On 18 May, the GFIU advised that it had published its latest annual report and strategic plan. The report includes strategic analysis spanning from 2019 to 2022. It is said that a significant milestone has been the successful establishment of the Financial Liaison & Intelligence Network (FLINT), Gibraltar’s Public-Private Partnership aimed at combating Money Laundering, Terrorist Financing, and Proliferation Financing. The Strategic Analysis Report highlights an increase in Suspicious Activity Reports (SAR), submitted by certain sectors, such as Banks and Trust and Corporate Service Providers (TCSP), when compared to 2021. It is said that there has been a noteworthy decrease in defensive reporting and an improvement in the percentage of SAR meeting the GFIU standards.
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