Partners against crime: The role of public-private partnerships, big data and the sharing economy

CL3_CR2 2018-10-23T15:30:00.000Z

roomCode
CL3_CR2
Room
Conference Room 2
Date
-
James Freis
Chief Compliance Officer
Deutsche Börse AG
Paula Chadderton
International Counter-Terrorism Assistant Director
Australian Department of Home Affairs’ Centre for Counter-Terrorism Coordination
Simon Norton
Analyst, Strategic Policing and Law Enforcement Program
Australian Strategic Policy Institute (ASPI)
Guy Boyd
Head of Financial Crime & Group Money Laundering Reporting Officer
Australia and New Zealand Banking Group (ANZ)
Kavita Maharaj
Sibos Moderator

In a quest to identify and disrupt financial crime, there has been an upsurge in forging public-private partnerships (PPPs) between law enforcement and financial institutions - as no single party can accomplish this alone. That is why it’s imperative that public and private sector organisation work with each other to exchange data, harness their expertise and share information across borders.
Can this model increase efficiency as well as effectiveness, for example by enabling banks to create better SARs through law enforcement feedback? And have we seen any effectiveness indicators so far? Can we expect the model to grow, and become multi-jurisdictional? And what are the risks linked to data privacy and personal liberty?
This session examines Australia’s Fintel Alliance, a PPP led by the Australia’s financial intelligence unit (AUSTRAC) involving 18 public and private organisations. The Fintel Alliance is considered ambitious in terms of its participants and its projects. This session will highlight what other jurisdictions can learn from the experiences of the Fintel Alliance model in developing their own PPPs to identify and disrupt financial crime and terrorism financing.

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