MoneyLaunderingInvestigationinEnglandandWalesQuality.docxVIP

Money Laundering Investigation in England and WalesQuality of Intelligence and Investigation Ian Davidson The Problem “Systematic quantitative or qualitative data that would provide defensible bases for assessments and recommendations are not now available for most countries, nor likely to be available in the foreseeable future” ‘Global Surveillance of Dirty Money’ – Halliday, Levi and Reuter 2014 Our Objective Method Study was split into two parts: Intelligence – Organised Crime Group Mapping Offender based – criminal justice process Intelligence OCGM – money laundering element - complexity OCGM – education Money laundering perception National priorities – reasoning? Data quality checking OCGM – Money Laundering ‘Groups’ before latest tracker changes Cash Based Businesses Money Service Businesses Cash Smuggling Through National Borders Trade Based Laundering Professional Enablers Use of Legitimate Finance Systems Transparency of Ownership of Seemingly Legal Entities OCGM – Money Laundering ‘groups’ current tracker Cash Based Business Cash Based Business/Organisations (High Value Dealers, Casinos, Restaurants, Charities etc.) Cash Consolidation Cash Collection Smuggling Criminal Property (Cash) Smuggling Criminal Property (Precious Metals, Stones) Computer/technology enabled money movement. Exploitation of Bank Accounts (including smurfing, 3rd party account usage, front accounts) Exploitation of retail banking products (mortgages, loans, insurance, bonds ISA’s etc.) Exploitation of specialist financial markets/products (loans, letters of credit, bonds, trusts, stock markets trading, precious metals/stones) Informal Value Transfer Systems (hawala, black market peso) Money Service Businesses (MSB’s) – Currency Exchange Money Service Businesses (MSB’s) – Money Transmission Money Service Businesses (MSB’s) – Other Overseas Placement of criminal finances of assets (specify (use additional info)) Professional Enablers Self-investment/acquiring of assets through crimina