Regulation Asia: FFIS Report On Growth Of PPP In Tackling Financial Crime

Aug 19, 2020

Regulation Asia reports on the new FFIS (Future of Financial Intelligence Sharing) report with Oliver Wyman as its lead sponsor.

Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.

The concept of intensive cooperation between public agencies and private financial institutions to detect crime has moved from an outlying innovation to become a mainstream component of how advanced liberal democracies tackle financial crime, FFIS says.

Such partnerships can support the sharing of tactical information, to enhance ongoing law enforcement investigations, and, at a strategic level, can enable the exchange of insights relating to financial crime threats and risks.

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