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The Financial Intelligence and Investigation Bureau (FIIB) hosted its first-ever international webinar on combatting financial crime on December 4 which features discussions on two major themes which were unleashing the power of technology in combatting financial crime and enhancing public-private partnership in tackling financial crime.
The webinar attracted participants from 197 financial intelligence units and law enforcement agencies from 65 jurisdictions around the world, with Vice-Chair of the Egmont Group
Mr Daniel Thelesklaf and Co-Chair of Evaluation and Compliance Working Group of the Financial Action Task Force cum Head of Anti-Money Laundering & Financial Crime Risk of the Hong Kong Monetary Authority Mr Stewart McGlynn invited as moderators for the thematic discussion sessions.
Chief Superintendent of FIIB Cheng Lai-ki stressed in her speech that with a view to combatting money laundering and terrorist financing more effectively, public and private organisations must keep enhancing cooperation, and leverage technology to realise real-time collaborations. During the thematic discussion sessions, participants explored leveraging technology and big data to enhance the efficiency of financial intelligence exchange and analysis and enhancing public-private partnership across institutions and jurisdictions.
This event provided a valuable exchange platform for financial intelligence units and law enforcement agencies around the world to learn from each other, share experiences and collectively address the new challenges posed by financial crimes.
