Financial Crime World

FIAU Strategy Focuses on Strengthening International Cooperation and Intelligence Sharing

The Financial Intelligence Analysis Unit (FIAU) has announced a new strategy aimed at enhancing international cooperation and intelligence sharing with other competent authorities. The third pillar of the FIAU’s strategy, “Effective International Engagement,” focuses on strengthening international relationships to combat cross-border money laundering and terrorist financing.

Enhancing International Cooperation

The FIAU aims to improve its contribution in the international field by participating in various projects, evaluations, and initiatives. This includes:

  • Active participation in international forums such as MONEYVAL, EGMONT, EU FIUs Platform, EU Commission, and EBA meetings.
  • Collaboration with other competent authorities to share knowledge, expertise, and best practices.

Sharing Intelligence and Best Practices

The FIAU plans to strengthen its participation in Supervisory Colleges of European Supervisory Authorities and engage with foreign counterparts to:

  • Share experiences and expertise
  • Request and obtain assistance and intelligence from these authorities
  • Provide timely and useful information to counterpart financial intelligence units (FIUs) and foreign law enforcement agencies.

FIAU Officials’ Engagement

The FIAU aims to boost international engagement by:

  • Sharing operational experiences and best practices with other FIUs, supervisory authorities, and policy bodies
  • Identifying opportunities to establish itself as a relevant actor in the global fight against money laundering and terrorist financing

Employee Engagement

The FIAU’s strategy also focuses on enhancing employee engagement through:

  • An FIAU-wide master program that strengthens communication, coordination, and delivery of cross-sectional operations and initiatives
  • Eliminating organizational and operational silos to result in increased efficiency and effectiveness.

Enabling the FIAU

Finally, the FIAU’s strategy emphasizes the importance of enabling the organization through:

  • Right policies, human resources, expertise, systems, and technology
  • Efficient and effective training and development for staff to ensure they are knowledgeable, skilled, and committed to meet the FIAU’s objectives.

The new strategy is expected to enhance the FIAU’s ability to combat cross-border money laundering and terrorist financing, while also improving its internal communication and coordination.