proposal was added to the VeKLEP interministerial consultation database on 21 July 2026, namely a government bill amending several laws with the aim of strengthening the resilience of critical infrastructure entities against unmanned aircraft systems. Drafted by the Ministry of the Interior, the bill includes proposed amendments to the Civil Aviation Act and the Act on the Czech Police.

A highly noteworthy legislative proposal was added to the VeKLEP interministerial consultation database on 21 July 2026, namely a government bill amending several laws with the aim of strengthening the resilience of critical infrastructure entities against unmanned aircraft systems. Drafted by the Ministry of the Interior, the bill includes proposed amendments to the Civil Aviation Act and the Act on the Czech Police.

24.7.2026
News

Tomáš Sequens and Dana Jacková Discuss the Risks of the Proposed Amendment to the Building Act

KŠB partner Tomáš Sequens and counsel Dana Jacková recently spoke to specialist news platforms Česká justice and Ekonomický deník about the proposed amendment to the Building Act, which aims to accelerate and simplify the construction permitting process.

KŠB partner Tomáš Sequens and counsel Dana Jacková recently spoke to specialist news platforms Česká justice and Ekonomický deník about the proposed amendment to the Building Act, which aims to accelerate and simplify the construction permitting process.