Compliance with the sanctions applied in the EU and the Czech Republic.

Quantum Rise acknowledges and understands that specific individuals, organisations, companies, and other entities are subject to sanctions imposed by the European Union, the United Nations, the United States, the United Kingdom, and the Czech Republic.

Legal Basis

The Czech Republic is a UN and EU member state and implements UN and EU sanctions. The implementation of international sanctions in the Czech Republic is governed by Act No. 69/2006 Sb (“International Sanctions Act”), and Act No. 70/2006 Sb., amending selected acts concerning the adoption of the International Sanctions Act.

On 3 January 2023, the Czech Republic introduced national sanctions legislation, the Sanctions Act (English translation), which it has used to impose asset freezes and travel bans on individuals who are not designated by the EU (see Czech Republic autonomous sanctions list).

Our Policies

Quantum Rise, a financial market participant registered and performing its activities in the Czech Republic is prohibited from engaging in transactions with (or transferring value to) such sanctioned entities and individuals.

Quantum Rise confirms that, as of the date of signing any agreement with other parties, neither Quantum Rise nor its owners, shareholders, officers, board members, employees, business ventures, or any of their family members are subject to the EU/US/UK/UN sanctions.

Quantum Rise further confirms that neither it nor any of its owners, shareholders, officers, directors, employees, business ventures, or their family members are connected to or engaged in business relationships with any sanctioned individuals, companies, organisations, or entities as defined in EU/US/UK/UN sanctions lists.

Quantum Rise confirms that neither it nor any of its business ventures, owners, shareholders, officers, directors, employees, or their family members are affiliated with any governmental subdivisions, agencies, instrumentalities, or government officials in a manner that would breach EU/US/UK/UN sanctions.

No portion of investor’s payments to Quantum Rise will be directed to or used to benefit any sanctioned individuals, organisations, companies, or entities as per EU/US/UK/UN sanctions lists.

Following the EU/US/UK foreign policy and sanctions, no portion of investors’ payments to Quantum Rise will be used in any manner that threatens any country’s peace, security, stability, or territorial integrity.

No portion of investors’ payments to Quantum Rise will be used to support, advance, or benefit actions or policies that violate or restrict any country’s human rights or fundamental freedoms.

Throughout the terms of any agreements with other parties, in such a context, Quantum Rise shall comply with the provisions of:

• the International Sanctions Act;
• Act No. 253/2008 Sb. on Selected Measures against Legitimisation of Proceeds of Crime and Financing of Terrorism (AML Act).

Quantum Rise acknowledges that being subject to the EU/US/UK/UN sanctions may result in the immediate suspension or termination of any agreements to ensure compliance with UK/EU/US sanctions laws and any other termination provisions outlined in any agreements.

Basic information on the scope of international sanctions applicable in the Czech Republic is available at the EU Sanctions Map. Legally binding texts of international sanctions legislation are available in the EUR-Lex database and International and legal agenda.

Responsible Department

The Financial Analytical Office

The Financial Analytical Office is responsible for coordinating the implementation of international sanctions in the Czech Republic.

The Office is one of the Czech national competent authorities (NCAs); it is responsible for the overall coordination of the implementation of international sanctions (EU restrictive measures), it is competent for asset freezing measures and financial sanctions and for granting derogations from most types of restrictive measures.

Ministry of Finance

Depending on the type of restrictive measure, other ministries and government agencies may be responsible for the implementation of restrictive measures in their area of competence, specifically regarding financial sanctions:

Ministry of Finance
Letenská 525/15, 118 10 Prague 1
Email: podatelna@mfcr.cz
Website: https://www.mfcr.cz/en/contacts