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7th April 2021, 18:11

GFIU restructure follows on from Moneyval recommendations; first annual report published

The Financial Intelligence Unit has undergone a restructure, taking on a permanent team of civil financial intelligence officers while maintaining links with the police and with Customs.This has been one of the results of the implementation of recommendations by the Council of Europe monitoring body Moneyval, which assesses the systems by which jurisdictions tackle money laundering and the financing of terrorism.The GFIU recently published its first annual report, which included a detailed analysis of suspicious activity reports received over the last few years.

GBC reporter Christina Cortes spoke to the GFIU's Director, Edgar Lopez.