How do criminals promote their illegal products

Fight illegal financial flows around the world

method

The global project “Combating Illegal Financial Flows” aims at Proceeds from criminal machinations from. Only when criminals are no longer able to launder and profit from their illegally acquired assets can the underlying crimes be contained. To this end, we support our partners in their Conformity with major international standards to increase. This includes, for example, the standards of the Financial Action Task Force (FATF) for combating money laundering and the financing of terrorism.

The project works in three fields of action:

  • Prevention: In order to prevent illegal financial flows, the project supports partner countries in strengthening their legal framework in line with international standards. It systematically increases the traceability of the proceeds from crime, for example through the establishment of beneficial ownership registers.
  • Financial investigation: The project supports national law enforcement authorities in introducing innovative investigative methods and in working together across authorities. We address challenges in cross-border cooperation at the regional level.
  • Repatriation of assets: To ensure that crime is not worth it, the project supports the return of assets stolen in developing and emerging countries. Cooperation between law enforcement authorities is promoted nationally, regionally and internationally.

The program achieved a wide impact by it regionally expanding innovative national approaches, the Peer-to-peer learning between countries and regions promotes and national and regional experiences in the international debate brings in.

A uniform appearance of the German ministries in international forums is essential to combat IFF. For strategic coordination, the project supports a six-monthly dialogue between the Federal Ministry for Economic Cooperation and Development (BMZ) and other relevant ministries, such as the Federal Ministry of Finance (BMF), the Federal Ministry of Justice and Consumer Protection (BMJV) and the Foreign Office (AA). In addition, the project supports the German delegation in various plenary and working group meetings of the United Nations Office on Drugs and Crime (UNODC), the FATF and their regional organizations.
 

Effects

The project has in its partner countries and in the three priority regions Africa, Latin America and the Western Balkans achieved significant success.

In Kenya the project supported the introduction of cross-agency investigation teams (Multi-Agency Team, MAT). Due to the new form of cooperation, the Kenyan anti-corruption authority was able to do its Increase the conviction rate from 2017 to 2018 by over 50 percent. In addition, the authority already has one in the first half of the 2019/20 financial year Record amount of more than 9 billion Kenya shillings (the equivalent of over 70 million euros) of stolen assets returned. Kenya has disseminated the successful approach through the Regional Asset Recovery Network in East Africa (ARIN-EA). The project is currently supporting other member states in implementation.

The plan has Peru supports that Increase compliance with the international anti-money laundering standards of the FATF and on prepare their evaluation. To this end, it supported, for example, money laundering risk analyzes in mining, fishing, the timber industry and the financial sector and contributed to the development of the new national strategy to combat money laundering. After an exemplary performance in the evaluation, the project supports Peru in sharing its experience. Other Latin American countries asked Peru to help them prepare for their own evaluation.

Even after an FATF evaluation, the project offers support. So in Mauritius identified priority measures implemented. Strengthening the national anti-money laundering system prevents impending sanctions that restrict access to the capital market.

in the Western Balkans the project has strengthened the cooperation between law enforcement authorities, Sniffer dogs specializing in cash procured and successful with the partners Register of beneficial owners introduced.

On international level does the project have a Dialogue event established between African and European countries for asset repatriation.

In September 2020, the Global forum on IFFs and sustainable development took place, to which 100 contributors from 62 countries came together and over 400 participants were welcomed. This success is to be continued as part of an international platform that networks the various players, prepares key global topics with training, studies and innovative formats, and enables long-term partnerships and collaborations.

Status: February 2021