QFIU employees participated in the training session on “Information Sharing between Financial Intelligence Units, Supervisory Authorities and Law Enforcement Authorities,” via video conference, which was organized by the Middle East and North Africa Financial Action Task Force (MENAFATF) in cooperation with the Egmont Center for FIU Excellence and Leadership (ECOFEL).
The session aimed at understanding the relationship between FIUs, law enforcement and supervisory authorities to enhance the effectiveness of the combating system against illicit financing. Related international standards were also reviewed, including FATF Recommendation 2 and its interpretative note, recommendations 27,29 and 30, in addition to the Egmont Group charter and statement of purpose, by virtue of which all FIU members acknowledge the important role of international organizations and the various other national government agencies.
The session also tackled the importance of separating the roles of the concerned authorities in the combating system, provided that the flow of information should be dynamic, and their work should be interlinked and strategically oriented.
The participants, such as the Dutch and other regional counterparts, shared their successful cases and experience in this field. Basic experiences were also exchanged reaching the main objective of the training session.
