ARO Seminar Ankara. email@example.com. 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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The handling of the proceeds of crime (drug dealing, theft, smuggling, trading counterfeit goods)
Market manipulation (insider trading)
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
Changes focus from good policing to revenue
Perverted ‘cost/benefit analysis
‘Better, quicker, cheaper’ investigations ignored
‘Incentive’ time limited
Acquis and FATF compliant
Increased State revenue
Deters & disables organised crime
Feedback to Sectors
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