AP ASSET AP SUSTRANS FIU.NET RECOVERY Intelligence activities - - PowerPoint PPT Presentation

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Sep 02, 2022 343 likes •545 views

Financial Intelligence Group AP ASSET AP SUSTRANS FIU.NET RECOVERY Intelligence activities SOURCES OF INFORMATION MONEY LAUNDERING STRs and CTRs CASH DECLARATIONS INVESTIGATIONS (FIUs) CASH SEIZURES (LEA) (CUSTOMS) Financial

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Financial Intelligence Group

AP SUSTRANS AP ASSET RECOVERY FIU.NET

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Intelligence activities

SOURCES OF INFORMATION

MONEY LAUNDERING INVESTIGATIONS (LEA) STRs and CTRs (FIUs) CASH DECLARATIONS CASH SEIZURES (CUSTOMS)

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Financial Intelligence Group

CRIMINAL INTELLIGENCE FINANCIAL INTELLIGENCE

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Key findings

The overall number of

reports continues to

increase. In 2014

almost 1 million reports were received.

Just 10% of suspicious

transaction reports (STRs) are further investigated Financial Intelligence Group

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Report findings: countries Total reports across all Member States (2006 - 2014)

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Report findings - DNFBPs

Report finding – Reasons for reporting

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Report finding – Financial sector most frequent

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Report finding – DNFBPs most frequent

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Least frequent reporting entities 2013/2014  Financial – currency exchange bureaux, pension and investment funds  Non-financial – traders in high value goods, TCSP, real estate

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Operation Snake – results

 200 police officers involved  65 searches  75 persons and126 companies indicted  32 persons arrested  1 million euro, 26 vehicles and 28 properties seized.

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Operation USURA– results

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Bribery and corruption

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UK approach

the real estate agents are obliged to perform CDD and identify the beneficial owner of the property. 15% additional tax if the property is acquired by a company US approach GTO (Geographic targeting order) – impose enhanced AML reporting obligations for a short period of time over a limited geographic region

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Current challenge

Conducting profit driven activity/Gatekeeping for infiltration of criminal assets

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Focusing on the basics on any client relationship – researching and knowing who is the person or company you are dealing with is Trigger and key indicators

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Enhanced AML/CTF system Reporting Quality management Cooperation

Reporting

TRANSACTION MONITORING INTELLIGENCE LED REPORTING

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Thank you for your attention

Slava Stefanova Financial Intelligence group, Europol O50@europol.europa.eu