European Sanctions and Illicit Finance Monitoring and Analysis Network (Euro SIFMANet)

About Euro SIFMANet

Euro SIFMANet brings together European research institutions to raise awareness and inform policymaking against the illicit financial flows that continue to undermine our democracies.

Overview

SIFMANet is a collaborative network, led by the Centre for Financial Crime and Security Studies at RUSI, in collaboration with RUSI Europe, and supported by the National Endowment for Democracy. The network aims to bolster the response of EU member states to the national security threat posed by illicit finance to democracies and to provide viable policy recommendations.

The Russian war in Ukraine has shattered the stability of Europe and brought to the fore the role of finance in international security. Yet very rarely is the national security threats posed by illicit finance to our societies considered, allowing it to subvert European democracy and threaten the rule of law.

SIFMANet will bring together European civil society and academic experts to engage with governments and their private sectors in boosting the ability of the EU to think about and respond to illicit finance beyond the criminal dimension.

Project partners

  • The Polish Institute of International Affairs, Poland
  • Prague Security Studies Institute, Czech Republic
  • Centre of Excellence in Anti-Money Laundering, Lithuania
  • Globsec, Slovakia
  • SIPRI, Sweden
  • IRIS, France
  • Jacques Delors Centre at Hertie School, Germany

Aims and objectives

As a vibrant network of various European research institutions, SIFMANet intends to address identified shortcomings and unanswered challenges that EU member states face. It aims to:

Promote the effective implementation of EU sanctions on Russia by bolstering the under-resourced and over-stretched capacity of member states.
Highlight the importance of applying a national security lens to the threats posed by illicit finance to the EU and connected states and their democratic systems.
Create a network of EU academic and research institutions that work together to ensure sanctions and illicit finance remain central to the EU security and policy agenda, as part of the wider EU focus on defending democracy.

Project outputs

As part of its engagement efforts, SIFMANet will convene a series of awareness-raising roundtable discussions in EU capitals. The project will also produce a series of outputs in the form of op-eds, commentaries and podcasts.

The network will convene events in Brussels to propose viable solutions gathered as SIFMANet Principles, the final written proposal for more effective sanctions and illicit finance responses by EU member states.

Project contacts

RUSI Europe, 46 Avenue des Arts, 1000 Brussels, Belgium

Copyright 2022 RUSI EUROPE Registered in Belgium (no. 0707898377)