mag. mahr a-fiu 2010 competences of a-fiu the only unit to receive strs strs – money laundering...
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Mag. Mahr A-FIU 2010
Competences of A-FIU
• The only unit to receive STRs
• STRs – money laundering
• STRs – TF
• STRs – corruption
• All STRs are analysed
Mag. Mahr A-FIU 2010
Austria
• Money laundering – illegal source
• TF – illegal/legal source – relevant is the use of the money
• Corruption – mainly legal source – relevant is the use of the money
Mag. Mahr A-FIU 2010
Austria
• Knowledge – used invoices look similar
• Need to prove the transactions
• Faked/real invoices
• Over- and underinvoicing – delivery of goods
• Consulting agreements
• Feasibility studies
Mag. Mahr A-FIU 2010
High risk business
• Non face to face business
• PEP‘s, terrorists
• Correspondent bank accounts
Mag. Mahr A-FIU 2010
Client
• Plenty of lists (PEP‘s, terrorist)
• New/old customer
• Individual/company
• Resident/non resident person
• Home/foreign countries
• Trustee
• Offshore companies
• Customer products (e.g. weapons)
Mag. Mahr A-FIU 2010
Sphere of the client
• Loophole of transparency
• Geographical and political circumstances (support for terrorists, high crime rates eg. corruption; transparancy index)
• Resident companies (foreign CEO‘s, shareholders)
Mag. Mahr A-FIU 2010
Pattern of transactions
• Cash (maybe HAWALLA)
• Interim account
• Business with offshore companies
• Non face to face business
Mag. Mahr A-FIU 2010
Search
Search
warrant
warrant
A - FIU A - FIU Criminal Intelligence ServiceCriminal Intelligence Service
AustriaAustria
Sta
tist
ics
Sta
tist
ics
Enforcem
ent
Enforcem
ent
Authority
Authority
Prosecutor
Prosecutor
Co
urt
Co
urt
Disclosures
Disclosures
Interpol
Interpol
Europol
Europol
FIU´s
FIU´s
Egmont
Egmont
FATFFATF
Wire Wire Tape
Tape
TrusteeTrustee
Arrest w
arrant
Arrest w
arrant
InfosInfos
Request
Request
InternationalInternational
AuthoritiesAuthorities
Analysis
Analysis
Own Own
Investigatio
n
Investigatio
n
Liason Officer
Liason Officer
Staff
Staff
Bu
dg
etB
ud
get
National and National and international Lawinternational Law
DEADEAFBI
FBI
BKA-BKA-
WiesbadenWiesbaden
WEGA
WEGA EKO
EKO
CobraCobra
A-FIUA-FIU
Mag. Mahr A-FIU 2010
Hawalla
based on trust
Legal and illegal sources
• donations (humanitarian aid)
• transfers by foreign workers
• payments for imports
• payment for services abroad
• income from tourism
• capital flight
• tax offences
• payment of inflated (fake) invoices
• proceeds from crimes
Mag. Mahr A-FIU 2010
HAWALLA
– Low Costs
no company registration no nominal capital no cash reserves no taxes almost no personnel costs, almost no equipment, etc.
Mag. Mahr A-FIU 2010
HAWALLA
– Anonymity
avoiding currency controls capital flight evasion of taxes evasion of customs duties smuggling money laundering financing of terrorism
Mag. Mahr A-FIU 2010
HAWALLA
– Anonymity
avoiding currency controls capital flight evasion of taxes evasion of customs duties smuggling money laundering financing of terrorism
Mag. Mahr A-FIU 2010
HAWALLA
– High degree of flexibility and versatility
avoiding sanctions hardly any banking system
(strictly regulated) quick response to economic
crises humanitarian aid, etc.
Mag. Mahr A-FIU 2010
HAWALLA
avoiding sanctions
hardly any banking system (strictly regulated)
quick response to economic crises
humanitarian aid, etc.
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
no activity in the registering countryno activity in the registering country no decision takers in the registering countryno decision takers in the registering country no liability to pay taxesno liability to pay taxes no proof of the paid-up capitalno proof of the paid-up capital no double taxation agreementno double taxation agreement no duty to keep books of accountno duty to keep books of account strict banking secrecystrict banking secrecy liberal foreign exchange controlliberal foreign exchange control excellent infrastructureexcellent infrastructure quick, discrete and low-cost quick, discrete and low-cost establishment of companiesestablishment of companies excellent on site-services excellent on site-services
no activity in the registering countryno activity in the registering country no decision takers in the registering countryno decision takers in the registering country no liability to pay taxesno liability to pay taxes no proof of the paid-up capitalno proof of the paid-up capital no double taxation agreementno double taxation agreement no duty to keep books of accountno duty to keep books of account strict banking secrecystrict banking secrecy liberal foreign exchange controlliberal foreign exchange control excellent infrastructureexcellent infrastructure quick, discrete and low-cost quick, discrete and low-cost establishment of companiesestablishment of companies excellent on site-services excellent on site-services
Characteristic features of Characteristic features of offshore destinationsoffshore destinations
Characteristic features of Characteristic features of offshore destinationsoffshore destinations
it is a special feature of the “offshore it is a special feature of the “offshore business” that the transactions are conducted business” that the transactions are conducted on a purely international basis and do not on a purely international basis and do not involve national interests.involve national interests.
it is a special feature of the “offshore it is a special feature of the “offshore business” that the transactions are conducted business” that the transactions are conducted on a purely international basis and do not on a purely international basis and do not involve national interests.involve national interests.
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010
Mag. Mahr A-FIU 2010