Gibraltar Financial Intelligence Unit

Today marks the launch of our #ProjectNexus 2025 calendar! We kicked off with a training session for Moneycorp Bank, featuring case studies and an interactive workshop on red flags and report writing to generate actionable intelligence. Both in-person and virtual participants showed great enthusiasm as they explored techniques for detecting and identifying #moneylaundering, #terroristfinancing, and other criminal activities through suspicious transactions and activities. Thanks to Justine Gilder and Seamus Hayes for hosting us.

This week, we’re excited to welcome our newest team members from the newly created Intelligence Manager posts to the Financial Intelligence Support Officers. Their arrival marks a new step forward in improving our internal processes and managing financial intelligence. 2025 will be a defining year in achieving our broader objectives as part of our 3-year strategic plan. With fresh faces and fresh ideas, we’re ready to meet the challenges ahead and continue making progress in the fight against financial crime. #WelcomeToTheTeam #FinancialCrime #AML #CTF #CPF

OFSI recently issued updated High Value Dealers and Art Market Participants guidance, including on new reporting requirements which will come into effect on 14 May 2025. The guidance impacts a number of goods, including art, antiques, luxury cars, precious metals, gemstones, and investments in wines and whiskies to name a few. OFSI are hosting a webinar and Q&A session at 1pm on 16 January, followed by the same webinar but without a Q&A session on 23 January 2025. These will provide an overview of the updated guidance and reporting requirements.   To sign up to the webinar and live Q&A on 16th January, click here: https://lnkd.in/eujHDfeE   To sign up to the webinar without Q&A on 23rd January, click here: https://lnkd.in/eYQX4j_D

This week private and public sector professionals working in #AML #CFT attended a Sanctions Risk Seminar at the University of Gibraltar, delivered by Kharon, a data and technology firm that helps leading organisations identify a wide range of sanctions and compliance risks. Organised by the Gibraltar Financial Intelligence Unit and funded by the U.S. Department of State – Bureau of International Security and Non-Proliferation, the event provided valuable insights into #sanctions #compliance and proliferation investigations. The one-day event which was structured as a workshop, also highlighted the use of open-source intelligence (#OSINT) techniques to uncover sanctions evasion tactics and support investigations. Attendees explored case studies to better understand the complexities of sanctions legislation and frameworks, with a particular focus on #UK, #EU, and #US regulatory regimes. These case studies illustrated how OSINT tools can enhance due diligence, detect hidden connections, and identify enforcement opportunities in a rapidly evolving environment. Opening the event, the Minister for Justice, Nigel Feetham KC MP, stated: “Sanctions compliance is at the forefront of Gibraltar’s commitment to upholding international standards in combating financial crime. Events like this ensure that our professionals remain equipped with the knowledge and understand the tools and technologies available to navigate sanctions effectively. My Ministry is very grateful for the opportunity provided by Kharon specialists, the US State Department, and the #GFIU’s proactive approach in ensuring that Gibraltar’s finance centre is kept abreast of the latest sanctions developments.” Thanks to Freya Page and Alberto B. for a very engaging session!

Our #ProjectNexus engagement clinics for 2024 have officially wrapped up! We ended the year on a high note with justbank whose enthusiastic team brought thoughtful questions, making it a collaborative and interactive learning experience. We’re excited to continue building on this momentum in 2025, as we work to strengthen capacity-building efforts across all reporting sectors and enhance our collective fight against financial crime. #aml #cft #cpf

Think Twice: words matter to the victims of fraud INTERPOL is calling for a shift in language to combat online relationship and investment frauds, advocating for the term 'romance baiting' to replace the widely used but stigmatizing 'pig butchering'. ➡️🔗 https://lnkd.in/dEcm9UdG #ThinkTwice Foreign, Commonwealth and Development Office Japan - The Government of Japan

Big thanks to Minister for Justice Nigel Feetham KC MP for taking the time to visit our team. Your support and recognition is much appreciated as we continue to face the challenges of our work. The addition of new recruits to our staff complement has been a welcome boost to our capacity and we are confident they will make valuable contributions to achieve our objectives.

This week at the Europol HQ, the Gibraltar Financial Intelligence Unit attended the #EFIPPP 25th Plenary Meeting themed ‘Professional Enablers’, which brought together experts to discuss emerging threats and innovative solutions in the fight against financial crime. During the Money Mule Work Stream, we were able to showcase our two-pronged approach to raising awareness on money mule schemes, under #ProjectNexus outreach program, focusing on: 🧑🎓 Potential Victims – Educating vulnerable groups, such as university students (in collaboration with the Department of Education), about the risks and consequences of becoming unwitting participants in money laundering. 👤 AML Professionals – Providing industry professionals with the tools and insights to detect and disrupt these schemes effectively through our e-learning platform (e-Nexus). Initiatives like these are essential in combating money laundering and protecting both individuals and financial systems. Grateful for the opportunity to share our efforts and learn from insightful presentations in this space! #AML #CFT #EFIPPP #PublicPrivatePartnership #ProjectNexus #Awareness #Collaboration

We are delighted to welcome Mohammed El Yettefti, Ph.D, MBA, MICA as our Disability Coordinator, having successfully completed the training delivered by HM Government of Gibraltar, #MinistryofEquality. This was an eye-opening experience for Mohammed, providing invaluable insights into the mental and physical health challenges that can arise in the workplace, especially for those with disabilities. It’s crucial for us as a workplace to be supportive and prepared to meet these challenges with compassion and understanding. Together, we’re building an inclusive and supportive work environment for everyone.

OFSI issues advisory highlighting attempts to evade G7+ oil sanctions by disguising Russian oil and oil products as non-Russian. For more information, click here: https://lnkd.in/e3R3ryaY