International Cooperation: CTAF Exchanges Information with Foreign Authorities
Tunisian Financial Analysis Commission Strengthens International Ties
Beyond its local activities, the Tunisian Financial Analysis Commission (CTAF) also engages in international cooperation, investigating Tunisians and foreign residents alike. Requests are exchanged in both directions.
Between 2022 and 2023, the Libyan Financial Intelligence Unit was the CTAF's primary partner for cooperation requests, both incoming and outgoing. The Tripoli authorities sent 18 information requests regarding Libyan nationals in Tunisia, while 8 requests were sent in the opposite direction.
France, with 18 requests, Turkey, and the United Arab Emirates (9 requests each), and Spain (5 requests) are also among the top destinations for cooperation. These countries are popular among Tunisians seeking to conceal assets. France is a hub for Tunisian students and workers, making such practices common. The other three countries are favored for real estate investments. In fact, we've seen sponsored Facebook ads from Emirati real estate agencies promoting investment opportunities in Dubai. While this is perfectly legal for foreign residents, it's not the case for residents who will likely seek ways to circumvent the law.
The list of countries seeking information also includes Malta (6 requests), Algeria (4), and Switzerland (5). These countries are either pursuing individuals for illegal enrichment or seeking to improve their international image, despite being considered havens for money laundering. Nonetheless, Tunisian authorities cooperate with their national counterparts.
Despite these efforts, many still evade controls. We await the new exchange code, which should update the list of criminalized acts. The CTAF's scope of intervention will be revised, focusing on specific countries and acts.
