... of the financial intelligence exchange mechanisms between the Bangladesh Financial Intelligence Unit (BFIU) and its foreign counterparts. The research analyses the key challenges this national agency faces in using the Egmont Group membership to import financial intelligence from jurisdictions with a superior data...

... makers and the broader public who merit an understanding of how their financial behaviour is being surveilled. Financial Intelligence Unit Encircling secrecy Financial surveillance Privacy and proportionality There’s a story behind every criminally-gained euro. A story that a banknote...

...Nasir Sultan; Norazida Mohamed Purpose This study aims to determine the performance of the Pakistani financial intelligence unit in combating money laundering/terrorist financing in local and global contexts. Design/methodology/approach The study used a qualitative research design...

...Oleg Reznik; Maryna Utkina; Olha Bondarenko Purpose The purpose of the article is to analyze the notion of “financial intelligence (monitoring)” in the system of combating money laundering and compare foreign financial intelligence units. Money laundering poses a systemic risk to the financial...

...Jeffrey R. Simser Purpose International bodies, such as the Financial Action Task Force , have mandated the use of financial intelligence units (FIU) to address organized crime and money laundering. The purpose of this paper is to examine Canada’s FIU, the Financial Transactions and Reports...

...Shirin Sultana © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only The purpose of this paper is to examine the effectiveness of the Financial Intelligence Unit (FIU) of Bangladesh and India in efforts of combating money laundering...

... and available for access to the regulatory authority, law enforcement agencies and the country’s Financial Intelligence Unit (FIU). United Arab Emirates (UAE) Dubai Anti money laundering (AML) Countering financing of terrorism (CFT) Financial intelligence unit The Gulf Cooperation Council (GCC...

... is the financial intelligence unit (FIU) vested with powers to receive and analyse information for purposes of determining commission of money laundering and/or its predicate offences and to transmit such information to the relevant authorities and agencies to enable them to take legal action against suspected...

...; this is demonstrated in the shocking revelations of “Panama and Paradise Papers” where financial intelligence units (FIUs) of many nations failed to detect the secret transfer of money to offshore financial centres (OFCs), including the Nigeria FIU that failed to detect, or if detected, failed to prevent suspicious...

... funds being used for terrorist activities (FATF, 2008 , pp. 52-53). The same set of recommendations added the need for a Financial Intelligence Unit that can monitor and update AML/CTF regulations regularly, and facilitate the coordination between all relevant authorities for swift freezing and seizing...

...Clifford Williams Purpose – The purpose of this paper is to explain that the commonly used method allowing for inter-agency cooperation between national financial intelligence units, the memorandum of understanding, is inadequate and ineffective in creating a cooperative global financial...