FIAC is the first formal financial intelligence analysis course available in the region.
At the ASEAN-Australia Special Summit in March, Australia and ASEAN agreed to cooperate more closely to fight terrorism and counter violent extremism in the region. As a result, the Department of Foreign Affairs and Trade has funded four regional FIACs to be delivered over the next two years.
The expansion of the FIAC to regional partners will have a significant impact and will play an important role in protecting Australia’s financial system from criminal exploitation. Building the capability of regional partners to combat this threat will have benefits for Australia.
The Regional FIACs have been adapted to the ASEAN context and environment and there are 20 participants attending the first course in Brunei from all 10 ASEAN country Financial Intelligence Units