For your anti-money laundering and corruption audit, and investigation, phone 1300 966 103, alternately email us at [email protected], we do travel. Corruption can be very difficult to prove, possibly the hardest form of corruption to prove is that of a politician.
They wrote the laws with huge cracks they could skip
through. They control the system that investigates their corruption. The
other almost impossible area for a private corruption investigation is
the banks; bankers are politicians are kindred spirits, especially
bankers with positions of power. They are protected.
Corruption is the bane of modern society, it is
aligned with the worship of greed by corporations, where once there was
a belief in service. Corruption of any sort, both within business and
within government operations, cannot exist without some form of money
laundering.
Where there is no money laundering you find large amounts of
cash stored, or converted into precious gems, gold, or other tangible assets like vehicles; this is not considered the most effective means of action
as cash is bulky, and unable to be used for major transactions without
further corrupt practices (sometime by banks), and asset purchases may leave a money trail, depending on the honesty of parties to the transaction.
Money Laundering is literally turning dirty
money into clean (doing the laundry!). It was an expression originally
coined when talking about organised crime. This is achieved
through any number of vehicles including running illegitimate money
through a legitimate business (massage parlours, tattoo parlours, tow
trucks and vehicle wreckers spring to mind), reassigning the identify of
the money in transactions (recording it as sub-contractor payments, or
lease payments, false accounting practices) or by paying deposits and
then never proceeding with the contract, forfeiting the deposit.
The
techniques are only limited by the inventiveness of the criminal.
Basically black money is cleaned by declaring it as winnings (casino's
are popular), or running it through a cash business.
Every suburb of many towns, and cities, now has a shop, of a particular ethnic background, generally, that sells under the counter cigarettes. This is as a result of political stupidity. Politicians are extremists. If a 20% tax on 'filthy cigarettes' is good, a 40% tax is better, and if hey went 40%, we will go 50%. The lack of real world awareness of politicians means they drive people into the arms of the criminals, and their 'predictions' of a great wealth of tax collection keeps falling further, and further, as they drive more and more to the underground 'black' market. This lack of cognisance, includes a failure to recognise that, if the Government dropped the tax 60% they would make 4 times the tax income!
Money laundering has been expanded to include corrupt practices. Corruption and Money Laundering is a ticking time bomb for business. Corrupt practices by management, employees, contractors, and Unions, have threatened the financial viability of business, time and again. They drive up the cost of Government projects by 20%, 30%. Corrupt practices have been found in the building industry, mining (both within countries and across borders), earth moving, security, international aid and public service industries, amongst others.
The issue may come to light as part of an 'expose' by
the media (less likely as investigative journalism falls away), by
'whistleblower' action, or by the company finding it has unexplained
losses, a breakdown of the correlation between inputs, costs and profits
which may signify corrupt behaviour by an employee/employees. It may be
some partners are claiming funds other partners are not aware of, or
are running two sets of books.
Corruption in one business can impact multiple
businesses. The first business may give 'kickbacks' or 'favours' to
obtain work through a fraudulent tender process or by being given inside
information. This means the company contracting the work pays more, or
receives a lower quality job; the honest company loses out because its
honest tender is passed over, so is at risk of loosing employees and
corporate skill levels. These costs will eventually be passed on to the
the end users, or government (taxpayer) that is paying for the task.
Big organised crime corruption, Union corruption, treason by persons in position of power, is not something a private investigator can investigate, generally. We do not have the resources, the investigative powers, required, to make a dent in real, complex corruption. The Government has structured, and divided, their investigative forces, so they WON'T interfere with corruption, and cash donations that benefit politicians. Australia lacks real treason laws, preferring to refer to corrupt politicians who act as agents of influence for a foreign nation as someone who made a mistake.
We can, and do, investigate smaller corruption matters, which are often fraud investigations. Those related to individual cases where the evidence can be located, and specific person's actions identified. Contact us when you require this sort of investigation.
