Members of an intergovernmental organization of financial intelligence units are considering plans to streamline the exchange of data on potential financial crimes across national borders, an official with the group said Monday.
Members of an intergovernmental group that shares information on money laundering and fraud are working to improve the financial intelligence units in sub-Saharan Africa, according to the organization's annual report.
The United Nations and World Bank are planning to tap financial intelligence units worldwide in an effort to better reclaim assets stolen by corrupt political figures and their associates.
Egmont also admitted India, Armenia, Belarus and Niue during its annual plenary meeting, a spokesperson for the U.S. Financial Crimes Enforcement Network confirmed.
The Egmont Group, which is turning 10 this year, will meet to discuss the role of financial intelligence units in money laundering and terrorist prevention at its upcoming plenary in Washington, D.C.