Transcript Training Seminar for New FIUs

Role of the Financial
Intelligence Unit
31 August 2012
Simon Goddard
MOLI SERBIA
Requirements for the FIU
 Challenges to the FIU
 Type of data to be gathered and analyzed
 Different analytical tools
 Preparation of the product
 Funding and sustainability of the FIU
budget
Egmont Group
 A central, national agency responsible for receiving,
(and as permitted, requesting), analysing and
disseminating to the competent authorities,
disclosures of financial information:
(i) concerning suspected proceeds of crime
and potential financing of terrorism, or
(ii) required by national legislation or
regulation,
in order to combat money laundering and terrorism
financing.
Egmont Group
 Expanding and systematizing international cooperation in the
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reciprocal exchange of information;
Increasing the effectiveness of FIUs by offering training and
promoting personnel exchanges to improve the expertise and
capabilities of personnel employed by FIUs;
Fostering better and secure communication among FIUs through the
application of technology, such as the Egmont Secure Web (ESW);
Fostering increased coordination and support among the operational
divisions of member FIUs;
Promoting the operational autonomy of FIUs; and
Promoting the establishment of FIUs in conjunction with jurisdictions
with an AML/CFT program in place, or in areas with a program in the
early stages of development
Egmont Group
Working Groups
 Legal
 Outreach
 Operational
 Training
 IT
Challenges
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No set formula and is country specific
Structure / importance of financial crime
Government objectives
Available resources
Legal & administrative framework
Challenges
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Change
Establish credentials
Relationships - national and international
Evolvement of business area
Evolvement of criminal behaviour
Legal obstacles to information sharing
Challenges
Corruption
 Parliament
 Law enforcement agencies
 Prosecutors
 Judiciary
Reports
 Numbers
 Type
 Manual [Paper]
 IT
 Planning
Data to be gathered
Tactical
FIU Core function
Receiving:
Suspicious transaction / activity reports
Cash Transaction Reports
Large Value Transaction Reports
Cross Border Transaction Reports
Data to be gathered
FIU Core function
 Analyzing STRs (and other available
information)
 Disseminating financial intelligence to
appropriate authorities
Data to be gathered
Strategic
 Typologies
 Trends
 Statistics
 Depository for AML/CFT expertise and
information
Analytical Tools
 Brain
 Technology
 Mix of two
Preparation of a product
 Duty to send to relevant authorities
 On request or unilaterally
 In accordance with local legislation
 Timely
 Appropriate
 Wanted
Preparation of a product
 National / organisational priorities
 Intelligence requirements
 Cooperation /coordination between
agencies
 Clear strategy
 Training
FIU Budget
 Problem
 Questions?
 Thank you