THE Financial Intelligence and Enforcement Unit, Autoriti Monetari Brunei Darussalam (AMBD) as Secretariat to the National Anti-Money Laundering and Combating the Financing of Terrorism Committee (NAMLC) recently conducted courses on financial investigation and cross-border control of cash and bearer negotiable instruments from November 3-8 and November 10-13 respectively, at the Times Hotel, Jalan Berakas.
The course on financial investigation provided an opportunity for law enforcement officers to develop their knowledge and skills and served to better equip them in detecting and investigating money laundering, terrorism financing and other serious financial crimes in the country.
The course on cross-border control of cash and bearer negotiable instruments will expose participants to current techniques and best practices in border control and train them to combat the bulk smuggling of cash.
The courses will enable the country to meet international standards on combating money laundering and terrorism financing set by the Financial Action Task Force (FATF). In particular, FATF recommendations 30 and 31 urge countries to develop pro-active parallel financial investigation in all cases related to major proceeds-generating crime. Under FATF recommendation 32, countries are required to adopt measures to detect the physical cross-border transportation of currency and bearer negotiable instruments and to ensure competent authorities have the legal authority to stop or restrain those that are suspected to be related to money laundering, terrorism financing and other predicate offences.
Both courses were facilitated by two invited technical experts with extensive experience and background on anti-money laundering and combating the financing of terrorism. Among the focused areas are; International Standards and Domestic Legislation; Investigative Techniques and Evidence for Money Laundering Prosecutions; Alternative Remittance Systems; Search and Seizure Procedures; Asset Identification, Management and Forfeiture; Mutual Legal Assistance; Cash Forensics, Evidence and Cash Handling; and Practical Interview Techniques.
Participants of the courses included representatives from the Anti-Corruption Bureau, Attorney General’s Chambers, Immigration and National Registration Department, Internal Security Department, Narcotics Control Bureau, Royal Brunei Police Force and Royal Customs and Excise Department.