FinMin´s unit FAU seizes Kc808m from criminal activities in 2011

The FAU filed 256 criminal complaints last year, compared with 296 complaints filed in 2010. The number of reported suspicious deals and transactions rose by 83 to 1,970 last year.

The FAU last year also submitted 747 proposals for investigation to customs officers and the tax administration, compared with 2010´s 639 proposals.

"Based on these proposals, tax in the order of billions of crowns was additionally assessed. I would like to thank to all FAU employees for their hard work," Finance Minister Miroslav Kalousek said today.

The FAU´s annual report shows that the number of cases of criminal activity in the area of taxes and fraud in general, as well as corruption, is growing. Efforts at legalising money thus gained are always part of the game, FAU says.

The FAU is part of the worldwide network of the so-called financial intelligence units set up to fight money laundering and the financing of terrorism. It also coordinates enforcement of international sanctions.

Author: ČTK
www.ctk.cz