Anti Money Laundering Presentation 1206776027782784 4

8/13/2019 Anti Money Laundering Presentation 1206776027782784 4

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Audrius apolaHead of security department


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Physical

security


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Information

security


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Fraud

prevention


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Prevention of money laundering

and terrorist financing


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How it affects financialinstitutions?

What is money

laundering and terroristfinancing?


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ehind every greatfortune there is a crime

Honore de alzac


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What

is

money

laundering?


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Money laundering is any action taken to conceal,

arrange, use or possess the proceeds of anycriminal conduct

Serious Organised Crime Agency, UK


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Money laundering is the name given to theprocess by which illegally obtained funds are

given the appearance of having been legitimatelyobtained

Austral ian Transact ion Reports and Analysis Centre


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Money laundering is the method by whichcriminals disguise the illegal origins of their wealth

and protect their asset bases, so as to avoidsuspicion of law enforcement and to preventleaving a trail of incriminating evidence

United Nations Off ice on Drugs and Crime


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I am like any other man. All I do is supply a demand

Al Capone


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Human trafficking

Arms smuggling

Tax evasion

Drug trafficking

Corrupt practices

Theft Fraud

Robbery

Prostitution


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Funds laundered in the world could rangebetween two and five per cent of the worldsgross domestic product.

Using 1996 statistics, these percentages wouldApproximate between US $ 590 billion andU.S. $1.5 trillion

Internat ional Monetary Fund


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Hide wealthAvoid prosecutionEvade taxesIncrease profitsBecome legitimate

Why?


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laundering process


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# placement


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smurfing


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smurfing explained


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smurfing explained


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electronic transfer


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gambling


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gambling


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# layering


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electronic funds transfer


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# integration


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credit and debit cards


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terrorist

financing


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Recruit and sustainAcquire influenceBuild support baseCarry out terrorism

Why?


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Follow the money - Deep Thro at


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hawala


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money laundering vs. terrorist financing


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standardsetters


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The Basel Committee

on

Banking Supervision


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The Egmont Group


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Whatsin it

for the bank?


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what risks?


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operationalrisk


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legal risk


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financial andconcentration risk


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It takes 20 years to build a

reputation and five minutesto ruin it

Warren Buffet


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risk assessment


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politically

exposed

persons


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correspondent

bankingrequirements


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screeningand

monitoring


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ER SE Risk nalysis

E

RASEProfiling

A

lertGenera

tion

UserView

Data reduction & increased accuracy

TransactionsProfiles

$

$

$

$

$

$

$

$

Risk Views

ERASERiskV

iews

Alerts

!

!

!

!

!

ti


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reporting

and

freezing


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Staff

training


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financial

institution =


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a few examples


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Questions?

Th k t


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Thanks to:

Australian Transaction Reports andAnalysis Centre (AUSTRAC)

Flickr

Delfi

Lietuvos Rytas

Neteconomy

stock.xchng
http://www.austrac.gov.au/http://www.austrac.gov.au/http://www.flickr.com/http://www.delfi.lt/http://www.lrytas.lt/http://www.neteconomy.com/http://www.sxc.hu/http://www.sxc.hu/http://www.neteconomy.com/http://www.lrytas.lt/http://www.delfi.lt/http://www.flickr.com/http://www.austrac.gov.au/http://www.austrac.gov.au/http://www.austrac.gov.au/http://www.austrac.gov.au/

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Anti Money Laundering Presentation 1206776027782784 4