Iceland has appointed a team of investigators that seeks out fraud and sends the perpetrators to court.
Theirs is a double burden: "On one hand, we have to investigate all suspicion of fraud and offences committed before 2009, on the other hand, we bring the lawsuits against the suspects to court ourselves," Hauksson explains. This is a "totally new" method which allows the investigators to "follow the case" and the judicial system to "know the cases like the back of their hand". This is indispensable in order "to compete with the well-prepared defence attorneys".
To ease the prosecutor's job, the government modified the laws on banking secrecy. "Today, we have access to all information with no objections possible," claims Olafur Hauksson. Suspected bank fraud, swindles, professional identity theft, misuse of funds, the types of investigations are wide-ranging and the three – soon to be four – interview rooms are never empty. The prosecutor says he is currently working on "a hundred priority cases".
Hang 'em Iceland!!!