This places public-private partnerships at the centre of modern financial crime enforcement. The discussion highlighted several initiatives that demonstrate what effective collaboration can achieve. The United Kingdom's Joint Money Laundering Intelligence Taskforce (JMLIT) has shown the value of structured information sharing between financial institutions and law enforcement. Singapore's COSMIC platform has taken an important step by providing a legislative framework for financial institutions to exchange information on higher-risk customers under defined circumstances.

These initiatives are significant not because they rely on better technology, but because they establish trusted mechanisms for collaboration. Institutions continue to grapple with legal liability, data privacy, confidentiality obligations, operational silos and differing risk appetites. These are governance challenges rather than technological ones, which even AI will not overcome.

Perhaps the most important lesson from the dialogue was that the future of financial crime prevention will depend less on which institution possesses the best technology and more on whether institutions can work together effectively.

For organisations in the private sector, this has practical implications. Investment in AI, analytics and automation remains essential. But those investments should be accompanied by equally deliberate efforts to strengthen governance frameworks, information-sharing protocols, and trusted relationships with both public authorities and industry partners.

Technology will continue to evolve. Whether you evolve with it may ultimately determine how successful we are in empowering our people and desiging purpose built solutions.

Are your current information-sharing arrangements fit for today's threat environment and able to receive, manage and resolve related concerns?