Brussels, 4 December 2020 – Today, the Global Coalition to Fight Financial Crime (the Coalition) is happy to announce the membership of the European Association of Corporate Treasurers (EACT), FinTech FinCrime Exchange (FFE), INTERPOL, Open Ownership and Western Union.
This brings the total membership of the Coalition to 18 organisations and further reinforces and expands its expertise in the areas of corporate treasury, FinTechs, international policing, beneficial ownership transparency and international money transfers. Each of these organisations plays an important role in the fight against financial crime.
Coalition Chair John Cusack said: “I’m delighted to welcome our five new members to the Coalition. Each member adds a unique understanding of financial crime risk and adds further weight to the Coalition, as we focus on promoting more effective financial crime solutions.”
ABOUT THE EUROPEAN ASSOCIATION OF CORPORATE TREASURERS – link
The European Association of Corporate Treasurers (EACT) brings together 23 national treasury associations, representing treasurers in over 6,500 companies. The EACT is the voice of the treasury community in Europe, representing the financial professionals of the real economy vis-à-vis European authorities. We promote the corporate treasury profession and seek to enhance the perception of its strategic value to the real economy. The EACT supports the professional development of treasurers in their National Treasury Associations, through knowledge sharing, up-skilling, access to training, and promotion of best practices.
ABOUT FINTECH FINCRIME EXCHANGE – link
The FinTech FinCrime Exchange brings together a global network of FinTechs to collaborate on best practices in financial crime risk management. By sharing information on criminal typologies and controls, members help to strengthen the sector’s ability to detect and counter the global threat of financial crime.
ABOUT INTERPOL – link
INTERPOL is the world’s largest international police organization with 194 member countries. It connects police worldwide to enable countries to share and access vital information on crimes and criminals. Its expertise supports national efforts in combating terrorism, cybercrime and organized crime.
ABOUT OPEN OWNERSHIP – link
Open Ownership’s mission is to make beneficial ownership transparency a reality in all jurisdictions. We are the leading global hub for company ownership and control disclosure advice, we produce guidance and technical tools, review draft laws and data verification processes data and make it work in practice. With our support, countries and jurisdictions are using registers to expose and tackle corruption and crime.
ABOUT WESTERN UNION – link
The Western Union Company is a global leader in cross-border, cross-currency money movement and payments, combining the digital and physical so that consumers and businesses can send and receive money and make payments with speed, ease, and reliability. As of 30 June 2020, our network included over 550,000 retail agents in more than 200 countries and territories, the capability to send money to billions of bank accounts, and westernunion.com, available in over 75 countries and territories.
ABOUT THE GLOBAL COALITION TO FIGHT FINANCIAL CRIME
Founded in 2018, the Global Coalition to Fight Financial Crime brings together organisations from the public sector, including law enforcement and policing, and the private sector, including banks and FinTechs, think tanks, and not-for-profits, all committed to collaborating to make the fight against financial crime more effective.
Thibault Jacobs, Bertrand Huet and Niamh Griffin