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

Competences of A-FIU

• The only unit to receive STRs

• STRs – money laundering

• STRs – TF

• STRs – corruption

• All STRs are analysed


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


Austria

• Knowledge – used invoices look similar

• Need to prove the transactions

• Faked/real invoices

• Over- and underinvoicing – delivery of goods

• Consulting agreements

• Feasibility studies


High risk business

• Non face to face business

• PEP‘s, terrorists

• Correspondent bank accounts


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)


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)


Pattern of transactions

• Cash (maybe HAWALLA)

• Interim account

• Business with offshore companies

• Non face to face business


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


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


HAWALLA

– Low Costs

no company registration no nominal capital no cash reserves no taxes almost no personnel costs, almost no equipment, etc.


HAWALLA

– Anonymity

avoiding currency controls capital flight evasion of taxes evasion of customs duties smuggling money laundering financing of terrorism


HAWALLA

– Anonymity

avoiding currency controls capital flight evasion of taxes evasion of customs duties smuggling money laundering financing of terrorism


HAWALLA

– High degree of flexibility and versatility

avoiding sanctions hardly any banking system

(strictly regulated) quick response to economic

crises humanitarian aid, etc.


HAWALLA

avoiding sanctions

hardly any banking system (strictly regulated)

quick response to economic crises

humanitarian aid, etc.







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 Competences of A-FIU The only unit to receive STRs STRs – money laundering STRs – TF STRs – corruption All STRs are analysed.

Documents

fiu slide

money slide

shareholders slide

analysed slide

face business slide

austria money

money corruption

hawalla anonymity