Effective investigations: Precisely analyze corporate entanglements with Palturai FraudTracer
Investigating authorities are faced with the challenge of analyzing complex corporate networks. These networks, consisting of subsidiaries, shareholdings and joint ventures, often extend across different business areas and jurisdictions. Identifying and analyzing these structures requires a deep understanding of the corporate landscape and thorough research. The diversity and complexity of the available data increase the time required considerably. Efficient tools and technologies are needed to speed up this process and optimize the results of the investigation.
How does Palturai support investigations?
Innovative solutions for investigative authorities
In the context of investigative authorities, Palturai offers pioneering solutions that are specifically designed to overcome the associated challenges. Through the use of FraudTracer, Palturai provides a transparent view of business relationships and advanced artificial intelligence (AI) integration that is invaluable to investigative authorities.
Early warning system to identify potential fraud cases
The Fraud Prediction Index serves as a robust early warning system that helps investigating authorities to identify potential fraud cases quickly and efficiently. By continuously monitoring and updating fraud probabilities, authorities can proactively respond to suspicious activity and take necessary action to mitigate risk. The Fraud Prediction Index provides a clear, percentage-based assessment that makes it easier for investigators to prioritize urgent cases and allocate resources optimally.
Detailed network and risk assessments
Distance to Trouble complements the general prediction of the Fraud Prediction Index with an in-depth analysis of specific network structures and dynamics. This detailed risk assessment allows investigators to understand the connections and interactions within networks and track the spread of potential fraud risks. The Distance to Trouble identifies problematic nodes and the nature of the relationships, enabling targeted intervention and effective prevention.
Visualization
As an investigator, you use the visualization of company networks to identify connections quickly and efficiently.
Data from public sources
Comprehensive access to a constantly updated database with information on companies and their networks for targeted investigations
Fraud prediction
Use our AI to identify companies with a high probability of fraud and detect potential tax fraud at an early stage.
Made in Germany
FraudTracer was designed in Germany and is also hosted in Germany. 100% made in Germany!
Practice example
The main defendants from the Hells Angels are at the center of a tax evasion case involving gold transactions and missing millions. Following investigations by the Hamburg tax investigation department, four men were charged with tax evasion amounting to 27 million euros. SPIEGEL investigated the matter and presented the suspected VAT fraud in detail.
According to the investigation, the accused brought precious metals worth 80 million euros to Berlin from opaque sources and concealed the origin through a dummy company in Hamburg. It turned out that these transactions never took place.
The accused, Dirk Fähnrich, is a member and spokesman for the Hells Angels and managing director of Beauregard GmbH. The owner, Andre Stoßhoff, also on trial, has already been convicted of tax evasion. The tax investigators suspect that Beauregard GmbH was part of a VAT carousel in which new companies were constantly being founded and goods moved back and forth.
Solution approach: FraudTracer
In the network, all companies and individuals mentioned in the report are tagged as “Hells Angels Mirror” and can be displayed by making a selection. With just a few clicks, prosecutors could obtain further valuable information, such as hidden connections between Asageno GmbH and the defendants.
Our algorithms identify companies with a high probability of fraud, allowing investigating authorities to detect potential tax fraud at an early stage. Comprehensive access to an updated database enables targeted investigations. Palturai offers an efficient solution to speed up complex investigations and gain valuable insights.
We would be happy to demonstrate the case described in a detailed demo.
