theory and international of money laundering

theory and international of money laundering - Money...

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Unformatted text preview: Money Laundering Awareness Handbook for Tax Examiners and Tax Auditors 2009 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. The OECD member countries are: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European Communities takes part in the work of the OECD. Cover image philipus - Fotolia.com Preface OECD 2009 5 Preface The purpose of this handbook is to raise the awareness level of tax examiners and auditors on money laundering. It provides guidance in identifying money laundering during the conduct of normal tax audits. It also describes the resources and tools that are available for effective detection and deterrence. While the handbook does not detail criminal investigation methods, it does describe the nature and context of money laundering activities so that tax examiners and auditors can better understand how their contribution can assist criminal investigators in countering money laundering. Tax administrations can adapt the handbook to suit their particular circumstances and to take into account the varying roles that tax administrations have in relation to reporting unusual or suspicious transactions, receiving suspicious transaction reports and investigating money laundering offences. To aid this adaptation key areas of the handbook have been highlighted for Country Specific Insertions. While the aim of this handbook is to raise the awareness of tax examiners and tax auditors about the possible implications of transactions or activities related to money laundering and tax crimes, the handbook is not meant to replace domestic policies and procedures. This handbook is available on the CTPA website www.oecd.org/ctp/taxcrimes. Versions in different languages will also be available here. Table of Contents OECD 2009 7 Table of Contents Introduction 9 Money Laundering 11 Role of Tax Examiners and Auditors 15 Money Laundering Indicators for Individuals 19 Tax Return Examination and Pre-Audit Indicators 23 Audit Indicators 27 Specific Indicators on Real Estate 31 Specific Indicators on Cash 35 Specific Indicators on International Trade 39 Specific Indicators on Loans 43 Specific Indicators on Professional Service Providers 47 Introduction...
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theory and international of money laundering - Money...

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