Faithin Omaha eBook Collection

Download or read book Expanding the Capability of Financial Information-sharing Partnerships written by Nick J. Maxwell and published by . This book was released on 2019 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.