Trust - an instrument for money laundering or trust in view of the western model?

Abstract

The paper describes the institute of trust and possible issues connected with the implementation thereof into Czech law. The introduction outlines applicable legislation and basic elements of trust.

Follow the issues of anonymity of trusts, their taxation, (im)possibility of diversion of property and foundation of trust without appointing of beneficiary. There are presented contradictory views on particular issues and the opinion of the author.

Keywords

• trust
• money laundering
• anonymity
• diversion of trust property
• trust without beneficiary