Guardia di Finanza: “Attacking criminal economic - financial interests and money laundering” (March 8th, 2015)

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  • Source: from Guardia di Finanza 2014 Report (page 22 of this pdf)

With its special units in charge of countering organized crime, including mafia-related offences - such as the Central Service and the Investigation Groups on Organized Crime (SCICO and GICO) - the Guardia di Finanza aims at attacking unlawful assets of organized crime.
The Corp’s main goal is to attack organized crime at the heart of its economic and financial interests through the identification and subsequent seizure of any assets and property attributable to individuals under investigation or charged with mafia crimes, or guilty of repeated economic and financial offences, as well as their figureheads.
The goal is to deprive criminal organizations of their financial sources and restore to the community the assets misappropriated with serious crimes, thus strengthening the educational value of lawfulness.
A complementary activity is carried out to protect the capital market.
Activities in this respect include the search and repression of all unlawful phenomena (laundering, usury, illegal value transfers, etc.) that may harm the legal economy and fair competition, thus jeopardizing appropriate resource allocation and distribution.
Interventions include the conduction of judiciary police investigations, the analysis of suspicious transaction reports, and the monitoring of cross-border currency movements.
Monitoring of financial flows is the main feature of all investigations in these areas, since it allows to track profit-bearing offences, tracing back their progress and identifying the actual originators and beneficiaries.
Similarly, inspections and controls on the people targeted for anti-laundering rules (financial brokers, money transfer operators, trust companies, etc.) are also crucial to ensure the appropriate fulfilment of the relevant duties (appropriate customer identification, data acquisition, and reporting of suspicious transactions) and prevent the introduction of capitals of unlawful origin into the financial system.

Results achieved in the fight against organized crime and economic-financial crime

Attività ispettiva antiriciclaggio risultati principali / anti-money laundering investigative activity main results
Ispezioni / Inspections 171
Controlli / Controls 222
Persone denunciate / Reported parties 428
Violazioni amministrative accertate / Administrative breaches ascertained 220
Violazioni penali accertate / Criminal breaches ascertained 275
Approfondimento delle segnalazioni per operazioni sospette / follow up on reports for suspicious transactions
Approfondite / Followed up 21.979
Procedimento penale esistente / existing criminal proceedings 6.047
Esito / Outcome Contestazioni amministrative / administrative formal notices 785
Contestazioni penali / criminal formal charges 587
Circolazione transfrontaliera di valori / cross border circulation of cash and securities
Interventi eseguiti / Interventions conducted 4.331
Violazioni riscontrate / Breaches detected 4.325
Valuta e titoli intercettati al seguito / Carried currency and securities intercepted € 100.800.000
Sequestri / Seizures € 8.750.000
Contrasto al riciclaggio / countering of money laundering
Interventi eseguiti / Interventions conducted 729
Persone denunciate / Reported parties 1.483
- di cui in stato d’arresto / of which arrested 131
Contrasto all’usura / countering of usury
Interventi eseguiti / Interventions conducted 477
Persone denunciate / Reported parties 492
- di cui in stato d’arresto / of which arrested 101

Tutela mercati finanziari / financial markets protection

Interventi eseguiti / Interventions conducted 1.716
Soggetti denunciati / Reported subjects 3.764
Reati Fallimentari / - di cui in stato d’arresto / of which arrested 165
Bankruptcy offences Valore distrazioni accertate / Value of ascertained misappropriations € 1.093.240.000
Sequestri / Seizures € 288.170.000
Interventi eseguiti / Interventions conducted 228
Reati Societari / Soggetti denunciati / Reported subjects 667
Corporate offences - di cui in stato d’arresto / of which arrested 7
Sequestri / Seizures € 2.260.000
Interventi eseguiti / Interventions conducted 354
Reati Bancari e Finanziari / Soggetti denunciati / Reported subjects 721
Bank and financial offences - di cui in stato d’arresto / of which arrested 48
Sequestri / Seizures € 681.630.000
Interventi eseguiti / Interventions conducted 16
Reati di Borsa / Soggetti denunciati / Reported subjects 33
Stock Exchange offences - di cui in stato d’arresto / of which arrested 1
Sequestri / Seizures € 6.100.000
Responsabilità amministrativa degli enti / administrative responsibility of bodies
Interventi eseguiti / Interventions conducted 219
Soggetti segnalati / Reported subjects 555
Sequestri / Seizures € 62.050.000
Falso monetario / counterfeit money
Interventi eseguiti / Interventions conducted 6.716
Persone denunciate / Reported parties 293
- di cui in stato d’arresto / of which arrested 28
Sequestri / Seizures € 355.200.000
Contrasto alla criminalità organizzata / countering of organized crime
Accertamenti patrimoniali / Assessed subjects 5.610
Soggetti controllati / Persons assessed 11.997
- di cui persone fisiche / of which natural persons 9.577
- di cui persone giuridiche / of which legal persons 2.420
Proposte di sequestro / Seizures proposals € 6.206.000.000
Sequestri / Seizure € 3.337.000.000
Confische / Confiscations € 733.000.000

What is Guardia di Finanza?

Among the institutions in our country, the Guardia di Finanza plays a leading role in the fight against economic and financial crimes.
The Corps is the only judicial police force with specialist competences on taxes, able to hit, across different domains, the crimes which hinder the market growth and operation, promoting the development of a more equitable society, more mindful of everybody’s needs.
In this respect, the use of the information contained in the databanks and IT applications recently made available to the Units, has allowed to adopt control methods adjusted to the various types of taxpayers and evasion techniques, and also to further reduce inspections on entrepreneurs and professionals, in line with the directives issued by the Government.
Also in terms of expenditures, in 2014 the Guardia di Finanza played a fundamental role to improve the efficiency of the public machine and ensure a proper use of State and EU resources, being aware that by preventing and repressing squanderings and abuses, more efficient services can be provided to citizens.
A special focus was placed on the fight against organized crime and the offences which, by undermining the roots of the economic and social life, prevent honest enterprises from competing in a fair and respectable way.
These are complex phenomena, systematically countered by the Corps, also targeting assets.
The Corps is also very active in the cooperation and exchange of information with other public National and International Authorities, having created synergies that today allow to effectively support the Units’ operations.
The results achieved prove the commitment and professionalism with which the men and the women of the Guardia di Finanza work every day to protect lawfulness, contributing therefore to give impetus and competitiveness to a “healthy” economy.

by Gen. Saverio Capolupo
Commanding General of the Guardia di Finanza