Many financial institutions in African countries have deficiencies in their capability to perform strategic analysis as it relates to money laundering, financing of terrorism and proliferation of weapons of mass destruction.
There is a critical need for strategic analysis on suspicious transaction reports and other information relevant to money laundering, associated predicate offences and terrorist financing. This can be undertaken by Financial Intelligence Units (FIUs).
Against this backdrop, AGA-Africa collaborated with the Financial Intelligence Centre of South Africa (FIC) to host an informative webinar dubbed “Producing Strategic Intelligence” on 13th October, 2021.
The webinar was aimed at providing a platform for the participants to share and exchange knowledge on strategic analysis on suspected Covid-19 related financial crimes and to produce valuable typologies, trends, patterns and indicators. These will assist financial institutions in improving their reporting of suspicious transactions and law enforcement agencies in the investigation and prosecution of these crimes.
The webinar was officially opened by Markus Green Esq, AGA-Africa Board Member followed by brief remarks from Adv Xolisile Khanyile, Director of Financial Intelligence Centre of South Africa and Pieter Alberts, Monitoring and Analysis Department at Financial Intelligence Centre of South Africa.
The webinar session was facilitated by subject matter expert Celeste Van der Westhuizen, Senior Strategic Intelligence Analyst Financial Intelligence Centre of South Africa followed thereafter by a panel discussion featuring Juan Zarate, Chairman and Cofounder Financial Integrity Network and moderated by Jamil Jaffer, Founder & Executive Director, National Security Institute; Director, National Security Law &Policy Program; Assistant Professor of Law.
The training was brought to a close by AGA-Africa Representative Norma Tyili on behalf of Kim Robinson, AGA-Africa Country Representative, South Africa.