Mr. Michael Cryan:

First, there can be duplication. The bank may report it and the victim may have already reported it themselves. The bank reports the money mule to a local station or to us. If it reports to us, that is assessed, triaged and sent out for investigation. As part of the investigation into the money mule, the victim will be contacted. It is not entirely necessary to have a victim to prosecute money laundering, although it certainly helps. Sometimes victims have been refunded, and if they have got their money back, they may not want the hassle of being involved in an investigation. What is reported by the banks, under section 19, is sent out to local stations, invariably for investigation. It relates mainly to the money laundering part of it and where the money ended up, and that is traced back to the victim where the money came from.