Financial Crime World

CTIF-CFI in the Spotlight: Belgian Authority on Financial Crimes Processes Record Number of Reports

CTIF-CFI, the Financial Intelligence Processing Unit in Belgium, continues to be a critical player in combating financial crimes. Based in Brussels, the independent administrative authority handles suspect financial transactions linked to money laundering and terrorism financing.

Contact Information

Role and Responsibilities

In accordance with Belgian law, relevant institutions and individuals are mandated to report any suspicious financial activity. CTIF-CFI, led by Magistrate Philippe de Koster, is tasked with examining these reports and conducting thorough analyses. The unit comprises legal and financial experts and a senior police officer, striving to prevent the misuse of financial resources for unlawful activities.

Supervision and Commitment

CTIF-CFI is under the joint supervision of the Ministers of Justice and Finance and plays a key role in Belgium’s efforts to combat financial crimes. The unit has demonstrated a commitment to ensuring financial security within the country and across borders.

Record Number of Cases

With more institutions and individuals heeding the call to report potential financial crimes, CTIF-CFI is currently processing a record number of cases this year. Prepared for this challenge, the unit continues to collaborate with international partners, working together to create a safer financial environment for everyone.

Collaboration and Partnerships

CTIF-CFI collaborates with international partners to effectively address financial crimes:

  • International Partnership: Working together with international counterparts for a safer financial environment.
  • Information Sharing: Sharing financial intelligence to foster cooperation and prevent financial crimes.
  • Joint Initiatives: Participating in joint initiatives to tackle financial crimes and promote transparency and accountability.