ARO Seminar Ankara

Slides:



Advertisements
Similar presentations
Proceeds of Crime and Asset Recovery 21 February 2007.
Advertisements

EU-China Cooperation in Tobacco Sector EU-China Cooperation in Tobacco Sector.
FATF & future AML/CFT challenges – Bjørn Aamo, FATF-President, Brussels 15 March. New FATF Standards: welcome proposals for new Directive that are broadly.
Republic of Serbia Ministry of Interior Criminal Police Directorate Service for Combating Organized Crime Sofia, May 2012.
Ministry of Interior of Montenegro,,The Fight against corruption and organized crime in Montenegro Ministry of Interior of Montenegro,,The Fight against.
Money Laundering and Corruption
Terrorist Finance Kabul, Afghanistan April History of Financial Transparency Follow-the-Money U.S. Bank Secrecy Act Creation of financial.
Cooperation at International Level – CARIN, ARO Platform, AMON
Crime pays ???. 43 x Police Forces of England and Wales 1 x Serious Organised Crime Agency – FIU, CARIN, Interpol, ARO 1 x Crown Prosecution Service 1.
Division of Financial Crimes & Proceeds of Crime Anti-Smuggling and Organised Crime Department.
Asset Recovery Offices (AROs)
THE END? BEGINNING! The Polish Team looks forward to working
John Fahy National Terrorist FIU New Scotland Yard
Cedric Woodhall, former head of ARO UK. UK has 2 ARO’s.
The Third SIPR Annual Conference Communities and Policing: evidence and innovation in Scotland Police Organisation – Tackling Business Crime in Partnership.
AML/CFT Overview Criminal Law Team Criminal Justice Group.
Who pays? Prioritising Prevention Through Collaboration in Austere Times Alan Dobie, Executive Director, SBCC.
Christopher Cooney International Liaison Officer Scottish Crime & Drug Enforcement Agency December 2012.
Money Laundering Hide Disguise TRUE ORIGIN OF THE CRIMINAL PROCEEDS.
Time Share Fraud Investigations
Building A Financial Intelligence Unit In a Bank Secrecy Environment Lebanon’s Experience Presented by A. Mansour Secretary Special Investigation Commission.
POCA - A Local Authority View. Local Authorities & POCA What asset recovery offers Contributes to your Councils Strategic Priorities To protect the most.
The Camden Asset Recovery Inter-Agency Network (CARIN)
John Anderson Chairman The Global Anti-Counterfeiting Group.
Anti-Money Laundering
1 Towards A Global Architecture for Asset Recovery November 2009.
Money Laundering and Credit Unions Janice Parker.
Stolen Asset Recovery Initiative POLITICALLY EXPOSED PERSONS STRENGTHENING PREVENTIVE MEASURES UNCAC Conference of States Parties Doha, Qatar November.
Source: Section 2 General Code of Conduct A n t i m o n e y l a u n d e r i n g ( A M L ) i s a t e r m m a i n l y u s e d i n t h e f i n a n c i a.
CONTENTS First: Main Points of National Risk Assessment Second: FIs Risk assessment and CDD.
International Standards Simon Goddard 31 August 2012 MOLI Serbia.
Heba Shams (World Bank) & Nadim Kyriakos –Saad (IMF) World Bank
1 Photo PAMECA IV TEAM Design of PAMECA IV PAMECA IV started in July 2013 and is scheduled to run until October Its overall objective.
‘The United Kingdom Anti-Fraud Policy - A Critical Review’ Wales Fraud Forum 2 nd Annual Conference Dr Nicholas Ryder Head of Commercial Law Research Unit.
Project Jackal for Businesses and Financial Institutions
Asset Recovery Office (Police) Germany – Functions and Possibilities
JOINT FINANCIAL INTELLIGENCE UNIT Ricky WONG Joint Financial Intelligence Unit STR : Legal Obligations/Statistics/ Case Examples.
CAR PROJECT SERBIA FITZ-ROY DRAYTON CRIMINAL ASSET RECOVERY PROJECT IN SERBIA.
SSA, Todd Petrie The AMLA Presentation: 3/18/2009.
By Renata Jaruseviciute 1 ©Renata Jaruseviciute.  Financial Crime definition & types  Regulatory body  Legislation  Questions to be asked yourself.
Legal Framework and Regulatory Regime Required for an effective AML/CFT System Richard Pratt 29 March 2005.
With funding from the European Union DEVELOPMENT OF MONITORING INSTRUMENTS FOR JUDICIAL AND LAW ENFORCEMENT INSTITUTIONS IN THE WESTERN BALKANS
Best practices in combating hate crime on the ground osce.org/odihr.
The National WASTE- project of the Belgian police Budapest, 10 th December 2008 Speaker: Frans Geysels.
Serious and organised Crime. What is SAOC? involves more than one person, is organised, meaning that it involves control, planning and use of specialist.
St Paul Police Department’s Criminal Proceeds Unit
© SOCA 2009 NOT PROTECTIVELY MARKED Paul Evans: Director, Intervention ICAC Symposium: International Partnerships Serious Organised Crime Agency 16 December.
Session 5 Anti-Money Laundering & Financial Crime Conducting or Supporting the Investigation Process Presented by ERM Institute Monday, 24 February 2014.
Dr. Nicholas Ryder Professor in Financial Crime ‘The financial war on terrorism: a review of UK counter- terrorist financing strategies since 2001’
Developing an Asset Recovery Programme Fitz-Roy Drayton Criminal Assets Recovery Project Serbia.
The Fight Against Money Laundering. Why is the fight against money laundering so important? Size and scope of money laundering Motivation for laundering.
Asset Recovery Inter-Agency Network (ARIN) Keebong PAEK Senior Prosecutorial and Judicial Adviser UNODC RCEAP 4 th IAACA Seminar Dalian, China – June 2012.
World Bank International Standards and Action to Combat Money Laundering - Legal Aspects Mark Butler Financial Sector Specialist, Financial Market Integrity,
The Fight Against Money Laundering. Why is the fight against money laundering so important? Size and scope of money laundering Motivation for laundering.
Ministry of the Interior of the Republic of Latvia STATE POLICE of LATVIA CENTRAL CRIMINAL POLICE DEPARTMENT Economic Crime Enforcement Department.
Mobilizing Anti-Money Laundering regimes to Combat Wildlife Crime Marilyne Pereira Goncalves, World Bank.
Organization of American States Secretariat for Multidimensional Security Inter-American Drug Abuse Control Commission Proposal for addressing TOC in the.
Legal Considerations Members in Practice (MIP) Members in Business (MIB)
Legal Considerations Members in Practice (MIP) Members in Business (MIB)
Jed Abad Anti-Money Laundering Assistance Team Australian Attorney General’s Department.
IPR Enforcement in the United Kingdom Kenny Wright Danish Patent and Trademark Office.
 Locations :Bridewell Court14 New Bridge Street, London, Greater, London, United Kingdom  EC4V 6AG Tel (020) Fax (020) DX 447.
Denise Meek LIAISE Officer England Illegal Money Lending Team.
Prosecution and investigative authorities in Romania Current status and future reforms Monica Otava Prosecutor Prosecutor’s Office Attached to the High.
Intellectual Property Office is an operating name of the Patent Officewww.ipo.gov.uk IPR Enforcement in the UK Graham Mogg Head of Intelligence Hub.
Session 5 Comments: Illicit trade of tobacco products Panama City, Panama July 2012 John W. Colledge III Consultant Supervisory Criminal Investigator.
OLAF and the fight against customs fraud:
CARIN CAMDEN ASSET RECOVERY INTER AGENCY NETWORK
SC4 – Financial Crimes Unit
SC4 – Financial Crimes Unit
Presentation transcript:

