SICCFIN is currently strengthening the security of its computer system, which has the added impact of increasing its analysis capabilities, which will ultimately enable the professionals of the Place to send their suspicious transaction reports electronically.
As part of this project, the Monegasque Financial Intelligence Unit chose to retain and implement the strategic and operational analysis assistance software, goAML, designed and developed by Dr. Alain Nkoyock, project manager at United Nations Office on Drugs and Crime (UNODC).
The strengthening of SICCFIN’s computer system and the installation of goAML constitute a structuring project for this Service on which its agents have been involved for many months already. To this end, in 2018, a Monegasque delegation went on a study tour to Liechtenstein and to Luxembourg, a country whose FIUs already use goAML (see SICCFIN press release of 3 August 2018).
More recently, from January 15 to 17, 2019, the Director of SICCFIN, Mr. Philippe Boisbouvier accompanied by one of his collaborators, Miss Jenny Perrot, visited the UNODC headquarters in Vienna (Austria) to meet the creator and developer of the software and his team to learn about the latest developments that he has been equipped and prepare the next arrival of the trainers of this organisation in Monaco.
Next step, at the beginning of February, all SICCFIN agents will be trained for a full week to use this tool and to understand its many features.
A joint information meeting between SICCFIN and UNODC for the Principality’s banking institutions will be held on 7 February.
Representatives of the orders and professional associations of other professions subject to the law n ° 1.362, modified will also be invited although the access to the tool will be opened to them only in a second time.