The EU Global Facility project is pleased to welcome the very first meeting of its Senior Advisory Group on Monday 15 and Tuesday 16 May 2023 in its headquarters of Brussels.
Established to provide the project’s team with advice and insights on strategic AML/CFT orientations and to foster forward-looking discussions on potential new areas of high-level technical assistance, the Group is composed of 11 members, allowing for a diverse representation of EU Member States and partner countries, namely Belgium 🇧🇪, Czech Republic 🇨🇿, Denmark 🇩🇰, France 🇫🇷, Germany 🇩🇪, India 🇮🇳 , Italy 🇮🇹, Lithuania 🇱🇹, Poland 🇵🇱 and Spain 🇪🇸.
High-level representatives of these countries with backgrounds relevant to the AML/CFT sphere such as financial intelligence, law enforcement, justice, EU public administration, the private sector and the academia, spent these two days discussing the work conducted by the EU Global Facility since its creation back in 2017.
They also exchanged on the relevance of the topics foreseen for future activities. Ultimately, the Senior Advisory Group shall provide substantive inputs on how to increase the efficiency of the EU Global Facility in assisting states (i) to comply with the international standards on AML/CFT and; (ii) to support the national Financial Intelligence Units, judiciary and law enforcement agencies to implement the international instruments’ provisions as well as the Financial Action Task Force (FATF) Recommendations.
On the second day, participants discussed the EU response on AML/CFT, through a review of the European Commission’s Architecture on AML/CFT Technical Assistance and the perspectives ahead.
Moderated by de Kerchove Gilles , the discussions also covered the new EU AML Package (https://lnkd.in/eYZavjGZ), shedding a specific light on the creation of the AMLA and on the evolution of the listing process for high-risk third countries.
“The AMLA was thought through in very close collaboration with national Financial Intelligence Units, as it is not destined to replace these national layers. It will rather serve as the centre of an integrated system composed of the AMLA and the national authorities with an AML/CFT supervisory mandate,” said a representative of the European Commission, stressing that it would also help in bolstering cooperation among national FIUs.
This project is funded by the European Union.