The Egmont Group, which is turning 10 this year, will meet to discuss the role of financial intelligence units in money laundering and terrorist financing prevention at its upcoming plenary in Washington, D.C. The group, an international network of financial intelligence units (FIUs), will meet on June 30 and July 1, and will admit new members to its current roster of 94 FIUs. The number of new members has not been disclosed, but according to the Financial Crimes Enforcement Network â€“ the U.S. financial intelligence unit â€“ the group's membership will top 100 countries. The Egmont Group was launched in...
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.
Nine jurisdictions, including Saudi Arabia, Sri Lanka and Macau, have joined the Toronto-based international consortium of financial intelligence units known as the Egmont Group. Several of the new members have been the object of critical Financial Action Task Force evaluations in recent years.