The First Unit of the Anti-Money Laundering Authority
Activities conducted a significant number of investigations into money laundering
criminal activities as a result of possible commission of various financial and non-financial
nature of crimes through the abusive exploitation of the License program
Investor Residence (hereafter ADE).
The investigations led to the identification of specific abusive methodologies
exploitation of the ADE programs. In addition, suspicious cash flows were identified,
indications and typologies that point to money laundering
activities.
An important part of this research is the recording, for the first time by
implementation of ADE programs, risk indicators that can help
in the identification of similar cases by the involved Authorities & the liable persons
of Law 4557/2018.
Finally, certain weaknesses of the system are identified and recorded, which
they can be a springboard for further armoring the current one
legislation with the inclusion of additional specifications and safeguards for the
acquisition of AED, as well as the more effective coordination of co-authors
bodies to prevent and prevent cases of abusive exploitation
said program.
More information can be found at the following link:
