“The results of the Financial Analysis Office for last year are excellent. Last year, the Office managed to secure over 3.9 billion crowns from fraudulent transactions. Closer cooperation with foreign financial intelligence units and close cooperation with the Financial Administration, the Customs Administration, the Police and the secret services also significantly helped him. The fight against money laundering is our long-term priority. We expect higher efficiency thanks to the amendment to the Anti-Money Laundering and Terrorist Financing Act, which has been in force since January this year, “ said Finance Minister Alena Schillerová.
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In 2020, the FAU received an urgent request from a foreign partner unit regarding a person who is being investigated abroad in connection with a particularly serious crime related to the organized activities of persons and companies involved in large-scale tax crimes. This person was the main organizer of the creation of a carousel chain of foreign companies based in EU countries, through which there was non-payment and reduction of VAT and unauthorized drawing of VAT deductions from fuel trade. Part of the proceeds from this criminal activity was transferred to the bank account of this person kept in the Czech Republic. The FAU blocked funds (proceeds from crime) in this bank account, filed a criminal complaint and notified the foreign partner unit. A total of approximately CZK 104 million was secured.
Source: mfcr.cz
