We noticed that our communication in these letters has become more diverse and that the name ”newsletter” no longer aligns with the product. We also noticed that there was some confusion as to how a newsletter should be interpreted. Therefore, we now work with three categories of FIU-notices:

FIU-Alert

An FIU-Alert contains red flags and indicators that emerged from our analyses and are substantiated by intelligence, security, investigation services or other reliable sources. They are therefore tools that directly support the work of the gatekeeper and allow you to improve your risk management. They are also shared with the AMLC/CFT supervisors for their supervisory task and with the intelligence, security and investigation services for information purposes.

FIU-Instruction

An FIU-Instruction contains information on how to report. For example, a reported unusual transaction based on the subjective indicator must always contain a description on why it is unusual. These instructions are aimed at increasing the clarity and data quality of the reports, enabling us as a chain to get even more value out of financial intelligence.

FIU-Knowledge Update

The FIU-Knowledge Update contains insights that come from our own analyses and/or collaborations, but which have not yet been substantiated by, for example, an investigative agency. They are hypotheses of which we believe are important to share with the obliged entities, to help them in their role as gatekeeper. To give an example, new phenomena that have come to light after thorough analysis, possibly within a specific collaboration or targeted project. It can take a long time for such phenomena to be substantiated by the criminal justice system. Therefore we sometimes choose, in consultation with our partners and if circumstances allow, to already share these hypotheses. This might help the AML/CFT-chain in safeguarding the integrity of the financial system as quickly and effectively as possible.  The FIU-Knowledge Update is shared for information purposes with the AML/CFT-supervisors and the intelligence, security and investigation services.

Finally, there is a specific type of a FIU-Knowledge Update: the FIU- Knowledge Quarterly Update. In this one we will share a selection of national and international reports published during the past quarter that are relevant for the AML/CFT-domain. These include, for example, public documents from the Egmont Group or the Financial Action Task Force. These will also all be available in our growing knowledge database. In this way, we try to meet the desire to bring this information together in one place as much as possible.