Author : Nick J. Maxwell
Publisher :
Page : 88 pages
File Size : 35,25 MB
Release : 2019
Category : Money laundering
ISBN :
Public–private financial information-sharing partnerships have changed the way in which economic crime and terrorist financing can be understood, analysed and addressed. These partnerships have demonstrated how law enforcement, regulatory and intelligence agencies and financial institutions can work collaboratively to analyse and disrupt shared threats, rather than acting in isolation. However, the role of partnerships is relatively small when considering the scale of financial crime threats against the operational tempo of the partnerships, or the recorded impact of partnerships as a proportion of total law enforcement effort against economic crime, or the membership of partnerships in proportion to the regulated sectors as a whole. Tactical-level partnerships generally deliver a specialist capability to advance high-end or particularly challenging cases. There is no ‘one size fits all’ in partnership development. Policymakers have new options and new capabilities and a range of challenges and opportunities to resolve. Jurisdictions have an opportunity to make a conscious determination of the appropriate role and capacity of partnerships to achieve their national AML/CTF strategies.