Europol publishes new EFIPPP Practical Guide

The guide covers the benefits and added value of cooperative mechanisms, such as an Informed investigative approach, enhanced quality of the financial institutions’ reporting of suspicious activities and cross-border picture of financial flows.

The guide outlines 3 different scenarios for collaboration between authorities and institutions: 

➡️ As an umbrella term to describe diverse forms of working together;

➡️ On the initiative of investigative authorities such as identifying leads using FIs’ specialist skills; and

➡️ On the initiative of financial institutions such as engaging with authorities to improve strategic risk management processes.

✅ Financial Institutions can review the guide to gain insights into effective collaboration with investigative authorities, helping to enhance risk management, improve reporting quality, and strengthen financial crime detection.