Category: Finance

The BKA and the Financial BaFin warn of new methods of money laundering. The STRs have increased by almost a quarter in the year of 2009. But money launderers are creative and often difficult to track for authorities.

Geldwäscher operate in Germany increasingly also to the help of private individuals. Then the Federal Criminal Police (BKA) and the Financial BaFin pointed out at the presentation of the annual report on combating money laundering on Wednesday. The number of suspicious transaction reports has rocketed in the past year by 23 percent to 9046th 46 percent of STRs has, according to BKA President Joerg Ziercke suspected of a crime-hardened. 63 percent of those ads contained evidence of fraud, forgery and 7 percent to 5 percent on insolvency and tax offenses. In the area of organized crime of a total of 579 procedures were triggered by appropriate money laundering ads last year 25th Indications of possible terrorist financing were included in 98 STRs.

The increase in suspicious transaction reports led Ziercke primarily due to the increasing number of reports in connection with so-called tombstones back. Here About people are recruited to provide her private account for money laundering transactions available and the amounts – regularly against commission – forwarding abroad to backers or for further concealment of payment transactions to other financial agents. The STRs due to financial agents have more than doubled last year to the 2394th

According to the annual report, the financial agents are recruited on the Internet to put their private account for payment of the purchase price of internet articles which are available either on commercial websites or auction platforms (for example, “eBay”) against payment, on a commission basis. The goods would not be delivered, but the funds paid by the buyer to the accounts of financial agents monies transferred further from there via an electronic payment service to backers. Another method is the recruitment of so-called purchasing agents who are also recruited via the Internet. These people then make their account for transfers available with which they buy high-quality goods such as televisions or computers. Then they send them to commission them aforementioned addresses.

“Money laundering is increasingly channeled through fictitious trade or stores, with international criminal groups and companies based abroad are the focus,” Ziercke said. specifically his view, money launderers use the fact that requests for assistance are lengthy typically apply in different states have different banking and professional secrets and the control and law enforcement intensity is differently pronounced. Also, BaFin President Jochen Sanio lamented the creativity of money laundering. Regulators and legislators would have to constantly be on guard and be able to react immediately to new developments.

Here Sanio referred in particular to the use of new payment methods such as “prepaid” cards for mobile phones, internet or mobile-payment systems. These payment methods are not subject to the regulations in part of the conventional financial system. According Sanio money launderers also use foreign payment service providers which have been installed in Germany IInternet cafes call shops or travel agencies as bases. Sanio believes that such developments may be controlled not nationally but only at the international level.

Even gold trade affected

Another development that evaluated BKA President Ziercke for 2009 in the field of combating money laundering as characteristic was trading in CO2 emission certificates. Since the end of July 2009 in Germany financial intelligence had been reimbursed by banks and energy-trading companies increased, the background rates or money transfers related to CO2 emission were. Because of the suspicion of tax evasion in emission certificates, the Attorney General’s Office Frankfurt investigating a total of 150 suspects from 50 companies. Among them are employees of Deutsche Bank and the supplier RWE. According to Ziercke the damage for the German tax authorities amounts to more than 300 million euros. To date, the assets have been secured over 100 million euros.

Even the gold trade has come to the fore of the fight against money laundering. Ziercke reported suspicions of criminal offenses fraud and money laundering in connection with gold separation plants. Since January 2009, 69 corresponding STRs were registered, where total transactions had been carried out by more than 60 million euros.

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