ARO Seminar Ankara

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? The handling of the proceeds of predicate crimes (drug dealing, theft, smuggling, trading counterfeit goods)

Tackling crime Crime Proceeds of Crime Money Laundering

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 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

Speakers Cedric Woodhall Senior Officer UK Customs Head of Set up UK Asset Recovery Office

Speakers Lawrie Day Scotland Yard Detective Accredited Financial Investigator International AML adviser (Kosovo, Croatia, Albania, northern Cyprus)

Speakers Jill Thomas Europol AML specialist Secretary of CARIN Secretary of ARO Platform

Speakers Nottenboom Netherlands specialist prosecutor Founder of ARO

ARO Seminar Ankara

ARO Seminar Ankara UK experience

UK Value

UK Value

Volume of POC

Key tools Find bank accounts Access to SARs Seize cash Freeze accounts & assets Incentive money for agencies

50% to Ministry of Interior 18.75% Police 18.75% Prosecution 12.5% Courts administration

Incentive money for agencies Pros Helps senior management Helps middle management Helps shop floor Helps government Cons Changes focus from good policing to revenue Perverted ‘cost/benefit analysis ‘Better, quicker, cheaper’ investigations ignored ‘Incentive’ time limited

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 Researcher Manager F.I.O. Analyst Operational Heads Briefing Officer

Suspicious activity SARs Financial sector FIC Intervention Outcomes Awareness Trust Feedback Strategic Group Receiving Analysis Dissemination Feedback to Sectors Acquis and FATF compliant Increased State revenue Deters & disables organised crime A Working AML Regime Tax evasion Local crime Other crime Police Prosecutors Customs Tax Social welfare Outputs: Prosecutions & Confiscation

Financial Investigators 2000 to date

Financial investigators Agency Financial Investigators Police 1417 London Police 496 SOCA 246 Tax & Customs 270 Local Gov 105 Social Welfare 24 Serious Fraud 16 Financial Services 11 Other Gov37 Total 2622 UK only

Training History Fraud Training Fraud and Confiscation Training Confiscation Training Intelligence then Investigation then Confiscation Training

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

Intelligence Investigation Confiscation

Financial Investigator Enhanced Intelligence Cash Seizure Money Laundering F.I. Tutor Internet Research Managers’ Course

Course Format Pre-read 5 day course Allocation of Tutor Creation of Professional Development Portfolio Regular Continuous PD

Course style Interactive problem solving Main Courses follow one case

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

Money Laundering & Proceeds of Crime (ML & POC)