Thursday , December 3 2020

The 14 suspicious money laundering habits



Not Spyros Dimitrelis

A series of suspicious practices as they are a sign – but they are not in a sufficient test – that's someone is involved in an attempt to kill "dirty" money the Independent Public Revenue Authority has stated. The relevant list of practices and instructions has been included in the presentation made by the RAD Governor. G. Pitsillis for representatives of entities that are part of the control and fight of money laundering habits (eg accountants, brokers of real estate). Here are the following practices that should sail a bell:

* The willingness of the customer to provide the required identification documents at the time of the transaction

* Legal person representative who attempts to implement a transaction on behalf of the legal person, refuses to provide the legal identity certification and identity document of the legal person

* Customers insist on paying and paying in high value transactions

* Use a personal account of the owner or employee of the company instead of the company's account to hold a company transaction to hide other corporate sales or events

* High-value goods purchases such as recreational, luxury cars or artwork are made by people who have located in offshore or low tax tax jurisdictions whose actual beneficial owner is a natural person with declared income that & # 39; n guarantee purchases of this type

* Probably a lawyer uses personal accounts for transactions by natural or legal persons who represent

* Abnormal abnormal behavior in person when holding a transaction

* Similar transactions repeated for amounts below the lower threshold that due diligence is required

* Change the client's common address unjustified by its professional activity

* The causes of customers whose behavior and behavior constantly changes, suggesting a change in their standard of living

* The customer's home or business phone is away

* Existence of doubt or establishing a virtual business from the customer

* It is reported that buying a property has to be maintained without complying with the legal form, e.g. with a private agreement

* From the property data mentioned in the transfer agreement the property appears to have owned the seller very recently (successive real estate transactions)

Depending on the case, professionals in the sectors involved in tackling money laundering, even by checking the details of the "investor" and "real" beneficiaries Report to the eligible Anti-Waste Authority Illegal Activities.

The fines provided for negligence or intentional failure to take due diligence measures are even EUR 1 million, and criminal liability with a prison is presumed for up to 2 years.


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