Unclassified
Anti-Money Laundering Summit 2014
Detective Superintendent Stephen Dametto
Radisson Blue Plaza Hotel, Sydney
12 September 2014
Unclassified
Outline
•Money Laundering & Terrorism Financing
•Financial Intelligence
•Information Disclosure
•Trends/Emerging Issues & Challenges
Unclassified
COMMON MONEY LAUNDERING TYPOLOGIES
Currency Smuggling
Structuring / Smurfing
Cuckoo Smurfing
Telegraphic Transfers and Bank Drafts
Credit Cards and Debit Cards
Unclassified
Telegraphic Transfers and bulk cash deposits Case Study : Op LUWEN
Unclassified
Telegraphic Transfers and bulk cash deposits Case Study 4: Op LUWEN (Cont)
Unclassified
Debit Cards and Offshore structures – Typical WICKENBY
Unclassified
Definition
Terrorism Financing
Financial support, in any form, of terrorism or of those who encourage, plan, or engage in terrorism.
Terrorist AttacksTerrorist Organisations
$
Unclassified
Money LaunderingMoney Laundering
(Place, Layer, Integrate)
$
$
Place
Layer
Integrate
$X
Money Laundering
Suspects + Crime + Dirty Money $ + Expense $
Clean Money $
Unclassified
Model of Terrorism Financing
Terrorism Financing
Suspects + (Crime) + Expenses $
Terrorism
Terrorism Financing
(Raise, Move, Use)
$Raise
Move
UseStore
$
Unclassified
Low Cost / High Cost ?
Nairobi, 2013< US$5K
Burgas, 2012< $US500
Syria, 201312 T explosives
Boston, 2013< US$500
LTTE in 2004> $1,000,000
Unclassified
Terrorism Financing: Raise
RISK
STORE
$$$$$$
KYC&
CDD
RAISE
STATE/POPULAR
ILLEGAL
LEGAL
AML / CTF
MOVE
$$$
MOVE
$$$
BANK
Unclassified
12
Legislation Focus Example
Terrorism & AML Offences Criminal Code Act
(Disruption) Offences Crimes (Foreign Incursions & Recruitment) Act
Powers Crimes Act
AML/CTF AML/CTF Act
Sanctions Charter of United Nations Act
Autonomous Sanctions Autonomous Sanctions Act
Asset Forfeiture Proceeds of Crime Act
Legislation
TIC, Collaroy NSW - 12 May 2014
Unclassified
Bank
CentralClearing-house
SendingAgent
Remitter
1
4 5
2 3
6
Pay OutAgent
Receiver
Terrorism Financing: Move
Hawala: Remittance
Unclassified
CentralClearing-house
Pay OutAgent
Trader
Trader
Trader
87
6
9
10
Terrorism Financing: Move
Hawala: Settlement
Unclassified
Terrorism Financing: Move
ELITE GOLD STORE
ROBBERY
RP 400M
RAUF
Keep RP 10M for operational expenses#
PAMUNGKAS
Bank AccountGHONI
Sale of 2 Motorcycles#
WAN MIN
(Link to AL QAEDA)
US $30K
THB 200K
MUKHLAS
US$15,500
AMZI*
US$5K
SEP2002
FADI OR RIZAL*
IDRIS
Transportation &
Accommodation
AMROZI
Obtained Chemicals
& Vehicle
RP 30M
RP 20M
18SEP2002RP 15M
13SEP2002
RP 15M
13SEP2002RP 20M
18SEP2002
US$10,000
AMZI*
#Organised by SAMUDRA
* Currency Smuggling
FUNDINGTHE BALI
BOMBINGS
Unclassified
•Pattern of Life
•Financial Capability
•Investigational leads
•Correlation/Corroboration
•Evidence
•Red flags
Financial Intelligence
Unclassified
Operation Financial Intelligence
Newport Travel to Australia funded by LeT
Pendennis-Eden
Purchase of chemical equipment and electrical hardware; EFTPOS to purchase chemicals.
Overt Charity transfers to Pakistan uncovered airline liquid bomb plot
Theseus Credit cards and financial data reconstructed timeline of London attack planning
Seagram Trace suspects spending and travel in the UK allowing CCTV images for retrieval
Optimize Identification of travel; IED components
Cottrell Purchase of paedophilia material
Cabalic Mortgage fraud
Financial Intelligence
Unclassified
Information Disclosure
Legislation - Powers
Crimes Act 1914
- s3ZQN Notice to Produce;
- s3E Search Warrant
AML / CTF Act 2006
- s49 Request for information
POC Act 2002
- s213 Notice to Produce
Privacy Act 1988
- Australian Privacy Principle 6
TIC, Collaroy NSW - 18 May 2014
Unclassified
Trends / Emerging Issues•Cash
•Misuse of charities / NFPs
•Changing Technology / payment methods
•Changing organisational form
• Low level, diffuse, home-grown & self-funded
•Changing Landscape
Unclassified
Terrorism Financing Investigations Unit (TFIU)
Detective Superintendent Stephen Dametto
Tel: 02 92864000
Email: [email protected]
Preventing terrorism through partnerships
Unclassified
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