The “NEXT Generation platform for Detecting, Preventing and Countering Money Laundering and the Financing of Terrorism”
Countering Money Laundering and the Financing of Terrorism
UN Secretary-General António Guterres - 28 Juin 2021
UN Security Council resolution 2462 (2019) affirms that “terrorism in all its forms and manifestations constitutes one of the most serious threats to international peace and security and that any acts of terrorism are criminal.” The resolution stresses that the primary responsibility of Member States is to counter terrorist acts, ratify, accede and become party to the international counter-terrorism conventions and protocols.
UN Security Council resolution 2482 (2019) encourages Member States "to collect relevant information and to further identify, analyze and counter any existing, growing or potential links, in some cases, between organized crime, whether domestic or transnational, [and] illicit drug-related activities, money-laundering and the financing of terrorism, in order to enhance criminal justice responses to those crimes ..."
In the context of the 2030 Agenda for Sustainable Development and Sustainable Development Goal 16, Member States have committed to build stronger institutions that are well equipped to address the intertwined challenges of terrorism financing and money laundering. Emerging technologies are instrumental in addressing complex data collection, analysis and dissemination challenges.
In close collaboration with UN Secretariat substantive units and UCs, the OICT has been engaged in developing sustainable and affordable IT solutions and making these solutions available to key government institutions for use in their jurisdictions and to strenghten their capacity to serve their citzens better.
What is goFintel?
The United Nations Office of Counter-Terrorism (UNOCT) leads and coordinates an all-of-UN approach to prevent and counter terrorism and violent extremism. As part of UNOCT, the United Nations Counter-Terrorism Centre (UNCCT) was established to promote international counter-terrorism cooperation and to support Member States in countering terrorism.
go Fintel (government office financial intelligence) is being developed within the framework of the "UNOCT-UNCCT Global coordinated programme on detecting, preventing and countering the financing of terrorism" with the aim of addressing challenges highlighted by UN Security Council Resolution 2462 and SDG 16 (in particular SDG 16.A).
Recognizing money laundering and terrorism financing activities are proceeds of crime, goFintel will aim to offer insight on past financial activity to detect intelligence patterns. Other multi-layered capabilities embedded within the software reduce time spent on manual identification of trends, networks and patterns.
The goal is to enhance the capabilities of Member States to collect, use, retain, and transfer tactical and strategic intelligence by employing emerging technologies (artificial intelligence, machine learning and blockchain analysis), while remaining in compliance with international and regional standards, including FATF, EU AML Directives, Interpol and Europol.
goFintel provides Member States User Communities with an ICT software solution leveraging emerging technologies that can adapt and respond to their evolving business and technology requirements built on industry’s best practices.
goFintel enhances intelligence capabilities of Member States by strengthening their ability to collect, use, retain, and transfer tactical and strategic intelligence, while remaining in compliance with international and regional standards (examples: the Financial Action Task Force (FATF), INTERPOL) as well as human rights standards and privacy legislation.
Key elements of in the goFintel scope are:
Compliance (AML/CFT regimes, FATF recommendations and typologies, UN Security Council Resolutions, etc.).
Operational, Tactical and Strategic Analysis
Case and Investigation Management
"OICT is a strong supporter of the “All of UN” approach that substantive departments like UNOCT, CTED, UNODC, Interpol and others have been advocating"
OICT's engagement with the establishment of goFintel is in line with UN efforts to re-use, share and ensure long-term sustainability of UN capacity-building efforts for its Member States.
Partners such as UNOCT, UNCCT and the Counter-Terrorism Committee Executive Directorate (CTED) are directly engaged in the UNOCT-UNCCT Global coordinated programme on detecting, preventing money laundering and countering the financing of terrorism. They are committed to ensuring strong control and governance mechanisms in the establishment of goFintel. Other UN entities are engaging in this effort as well.
"OICT has long recognized the power of inclusive partnerships and collaboration with - non-UN - stakeholders in the planning and implementation of technology adoption. One of OICT strategic goals is to #MakeTechInclusive"
The UNOCT-UNCCT programme is also closely engaging with other key partners, including entities with key global mandates on combating money laundering and the financing of terrorism. This engagment will extend and reinforce the injection of substantive expertise required for the development of goFintel. goFintel rests on the subdstantive expertise and guidance provided by National Governments Financial Intelligence Units (FIUs), donors, the FATF, the Egmont Group of FIUs, Interpol, Europol, and other entities.
OICT has identified donor countries that have expressed interest in pooling and earmarking funds and other in-kind resources (travel costs for technical seminars and consultations, office space for development team, testing team and community events, etc.) to efficiently and effectively implement the goFintel solution “once” for all requesting Member States to use.
"OICT has been engaging with academia and private sector to elicit resources for the development and implementation of goFintel"
“government office Financial Intelligence”
goFintel innovative strategic analsyis platform seeks to shift away from a siloed approach to intelligence and expand terrorism financing investigation capabilities to access information from multiple diversified data sources. This approach enables Financial Intelligence Units (FIU) to rely on secure architecture for advanced information sharing, data transmission and retention, and cross-functional operational capabilities with multiple stakeholders (e.g., law enforcement, judiciary, etc.) for parallel investigations, exploiting associated “non-financial” information and examining terrorist links to other criminal activities.