Czech Republic: Financial Analytical Unit Publishes Annual Activity Report for 2018

On April, 24, 2019, the Financial Analytical Unit (FAU) published its annual report for 2018, summarising information about its activities in 2018 and information on the current trends with regard to money laundering and terrorist financing. It also announced that it had secured CZK7.5bn from fraudulent transactions.

The FAU was established in 2017and acts as the financial intelligence unit for the Czech Republic. It performs the function of collecting and analysing information suspected of money laundering or considered a link to terrorist financing.

The main observations of the FAU in its annual report are:

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