The Egmont Group of Financial Intelligence Units recently published a compilation of case studies taken from their Best Egmont Case Awards. It is essential reading for all AML and financial crime professionals.
Published on 26 February 2015, the 22 model cases deal with
- bribery and corruption,
- drug trafficking, fraud,
- human trafficking,
- kidnapping,
- organised crime, and
- terrorism
The cases ‘demonstrate how FIUs developed their investigation from available information to produce an intelligence product and valuable evidence to support a prosecution’.
The topics covered by the case studies are:
- Corruption, Money Laundering, and Terrorist Resourcing in the Middle East;
- Money Laundering, Corruption, and the importance of international exchange;
- Corruption in the Civil Service;
- Multiple Heroin importation syndicates dismantled;
- Afghan Heroin;
- The illegal supply of drugs into Nusakambangan Prison;
- Efraim Diveroli/AEY Investigation – The supply of banned arms;
- Structuring in an effort to avoid tax;
- Operation Arboria – A Ponzi Scheme;
- Money Laundering and Conspiracy to Defraud – A Ponzi Scheme;
- The Fiji Turtle Island Resort Case: Forgery, Fraud, Money Laundering, and
- Non-Conviction Based Forfeiture;
- Money Laundering by Fraudulent Western Union Agents;
- The misappropriation of municipal funds;
- Laundering the proceeds of illegal pornographic material;
- Human Trafficking – Modern day slavery;
- El Loco Barrera – Colombian Narcotrafficker;
- AUSTRAC information sparked investigation into illegal Money Remitter;
- Use of Foreign Bank to conceal source of funds;
- Operation Hammer;
- The use of shell companies and ‘Round-Robin’ type schemes to evade tax;
- Using legitimate businesses and NPOs to finance terrorism;
- Disrupting the financial and material resources of terrorism through civil forfeiture.
The compilation is available to download below. = http://bit.ly/1GAEvwy
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