Combating Financial Crime through Data Sharing
The regulated sector for long has been highlighting that the SAR regime is not fit for purpose; it is simply not fit to foster holistic approach to risk and to counter money laundering as advocated by the regulators globally. The 5th AML Directive stresses that FIUs’ collaboration plays an important role in tracing cross border flows of money to illicit networks at an early stage but competences differ across Europe. The briefing highlights the potential challenges, pitfalls and opportunities from new information-sharing proposals; which national intelligence sharing schemes are working and why; how do we remove internal barriers; and where is this working.
Rita Eugenio, Head of the Financial Crime Practice, EY Portugal
Luis Sebastián Tovar Rodríguez, Director, Banco Santander
Gary Kalish, Senior Financial Crime Consultant, BAE Systems
João Melo, Diretor Nacional Adjunto UIF, Polícia Judiciária
Carlos Sarmento, Inspetor Chefe UIF, Polícia Judiciária