SICCFIN is currently increasing the security of its IT system, which will also improve its analytical capacity, making it possible, in the long term, for professionals in the local financial sector to send reports of suspicious transactions to SICCFIN electronically.
In connection with this project, the Monegasque Financial Intelligence Unit has chosen to adopt and implement the goAML strategic and operational analysis support software, which was designed and developed by Dr. Alain Nkoyock, Project Manager at the United Nations Office on Drugs and Crime (UNODC) .
Strengthening SICCFIN's IT system and installing goAML is a major developmental project for this Department, and its officers have been involved in these aspects for many months. To this end, in 2018, a Monegasque delegation travelled to Liechtenstein for a study tour, and then to Luxembourg, a country whose FIUs already use goAML (see SICCFIN's press release of 3 August 2018).
More recently, from 15 to 17 January 2019, the Director of SICCFIN, Mr. Philippe Boisbouvier, accompanied by one of his colleagues, Ms. Jenny Perrot, visited the UNODC's headquarters in Vienna, Austria, to meet the creator and developer of the software and his team to learn about the latest developments and prepare for the forthcoming visit to Monaco by trainers from this organisation.
For the next step, at the beginning of February, all SICCFIN officers will be trained for a full week in using this tool and understanding its many functions.
An information meeting, conducted jointly by SICCFIN and the UNODC for the Principality's banking institutions, will be held on 7 February.
Representatives of professional organisations and associations, and associations of other professions covered by amended Act No. 1.362, will also be invited, although access to this tool will only be available to them at a later stage.
