Police and Security, Vol. 19 No. 2, 2010.
Professional paper
Co-operation and Data Exchange Betvveen the Anti-Money Laundering Office and the Criminal Police/State Attorney's Office
Damir Bolta
; Ured za sprječavanje pranja novca, Ministarstvo financija, Zagreb, Hrvatska
Abstract
Anti-Money Laundering Office is the Croatian financial-intelligence unit and central national unit for gathering, analysis and dissemination of data, information and documentation on suspicious transactions to the relevant state bodies for further proceedings, in order to prevent and detect money laundering and financing of terrorism. While establishing suspicion into money laundering, the criminal intelligence of the police is important for the Office. Therefore the AMLCFT Law deter-mines the powers of the Office in gathering relevant data. The Office, according to the international standards and the AMLCFT Law, is neither in charge nor authorised to undertake procedures of classical financial investigations to trače and identify criminal proceeds when suspicions into money laundering do not exist. The Law introduces the above-standard for strictly defined circumstances; the Office is in the role of "support" in terms of analysis and data gathering in cases when the state bodies have suspicion into money laundering and information on a suspicious transaction. By this approach the banking secrecy and limitation of the usage of the data are still protected, and the police can initiate analytical processing by the Office which consists of gathering and analysis of ali relevant and available financial, administrative and security information, in Croatia and abroad. The result of the analytical processing by the Office enables the police and other bodies in undertaking further proceedings based on coniprehensive and quality data and analyses.
Keywords
Anti-Money Laundering Office; money laundering; suspicion; data; analytical processing
Hrčak ID:
79413
URI
Publication date:
15.6.2010.
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