On 16th November 2023, the Financial Action Task Force (FATF) published a detailed report of the role and impact of Asset Recovery Interagency Networks (ARINs)

The Financial Action Task Force (FATF) has published a report in October 2023 which discusses the significant international market of crowdfunding, its growth, and its potential for exploitation by terrorist actors. Crowdfunding is an innovative fundraising solution used for legitimate projects but can be abused for terrorist financing. The FATF conducted research showing that terrorist groups like ISIL, Al-Qaeda, and ethnically/racially motivated terrorists use crowdfunding to raise funds for their activities

As evidenced in the mutual evaluation findings of the FSRBs, Sub Sahara African countries scored lower-level effectiveness in the field of AML/CFT/CPF. As of 24th February 2023, among the 23 jurisdictions under FATF’s increased monitoring (commonly known as grey list), 10 (about 43.48%) were African countries and 7 (30.43%) are from the ESCAY (Eastern, Central and Southern Africa and Yemen) region

The goAML International User Group Meeting was held in Vienna from Monday 23 October to Wednesday 25 October 2023

The Financial Intelligence Unit of Mauritius hosted a study visit from the Central Asset Recovery Office of Mozambique. The purpose of this visit was to facilitate the exchange of knowledge and best practices in the field of asset recovery and confiscation systems, as well as report writing and investigation processes. The study tour proved to be highly productive, fostering a fruitful collaboration between the two organizations.

The Asset Recovery Inter Agency Network of Southern Africa (ARINSA) was hosted by the Financial Intelligence Unit (FIU) from 9th to 13th of October 2023. The conference has been instrumental in shedding light on the crucial topic of asset recovery investigation and the role of financial intelligence units in combating financial crimes.

FIU officers attended a working session on ’Financial Intelligence Analysis’ in Johannesburg, South Africa from 20-24 February 2023.

A regional training course on asset recovery and confiscation was attended by members of the Financial Intelligence Unit (FIU) and the Asset Recovery Investigation Division (ARID). The training session took place from 29 May to 5 June 2023, in Lusaka, Zambia.

Lyon, 20 September 2023 – The second global roundtable in FATF-INTERPOL’s joint initiative to improve global asset recovery and combat financial crime concluded today.

Over 200 law enforcement, prosecutors, asset recovery, policy and regulatory experts, from both the public and private sectors, attended the two-day FATF-INTERPOL Roundtable Engagement (FIRE 2) to discuss asset recovery issues and practical solutions to deprive criminals of their illicit assets and contribute to a safer society.