money laundering
TRANSCRIPT
![Page 1: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/1.jpg)
Audrius ŠapolaSecurity department of SEB Bank
![Page 2: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/2.jpg)
Physical security
![Page 3: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/3.jpg)
Informationsecurity
![Page 4: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/4.jpg)
Fraud prevention
![Page 5: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/5.jpg)
Prevention of money laundering and terrorist financing
![Page 6: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/6.jpg)
How it affects financial institutions?
What is moneylaundering and terrorist
financing?
![Page 7: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/7.jpg)
““““Behind every great Behind every great Behind every great Behind every great
fortune there is a crime”fortune there is a crime”fortune there is a crime”fortune there is a crime”
Honore de BalzacHonore de BalzacHonore de BalzacHonore de Balzac
![Page 8: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/8.jpg)
Whatis
moneylaundering?
![Page 9: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/9.jpg)
![Page 10: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/10.jpg)
“Money laundering is any action taken to conceal, arrange, use or possess the proceeds of any criminal conduct”
Serious Organised Crime Agency, UK
![Page 11: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/11.jpg)
“Money laundering is the name given to the process by which illegally obtained funds are given the appearance of having been legitimately obtained”
Australian Transaction Reports and Analysis Centre
![Page 12: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/12.jpg)
“Money laundering is the method by which criminals disguise the illegal origins of their wealthand protect their asset bases, so as to avoidsuspicion of law enforcement and to preventleaving a trail of incriminating evidence”
United Nations Office on Drugs and Crime
![Page 13: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/13.jpg)
“I am like any other man. All I do is supply a deman d”
Al Capone
![Page 14: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/14.jpg)
![Page 15: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/15.jpg)
Human trafficking
Arms smuggling
Tax evasion
Drug trafficking
Corrupt practices
Theft Fraud
RobberyProstitution
![Page 16: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/16.jpg)
“Funds laundered in the world could rangebetween two and five per cent of the world’sgross domestic product.
Using 1996 statistics, these percentages wouldApproximate between US $ 590 billion andU.S. $ 1.5 trillion”
International Monetary Fund
![Page 17: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/17.jpg)
®Hide wealth ®Avoid prosecution ®Evade taxes ®Increase profits ®Become legitimate
Why?
![Page 18: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/18.jpg)
laundering process
![Page 19: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/19.jpg)
# placement
![Page 20: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/20.jpg)
smurfing
![Page 21: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/21.jpg)
smurfing explained
![Page 22: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/22.jpg)
smurfing explained
![Page 23: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/23.jpg)
electronic transfer
![Page 24: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/24.jpg)
gambling
![Page 25: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/25.jpg)
gambling
![Page 26: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/26.jpg)
# layering
![Page 27: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/27.jpg)
electronic funds transfer
![Page 28: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/28.jpg)
![Page 29: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/29.jpg)
![Page 30: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/30.jpg)
# integration
![Page 31: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/31.jpg)
credit and debit cards
![Page 32: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/32.jpg)
terroristfinancing
![Page 33: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/33.jpg)
![Page 34: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/34.jpg)
®Recruit and sustain ®Acquire influence ®Build support base ®Carry out terrorism
Why?
![Page 35: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/35.jpg)
“Follow the money” - Deep Throat
![Page 36: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/36.jpg)
hawala
![Page 37: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/37.jpg)
money laundering vs. terrorist financing
![Page 38: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/38.jpg)
standard setters
![Page 39: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/39.jpg)
![Page 40: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/40.jpg)
![Page 41: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/41.jpg)
The Basel Committee on
Banking Supervision
![Page 42: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/42.jpg)
The Egmont Group
![Page 43: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/43.jpg)
What’s in it
for the bank?
![Page 44: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/44.jpg)
what risks?
![Page 45: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/45.jpg)
![Page 46: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/46.jpg)
operationalrisk
![Page 47: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/47.jpg)
legal risk
![Page 48: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/48.jpg)
![Page 49: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/49.jpg)
financial and concentration risk
![Page 50: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/50.jpg)
“It takes 20 years to build a reputation and five minutes to ruin it”
Warren Buffet
![Page 51: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/51.jpg)
risk assessment
![Page 52: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/52.jpg)
knowyour customer
![Page 53: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/53.jpg)
![Page 54: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/54.jpg)
![Page 55: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/55.jpg)
![Page 56: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/56.jpg)
![Page 57: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/57.jpg)
politicallyexposedpersons
![Page 58: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/58.jpg)
![Page 59: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/59.jpg)
correspondent banking
requirements
![Page 60: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/60.jpg)
screening and
monitoring
![Page 61: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/61.jpg)
ERASE Risk AnalysisERASE Risk AnalysisERASE Risk AnalysisERASE Risk Analysis
ERASE Profiling
Alert Generation
User View
Data reduction & increased accuracy
TransactionsProfiles
$
$
$
$
$
$
$
$
Risk Views
ERASE Risk Views
Alerts
!!
!!
!!
!!
!!
![Page 62: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/62.jpg)
reportingand
freezing
![Page 63: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/63.jpg)
Staff training
![Page 64: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/64.jpg)
![Page 65: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/65.jpg)
arrestingpower?
![Page 66: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/66.jpg)
financial institution =
![Page 67: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/67.jpg)
![Page 68: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/68.jpg)
a few examples…
![Page 69: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/69.jpg)
![Page 70: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/70.jpg)
![Page 71: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/71.jpg)
![Page 72: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/72.jpg)
![Page 73: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/73.jpg)
Questions?
![Page 74: Money laundering](https://reader033.vdocument.in/reader033/viewer/2022060108/554de7abb4c905ee578b47c4/html5/thumbnails/74.jpg)
Thanks to:Australian Transaction Reports and
Analysis Centre (AUSTRAC)FlickrDelfi
Lietuvos RytasNeteconomystock.xchng