DEOS Has Started Working: The New Force of AADE with Access to Everything
A new financial control agency, DEOS, has been established in Greece to combat various forms of economic crime, including smuggling and money laundering.
The General Division of Economic Transaction Control Forces, known as DEOS, has recently begun operations as part of the Independent Authority for Public Revenue (AADE) in Greece. This new agency is a result of the complete integration of the former financial crime unit, SDOE, and aims to tackle numerous forms of economic crime. Its primary focus includes fighting smuggling, tax evasion, and the movement of illegal funds. DEOS also targets drug trafficking and illegal arms trade, with an emphasis on protecting Greece's cultural heritage by fighting the illicit trade of antiquities and artworks.
In addition to these critical missions, DEOS is tasked with monitoring unlawful employment and broader violations of labor laws, ensuring compliance within the workforce. The agency has extensive access to various databases to gather information about suspicious financial transactions, allowing it to conduct thorough investigations. Sources of information include tax data, social security records, and other financial institutions, equipping DEOS with the necessary tools to effectively address economic crimes in Greece.
The establishment of DEOS reflects Greece's commitment to enhancing its financial oversight and regulatory frameworks. With the power to intervene in various sectors, this agency is expected to bolster the government's efforts to secure public revenues and protect the economy from illegal activities. The launch of DEOS is significant for both national economic stability and the broader effort to uphold law and order in financial transactions across the country.