Doha, Qatar: Represented by the Criminal Studies Institute in cooperation with the Public Prosecution and Anti-Money Laundering and Counter-Terrorism Financing Unit of the Arab Republic of Egypt, the Public Prosecution organized a specialized training course on parallel financial investigation and crimes of money laundering and terrorism financing, with broad participation from members of several law enforcement agencies in the country, including the Public Prosecution, the Supreme Judicial Council and the Ministry of Interior.
The four-day training course covers several topics including internation and national frameworks for combating money laundering and terrorist financing, the methodology of the Public Prosecution's investigation, mechanisms for recovering smuggled assets and property, and an analysis of traditional and non-traditional financial crime patterns such as shell companies and cryptocurrencies.
The course also focuses on parallel financial investigations in theory and practice, cooperation between investigation authorities and the banking sector, digital evidence, formal and informal international cooperation in information exchange, and money tracking techniques using artificial intelligence, including open source investigations (OSINT) to support investigations.
At the outset of the training course, the experts in charge said that parallel financial investigation represents a qualitative leap in methods of combating financial crime, as it enables legal and regulatory authorities to track the paths of illicit funds, uncover criminal networks, and recover criminal proceeds without being limited to the original crime.
They also pointed out the importance of employing modern technologies such as open-source investigations and AI, while taking into account the legal controls for the evidence derived from them.
According to the Public Prosecution, this course comes within the framework of ongoing cooperation between the public prosecutions and anti-money laundering units regionally and internationally, with the aim of building specialized national capabilities capable of confronting the renewed challenges in the field of organizing financial crimes, ensuring the protection of public funds, and enhancing the security and stability of society.
