cross-border fraud due to registration differences viesturs gurtlavs latvian lessors association...
TRANSCRIPT
![Page 1: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/1.jpg)
Cross-border fraud due to registration differences
Viesturs GurtlavsLatvian Lessors Association
Prague, 3 February, 2012
![Page 2: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/2.jpg)
Agenda.
• Market
• Fraud influence
• Solutions
![Page 3: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/3.jpg)
Market
![Page 4: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/4.jpg)
New sales in Latvia 2004.-2010.
![Page 5: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/5.jpg)
Leasing portfolio in Latvia 2004.-2010.
![Page 6: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/6.jpg)
Market situation 2008.-2010.
• State economy went to deep crisis. That resulted an overall decrease in all businesses.
• Decrease in demand for transport services.
• Formerly good customers went to or close to insolvency.
• Restructuring of lease contracts.
![Page 7: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/7.jpg)
Attitudes of unsuccesful customers.
• Try to deal with Leasing company for restructuration of contract.
• To return assets.
• Try not to return assets.
• Criminal actions.
![Page 8: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/8.jpg)
• Fraud influence
![Page 9: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/9.jpg)
Criminal actions.
• Insurance fraud.
• Hiding of asset.
• Moving of asset to another country.
![Page 10: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/10.jpg)
Visible stages of possible illegal export.
• Possible payment delays (not obligate).
• Change of company management and/or owners.
• Sudden lose of any contacts, phone, e-mail, e.t.c. no information about vehicle.
• Vehicle has no valid insurance / no regular technical inspection.
}?
![Page 11: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/11.jpg)
Unvisible stages of possible illegal export.
• Movement of truck, trailer or car to another country.
• Several owners / resellers until “end” purchaser/user.
• Based on falsified sales documents, registration in other country.
• Application of first (legal) owner (leasing company) when the asset appears to be stolen.
![Page 12: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/12.jpg)
![Page 13: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/13.jpg)
Registration problems.
• Different countries- different rules for registration.• Only purchase documents.• Application by post.• Informing of “previous” country within
several times.• Other.
• Register agencies not always check legal status of asset in “original” country.
![Page 14: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/14.jpg)
![Page 15: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/15.jpg)
Registration problems.
![Page 16: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/16.jpg)
Registration problems.
• Only few countries exchange information in Eucaris.
• Belgium, Estonia, Germany, Hungary, Iceland, Ireland, Latvia, Lithuania, Luxembourg, Romania, Slovakia, Sweden, The Netherlands and the United Kingdom
![Page 17: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/17.jpg)
![Page 18: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/18.jpg)
Consequences?
• For legal owner- lost of assets and a big potential for insurance rejection.
• For “new” owner- potential risk of lost of money.
• If found, very long and expensive procedure of recovery, legal costs, translation e.t.c.
• Risk of using of asset in crimes and as result confiscating of asset.
![Page 19: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/19.jpg)
Solutions
![Page 20: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/20.jpg)
How to reduce potential risk from present customer?
• Continuous and permanent monitoring of all customers, if such is possible.
• Immediate reaction in cases when potential illegal action indicates.
• Personal guarantees from owners/management.
• GPS tracking (especially in rent cases).
![Page 21: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/21.jpg)
How to escape from purchase of such used assets?
• Ask seller for:• Previous registration and origin
documentation.• Ownership of himself.
• Customer related with seller...
• Trustful evaluation of asset. For example in Czech republic- CEBIA. In Latvia AR-Control. Members of IAATI . If seller rejects...
• As well as Search engines for VIN.
![Page 22: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/22.jpg)
Before and after....
![Page 23: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/23.jpg)
Suggestions
• Continuous control and checking.
• Use of evaluation services for any used asset.
• Cooperation with Vendors for history checking.
• To promote that your country completely joins to Eucaris.
![Page 24: Cross-border fraud due to registration differences Viesturs Gurtlavs Latvian Lessors Association Prague, 3 February, 2012](https://reader030.vdocuments.site/reader030/viewer/2022032802/56649e045503460f94aef6a6/html5/thumbnails/24.jpg)
Thank you!