The FIU's team leader, Richard Mallet, has been attending the 25th Plenary of the European Financial Intelligence Public-Private Partnership (EFIPPP) this week in The Hague.
EFIPPP unites public and private sector participants to address financial crime collaboratively. In this session, the emphasis was on professional enablers. The discussion centred on how lawyers, real estate agents, and other service providers can facilitate Money Laundering (ML), sanction evasion, and hashtag#corruption, ranging from the misuse of their services to the concept of Crime-As-A-Service (CAAS). A key takeaway was the necessity for continuous risk dialogue with the industries involved.
This is an area where FIU Jersey continues to focus on and grow with our own PPP, the Jersey Financial Intelligence Network (JFIN). We will be looking to expand our membership and sector-specific sub-fins aligned to our National Risk Assessment (NRAs) in 2025. As well as the central theme of the Plenary, Richard also engaged with specific Working Groups looking at illegal wildlife trade, sanction circumvention, money mules.