Law enforcement agencies around the world, regardless of their development and size, have been incorporating different digital tools and technologies to assist their daily work to detect and disrupt illicit financial flows.
In May 2022, the FATF completed work that explores how law enforcement agencies can use technology, including advance analytics, to successfully investigate money laundering and terrorist financing, mitigate the risks of these crimes, and share information within the public sector and with the private sector in a secure manner.
The full confidential report is available to public authorities, in particular law enforcement agencies. Operational agencies may get in touch with their domestic AML/CFT coordinating agency for access to the report.
As part of this project, the FATF published a public summary of key strategic questions that law enforcement agencies should be asking before embarking on their journeys of digital transformation. This summary also includes legal, ethical and other strategic considerations that need to be taken into account in an effective digital strategy.
This work complements the Phase 1 report on Digital Transformation of AML/CFT for Operational Agencies that focuses on detection of suspicious activities and analysis of financial intelligence and was completed in October 2021.
June 8, 2022 Published by The Financial Action Task Force.