[[{“value”:”Very pleased to report that a key message coming out of the #NoMoneyForTerror Ministerial Conference, in advance of the Munich Security Conference, was the need to bring supervisory bodies to the table to address our critical threat finance challenges collectively. Until examiners, the private sector, and the national FIUs come together to align on our priorities and incentivize and enforce those priorities, much of the most valuable work produced by financial institutions in providing valuable leads to law enforcement – while assuming the risk in responsibly addressing the unbanked – will continue to be underappreciated. As I said in my expert panel along with Elisa de Anda Madrazo of the Financial Action Task Force (FATF), Carolin Gardner of the European Banking Authority (EBA), and Lia van Broekhoven of the Human Security Collective, the mistake here is to blame the examiner for being “out of touch.” It is on us, as a collective, to ensure that examiners are more than a “part” of the conversation but rather a partner in the solution, and from the beginning. Thank you to Elisa de Anda Madrazo for carrying that message forward to the ministers, which she did with great enthusiasm this afternoon.
The only way forward here is collective action. That is the legacy of The Wolfsberg Group as we move into our 25th anniversary, and that is the spirit that we will continue to carry forward.”}]] Read More