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OSCE Mission organizes training on financial crimes investigations in Novi Pazar
NOVI PAZAR 20 November 2007
NOVI PAZAR, Serbia, 20 November 2007 - Fighting economic crime in Serbia was the topic of an OSCE training course for judiciary, police officers and court experts which ended in Novi Pazar today.
The two-day event gathered officials from Novi Pazar, Kraljevo, Tutin and Sjenica, as well as experts from the Finance and Interior Ministries, and the National Bank of Serbia.
"The goal of a financial investigation is to identify and document the movement of money, which can provide proof of criminal activity," said Anthony Pahigian, Deputy Head of the OSCE Mission to Serbia.
"Being able to uncover, understand and follow through all the sophisticated business and financial transactions is key to fighting economic and other kinds of crimes. This course was designed to enhance financial investigations techniques and increase inter institutional co-operation both at the local level and with Serbian national bodies."
Participants discussed fraud schemes and risk indicators, investigation tools, financial reporting systems, audit techniques, activities of the National Bank in preventing financial frauds, infiltration of illegal capitals and money-laundering, the role of the Finance Ministry's Financial Intelligence Unit, and the investigative capabilities of the Interior Ministry's Organized Financial Crime Suppression Department.
The event was organized by the OSCE Mission to Serbia, the U.S. Department of Justice, USAID and the ABA-CEELI association.
Similar training courses will be held in Smederevo, Novi Sad and Belgrade in the next three months.
The two-day event gathered officials from Novi Pazar, Kraljevo, Tutin and Sjenica, as well as experts from the Finance and Interior Ministries, and the National Bank of Serbia.
"The goal of a financial investigation is to identify and document the movement of money, which can provide proof of criminal activity," said Anthony Pahigian, Deputy Head of the OSCE Mission to Serbia.
"Being able to uncover, understand and follow through all the sophisticated business and financial transactions is key to fighting economic and other kinds of crimes. This course was designed to enhance financial investigations techniques and increase inter institutional co-operation both at the local level and with Serbian national bodies."
Participants discussed fraud schemes and risk indicators, investigation tools, financial reporting systems, audit techniques, activities of the National Bank in preventing financial frauds, infiltration of illegal capitals and money-laundering, the role of the Finance Ministry's Financial Intelligence Unit, and the investigative capabilities of the Interior Ministry's Organized Financial Crime Suppression Department.
The event was organized by the OSCE Mission to Serbia, the U.S. Department of Justice, USAID and the ABA-CEELI association.
Similar training courses will be held in Smederevo, Novi Sad and Belgrade in the next three months.