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Financial Intelligence as a Tool to Combat Money Laundering
JUDr. Juraj Hollan, Financial Intelligence Unit, Bratislava, Slovak Republic
Abstract
Gathering financial intelligence by the Financial Intelligence Unit forms an integral component of the effort to combat money laundering. Although the term “financial intelligence” has yet to be precisely defined in the Slovak legal system, it can be characterised primarily by an understanding of its main goal, which is the collection and subsequent analysis of financial information for the purpose of suppressing financial crime, primarily in the area of money laundering, but also in the field of fighting tax crime, or for example in the field of fighting corruption. Given the gravity of money laundering as a form of economic criminal activity, it is essential to comprehend and identify the various aspects involved in order to effectively safeguard against this undesired phenomenon.
Keywords: financial intelligence, financial intelligence unit, money laundering, financial information.