Aggregated News From Investment Management Regulators

41st Meeting of the Board

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On 1 October 2020, the Board of the Croatian Financial Services Supervisory Agency held its 41st meeting and adopted the following decisions of public interest:

  1. Decision ordering the investment firm CREDOS d.o.o., Zagreb, Nemčićeva 7, OIB: 21667415955 to undertake the following measures in order to eliminate illegalities and irregularities found in the course of supervision procedure: carry out customer due diligence measure of the customer Turbo Trading Limited from Vanuatu, taking into account money laundering and terrorist financing risk factors and considering the fact that Vanuatu does not have effective and adequate system for the prevention of money laundering and terrorist financing and is connected with higher risk of money laundering and terrorist financing; as an enhanced customer due diligence measure check that the assets of Turbo Trading Limited from Vanuatu and assets and the funds used in the business relationship with that company do not originate from criminal activity; as an enhanced customer due diligence measure asses the system and controls for the prevention of money laundering and terrorist financing established by Turbo Trading Limited from Vanuatu by performing a qualitative and documented assessment of the company’s anti-money laundering and terrorist financing control framework, by testing samples in order to determine that anti-money laundering and terrorist financing policies and procedures of the company are effectively implemented; as an enhanced customer due diligence measure use the publicly available information to determine the quality of supervision carried out with regard to Turbo Trading Limited from Vanuatu; and harmonise the provision of Article 23(4) of its internal regulation “Ordinance on the manner of preventing money laundering and terrorist financing in the company Credos d.o.o.“ with the provisions of Article 21(1) and Article 52 of the Act on the prevention of money laundering and terrorist financing with respect to determining and verifying customer’s identity
  1. Decision granting approval to the company INTERKAPITAL dioničko društvo za savjetovanje, upravljanje i ulaganje with its registered office in Zagreb, Masarykova 1, OIB: 91995585043 for direct acquisition of a qualifying holding in the company INTERCAPITAL ASSET MANAGEMENT d.o.o., Zagreb, Masarykova 1, OIB: 59300096197, reaching 24.1% of the initial capital and voting rights in that company; and approval to the company ICH društvo s ograničenom odgovornošću za savjetovanje i upravljanje, with its registered office in Zagreb, Masarykova 1, OIB: 12564452179, for indirect acquisition of a qualifying holding in the company INTERCAPITAL ASSET MANAGEMENT d.o.o., reaching 17.83% of the initial capital and voting rights in that company
  1. Decision granting authorisation to Ana Cvitan Penezić to perform the function of a member of the management board of the company ALLIANZ INVEST d.o.o. za upravljanje investicijskim fondovima, with its registered office in Zagreb, Heinzelova 70, OIB: 42194170044, for a term of 3 (three) years, starting from the day of appointment
  1. Decision granting approval to Toni Jurčić to perform the function of a member of the management board of the leasing company Raiffeisen Leasing d.o.o., with its registered office in Zagreb, Radnička cesta 43, OIB: 7534645053, for a term of 4 (four) years starting from the day of issue of the Decision on appointment
  1. Decision granting authorisation to conduct insurance distribution business to the pre-company VG ZASTUPANJE društvo s ograničenom odgovornošću za zastupanje u osiguranju, with its registered office in Velika Gorica
  1. Decision granting authorisation to conduct insurance distribution business to Mišo Španić, founder of the insurance representation craft CO Agent obrt za zastupanje u osiguranju, Mišo Španić, Nova Gradiška, Ljudevita Gaja 16
  2. Decision granting authoristion to conduct insurance distribution business to Suzana Kralj, founder of the insurance representation craft UNA SD, OBRT ZA ZASTUPANJE U OSIGURANJU, OWN. SUZANA KRALJ, ZAGREB, KANINSKA ULICA 6

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Regulator Information

Abbreviation: HANFA
Jurisdiction: Croatia

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