Midlands Audit Fraud Seminar. Dave Churchill Churchill Fraud Solutions Ltd . Proceeds of Crime Act 2002. SAR’S. Restraint. A C Q U I S I T I V E C R I M E. Financial Investigation. Cash Seizure. Confiscation. Money Laundering Offences. Money Laundering ?.
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Midlands Audit Fraud Seminar
Churchill Fraud Solutions Ltd
All 14 yrs imprisonment
Idea is – To legitimise ill-gotten gains
Through money laundering
Law Enforcement Agencies
From where and from whom
with a customers legitimate transactions
or with the normal business activity of that customer or account
Physical deposit of money into the financial system
Disassociate the illegal money from the source/complex web of transactions
Laundering back into the system appearing legitimate
Disguise the sources / change the form/ move the funds
The Third European Directive
Notaries, legal professionals holding pooled accounts –
Business relationships with those individuals holding or having held important public positions – particularly from countries where corruption is widespread –
been entrusted with prominent public
and immediate family members and close
associates of such persons.
What the Papers Say
The Marinovs, and five others are accused of plotting the murders of businessman Nikola Damyanov, reserve general Lyuben Gotsev and late underworld boss Ivan Todoro.The two brothers are currently on home arrest
Detectives charged with providing money laundering gang members with information on potential victims, police uniforms, weapons and ammunition, identification badges and falsified search warrants.
A director and his assistant at Bulgaria's Economy and Energy Ministry were arrested Friday for alleged graft receipts and money laundering.