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ARO Seminar Ankara. [email protected] What is financial crime?. The handling of the proceeds of crime (drug dealing, theft, smuggling, trading counterfeit goods) Market manipulation (insider trading) Tax evasion Fraud. What is money laundering?.

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Presentation Transcript
what is financial crime
What is financial crime?

The handling of the proceeds of crime (drug dealing, theft, smuggling, trading counterfeit goods)

Market manipulation (insider trading)

Tax evasion

Fraud

what is money laundering
What is money laundering?
  • The handling of the proceeds of predicate crimes (drug dealing, theft, smuggling, trading counterfeit goods)
what is financial investigation
What is financial investigation?

The covert mapping of criminals and their assets before arrest

The intrusive use of financial intelligence, multiple databases, analysis, mixed with traditional surveillance, human sources and other field intelligence

speakers
Speakers
  • Tristram Hicks, Detective Superintendent Scotland Yard
  • Head of Financial Intelligence
  • Recipient of all London STRs
  • Head of London Asset Recovery Team
  • Police rep on National Strategic Committees
speakers1
Speakers
  • Cedric Woodhall
  • Senior Officer UK Customs
  • Head of
  • Set up UK Asset Recovery Office
speakers2
Speakers
  • Lawrie Day
  • Scotland Yard Detective
  • Accredited Financial Investigator
  • International AML adviser (Kosovo, Croatia, Albania, northern Cyprus)
speakers3
Speakers
  • Jill Thomas
  • Europol AML specialist
  • Secretary of CARIN
  • Secretary of ARO Platform
speakers4
Speakers
  • Nottenboom
  • Netherlands specialist prosecutor
  • Founder of ARO
key tools
Key tools
  • Find bank accounts
  • Access to SARs
  • Seize cash
  • Freeze accounts & assets
  • Incentive money for agencies
incentive money for agencies
Incentive money for agencies
  • 50% to Ministry of Interior
  • 18.75% Police
  • 18.75% Prosecution
  • 12.5% Courts administration
incentive money for agencies1
Incentive money for agencies

Pros

Cons

Changes focus from good policing to revenue

Perverted ‘cost/benefit analysis

‘Better, quicker, cheaper’ investigations ignored

‘Incentive’ time limited

  • Helps senior management
  • Helps middle management
  • Helps shop floor
  • Helps government
incentive money for agencies2
Incentive money for agencies
  • Perceptions
  • Police allow drug dealers to carry on until car is worth seizing (moral hazard)
  • Prosecutors change indictment/ bring case to get the money (Judicial disapproval)
  • Police/prosecutors working for themselves not the public (public distrust)
standard intelligence unit
Standard Intelligence Unit

Operational Heads

Briefing

Officer

Manager

Analyst

F.I.O.

slide21

A Working AML Regime

Acquis and FATF compliant

Increased State revenue

Deters & disables organised crime

Outputs:

Prosecutions &

Confiscation

Outcomes

Suspicious activity

Intervention

Police

Prosecutors

Customs

Tax

Social welfare

Tax evasion

Local crime

Other crime

Strategic Group

SARs

FIC

Receiving

Analysis

Dissemination

Feedback to Sectors

Financial sector

Awareness

Trust

Feedback

training history
Training History
  • Fraud Training
  • Fraud and Confiscation Training
  • Confiscation Training
  • Intelligence then Investigation then Confiscation Training
uk training is eu recommended
UK training is EU recommended
  • Council of the EU, Evaluation of Financial Crime and Financial Investigation, Report on the UK.
  • UK powers and training systems should be presented to the EU, its Members and Agencies
course format
Course Format
  • Pre-read
  • 5 day course
  • Allocation of Tutor
  • Creation of Professional Development Portfolio
  • Regular Continuous PD
course style
Course style
  • Interactive problem solving
  • Main Courses follow one case
key lessons from uk
Key lessons from UK

Beware! Cultural resistance of senior police managers, prosecutors, judges

Emphasise operational efficiency: better, quicker, cheaper investigations

Seize and freeze first, ask questions later

Importance of cash seizure

Collect statistics now!

Beware recycling the money to agencies

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