European Sanctions and Illicit Finance Monitoring and Analysis Network (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.

Main Image Credit Anatolyi Deryenko / Alamy Stock Vector

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.

Main Image Credit Anatolyi Deryenko / Alamy Stock Vector

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.

Vilnius roundtable

Read the summary report

Euro SIFMANet: Vilnius Report
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Watch the webinar

Webinar: Illicit Finance and Sanctions Implementation Challenges in Today's Context

Network members and sponsor

  • Center of Excellence in Anti-Money Laundering, Lithuania

    The Centre of Excellence in Anti-Money Laundering (AML Centre of Excellence) combines the efforts of public and private sectors in strengthening the framework on anti-money laundering and counter terrorist financing (AML/CTF).

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  • IRIS, France

    The French Institute for International and Strategic Affairs (IRIS) is one of the main independent European Think Tanks on geopolitical and strategic issues.

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  • Jacques Delors Centre, Hertie School, Germany

    At the Jacques Delors Centre, academic research goes hand in hand with the development of concrete ideas for future-oriented EU policies. In our think tank work, our analyses provide an independent, non-partisan view of European policy processes and decisions.

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  • The Polish Institute for International Affairs (PISM)

    The Polish Institute of International Affairs (PISM) is a leading Central European think tank that positions itself between the world of politics and independent analysis.

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  • Prague Security Studies Institute

    The Prague Security Studies Institute (PSSI) is dedicated to identifying and analysing a range of security-related challenges facing the post-communist states and allied partners worldwide, with a focus on countering economic and financial hybrid warfare and threats to the space domain.

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    SIPRI is an independent international institute dedicated to research into conflict, armaments, arms control and disarmament. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public. Based in Stockholm, SIPRI is regularly ranked among the most respected think tanks worldwide.

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  • RUSI Europe

    Based in Brussels, RUSI Europe builds on the Royal United Services Institute’s almost 200 years of expertise in security and defence. We carry out research, provide a forum for security and defence dialogues, and are committed to help solve the most urgent security and defence challenges. Our mission is to leverage the Institute’s research capacities to inform policy-making at the EU, NATO and among their member states.

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Project sponsor

  • National Endowment for Democracy (NED)

    The National Endowment for Democracy (NED) is a private, non-profit foundation dedicated to the growth and strengthening of democratic institutions around the world. Each year, NED makes more than 2,000 grants to support the projects of non-governmental groups abroad who are working for democratic goals in more than 100 countries.

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