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FAU seizes CZK 2.2bn in 2014

The Ministry of Finance’s Financial Analytical Department (FAU) seized CZK 2.18bn worth of financial means in connection with corruption, money laundering, tax fraud and terrorism funding in 2014. The FAU increased the number of complaints made with regard to a criminal offence in connection with the seizing of the financial means from 177 to 263. The number of initiated actions handed over to the tax and customs administration increased by one-third to 1,594, which allowed for the execution of roughly CZK 917m from fraudsters in the area of VAT. The department received a total of 3,192 reports of suspicious trade, 70% of which were from the banking sector.



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