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2013 Report on Greek Financial Crimes

parliamentThe Hellenic Anti-Money Laundering, Counter-Terrorist Financing and Source of Funds Investigation Authority released on Tuesday its annual report for the past year, which comprises all evidence regarding the extent of illegal financial activities conducted in Greece by governmental and public sector officials, as well as members of the Greek social and economic scene.
The report, which was submitted to the appropriate committee of the Greek parliament, mentioned that hundreds of million euros were seized as part of the operations tackling financial crimes, while also noting that “a new and peculiar kind of organized crime focused around banks was detected.”
According to the authority, during the last year Greek judicial officials handled 413 cases of law violations regarding the declaration of assets. This law obliges all governmental and public sector officials, as well as entities dealing with money and funds, to file an assets’ declaration every year and provide proof for the source of their funds. Among the people referred to the prosecutors were 75 mayors, 62 physicians and directors employed in the Greek national health system (ESY), 17 employees of correctional facilities and 15 members of public authorities and committees.
The report also addresses the fact that around €200 million were seized from various illegal activities. In detail, €124 million were raised from activities that are punishable with imprisonment, €73 million from tax evasion, €1.5 million from computer frauds and €1.1 from drug trafficking, while €33.5 was seized as part of protecting the financial interests of the European Union.
Referring to the new type of organized crime, which was spotted during 2013, the report mentioned that “banks are being robbed from the inside,” while revealing that many bank administrations were embezzling funds from their institutions. Although incriminating evidence couldn’t be always found easily, the authority managed in many instances to establish grounds relating to criminal activities.
The authority, which was created in 2011 and is headed by a prosecutor to the Greek Supreme Court, aims to combat the legalization of proceeds from criminal activities and terrorist financing, while assisting in the security and sustainability of fiscal and financial stability.

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