INTELLIGENT DATA MANAGEMENT FOR TAX INVESTIGATION SPECIALISTS
Tax and finance investigators require state-of-the-art IT tools for identifying the often globally active criminal. Tax havens, illicit or unreported income, cum-ex transactions or money laundering: The free exchange of goods and capital around the world increases the complexity of the experts’ spectrum of tasks. A software system to support tax investigation must be able to automatically detect relationships between individual offences, and to visualise them in a complete network of relationships. Only in this way can criminal activities in the areas of goods and finance flows be detected at all. This is a case of intelligent and modern data management, which provides the experts time for information gathering, analysis and documentation.
THE CHALLENGE TODAY
Checking and exchanging facts using multiple sources
Data analysis and securing information that can be used in court are routine tasks of the day-to-day work. A tax investigator often has to use dozens of data sources, and integration of these is not a problem. rsTAX offers case management and networking of investigations, departments and tax investigators, and if desired also with other investigation authorities within individual federal states, at the federal level or within the European Union.
With rsTAX, tax investigators collect findings from investigations, efficiently and easily. They can just as easily import data from a wide range of different sources, or mass data, and manage all of the information acquired in conjunction with a case. An array of different data retrieval mechanisms is available. The rsTAX software supports the expert starting with the entry of relevant information and its consolidation in an information space, via the processing of the data and linking it with already available knowledge, through to analysis and evaluation, and presentation of the results, all in a single system that is networked with others.
Detecting suspicious patterns in a flood of data
A tax investigator has to clearly separate the wheat from the chaff, and in a short time filter suspicious patterns from a flood of numbers and investigate missing links. Only in this way can the pursuit of tax and finance offences, and recovery of unpaid taxes, be successful. rsTAX supports the detection and simple presentation of patterns.
A FUTURE-PROOF SOLUTION
Correlation is the key
rsTAX aggregates data, bundles information, and uses the collective knowledge of tax specialists in documented cases. Data pools can be statistically analysed, and results presented graphically, all at the press of a button. Correlation is the key. Visualisation of the results drags relationship networks out of the flood of data to the surface, and hotspots become visible.
Automatic information gathering
In a financial authority, on a daily basis dozens of specialists combat an extremely wide range of fraud methods that require investigation. Classic systems never completely cover this wide range of tasks. With automatic text analysis functions in combination with rsTAX, the tax investigator receives a powerful tool from rola, for example for fully automatic extraction of relevant data, such as names of persons, tax numbers, security identification numbers, mail addresses, IBANs or telephone numbers, from truckloads of confiscated folders and files.
Tax evasion, money laundering, VAT carousel fraud, and many other offences: the range of tasks carried out by tax and finance investigators expands in line with the increasing networking of society. Large amounts of data are the norm, and to be able to expediently extract information from them they must be classified and managed. In conjunction with the increase in the amounts of data involved, a requirement exists to combine data analytics methods with artificial intelligence. This is an innovation field in which rola is concentrating its research. The major cases are often hidden from the tax investigator in data pools, and often only deep analysis, searching for patterns or the modus operandi provide the promising and decisive lead in a case.
High data protection standards
Data are the tax investigators’ raw materials, and play a significant role in investigative work. Only aggregation of the widest range of sources, in combination with statistical methods, generates good results which must be protected at all costs. rsTAX provides powerful mechanisms for this purpose, in compliance with the strict German and European data protection requirements. In combination with the data protection laws of the individual federal states, this results in a globally unique level of protection, down to the individual record. Precise rights and role assignments protect against unauthorised access. The automatic logging function in the background creates transparency in respect of each work step on the investigation data. Only in this way can the data ownership comply with statutory and data protection regulations, to protect the data against misuse by third parties.
THE BASIS OF ALL PRODUCTS
As the core element of the solution, rsFrame is always available in the background. Only with this combination of components does the software system exploit its full strengths: not merely the data consolidation but also the direct provision for other systems. The active data exchange and fast analyses are the decisive features.