The SIC, Lebanon's Financial Intelligence Unit (FIU), receives, analyzes, investigates suspicious transaction reports (STRs) and ensures compliance of banks, financial institutions and other reporting entities with the AML/CFT regulations.
Prevention, information exchange, investigation and capacity building were highlighted as the four core elements in combating cybercrime at the conclusion of the Interpol-Europol conference.
Centered around the theme 'Cybercrime investigations – the full cycle', the three-day (1 – 3 October) meeting brought together some 230 specialists from law enforcement, the private sector and academia from 55 countries to review current trends and new modus operandi used by organized crime networks.
The need to coordinate enforcement activities, enhance law enforcement capacity and identify the legal tools required for successful prosecutions also topped the agenda.
Closing the conference, Executive Director of the Interpol Global Complex for Innovation (IGCI) Noboru Nakatani, and head of Europol's European Cybercrime Centre (EC3) Troels Oerting said the engagement and input from delegates had served to increase understanding and encourage greater interaction between the various sectors involved.
Delegates supported a number of joint activities to be undertaken by Interpol and Europol in coordination with involved partners and countries including publication of joint reports, disseminating early warning messages, conducting assessments of inter-regional cyber attacks, carrying out operations to take down Botnets and standardization of training, tools and processes.
Fast and effective information sharing with partners from different sectors through structures such as the Joint Cybercrime Action Task Force or the Cyber Fusion Centre at the IGCI was also highlighted as an area to be further developed.