KYC and anti-money laundering

1. Why we identify customers

Jirkova Garáž s.r.o. trades in used vehicles and is therefore an obliged entity, to the extent prescribed by Czech Act No. 253/2008 Coll. on anti-money laundering and counter-terrorist financing (the AML Act). KYC means “Know Your Customer”: we must know who we are doing business with.

These duties may apply to both the buyer and the seller of a used vehicle. Their scope depends in particular on the nature, value and risk of the transaction and on whether an ongoing business relationship is established.

2. Information we may require

Depending on the case, we record and verify identification and contact details, identity-document information and authority to act. For legal entities, we also verify their existence, ownership and control structure and beneficial owner.

Where required by law, we check politically exposed person and sanctions status and establish the purpose and intended nature of the transaction, economic background and source of funds. We may request appropriate supporting evidence.

We collect only information necessary for the relevant legal and contractual purpose. Our Privacy Policy explains the processing in more detail.

3. Process before completion

A member of staff completes the required identification and risk-based due diligence with the customer. Information is verified, the outcome and supporting evidence are recorded in an auditable form and linked to the relevant transaction documents.

Information must be complete and accurate. If a legally required identification or due-diligence step cannot be completed, we may or must refuse or refrain from carrying out the transaction. We assess and report suspicious transactions through the statutory process and are subject to legal confidentiality duties.

The contract and AML record may be provided electronically for review and signature. An electronic signature alone does not replace the identity checks required by law. The identification method and final document set are agreed before the particular transaction is completed.

4. Retention and security

We retain AML records and related documents for the statutory period. For our category of obliged entity this is generally five years, extended to ten years for transactions of EUR 10,000 or more. Specific statutory rules and directions from a competent authority remain unaffected.

Access is restricted to authorised persons and actions are logged. After the retention period, information is deleted or anonymised unless another legal basis requires continued retention.

5. Responsibility and contact

An appointed member of the governing body is responsible for establishing and overseeing the AML procedures. Communication with the Czech Financial Analytical Office (FAÚ) is handled by the contact person notified to that authority.

General privacy questions may be sent to info@jirkovagaraz.cz. Due to statutory confidentiality duties, we do not publish information about individual checks or filings.