The Ministry of Finances hopes that by September it will have introduced SDOE to an electronic platform for the data exchange between banks and monitoring authorities related to tax evasion, corruption and money laundering.
The legislation for the implementation and operation of the “Bank Account Register” will be prepared and submitted in Parliament in June. SDOE will use the system to gain access to the accounts of individuals suspected of tax evasion, corruption and money laundering.
The Bank Account Register will only include data and information details of people who are being investigated for illegal activities. Based on current legislation and practice, it can take more than six months to gain access to investigate a bank account over tax evasion and other financial crimes.
