Implementation of targeted financial sanctions in the Czech Republic

Implementation of targeted financial sanctions in the Czech Republic Abstract This diploma thesis examines the implementation of targeted financial sanctions in the Czech Republic, focusing on legislative changes that occurred between 2022 and 2025. The thesis first defines the concepts of international economic sanctions and targeted financial sanctions, analyzing their historical development from comprehensive sanctions to the current approach focused on specific individuals and entities. Subsequently, it examines the classification of targeted financial sanctions within the legal framework at the level of international law, European Union law, and Czech national law. Considerable attention is devoted to the organizational framework for sanctions implementation, particularly the role of the Financial Action Task Force, the Financial Analytical Office as the financial intelligence unit, and the financial administration. The thesis analyses the transformation of the Financial Analytical Unit into an independent administrative authority in response to Moneyval Committee evaluations and requirements arising from the Financial Action Task Force Recommendations. The central part of the thesis presents a critical analysis of key legislative changes, including the introduction of a national sanctions list and the...