29 August 2022

Lessons in private-private financial information sharing to detect and disrupt crime

Most countries do not allow information sharing between financial institutions for ‘anti-money laundering’ (AML) purposes.
This undermines the ability to detect networks of money laundering that span across multiple financial institutions and contributes to duplication in how AML resources are deployed by financial institutions.

Authored by Nick Maxwell of FFIS (Future of Financial Intelligence Sharing), this paper, supported with funding contribution from the SWIFT Institute, surveys 15 international developments in forms of information sharing between private sector entities to detect economic crime risk, covering both fraud prevention and anti-money laundering (AML) domains of economic crime.

It draws out detailed reference information about ‘platforms’ for private-to-private sector financial information sharing from across the UK, the Netherlands, the United States, Singapore, Estonia, Switzerland and Australia.

Read the key findings
Read the full report

by Nick Maxwell

  • FFIS (The Future of Financial Intelligence Sharing)
  • Royal United Services Institute (RUSI)