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Nigeria, Syria Financial Intelligence Units Among Six Admitted to Egmont Group
By Brian Orsak
printThe Egmont Group, a global association of financial intelligence units, admitted the FIUs of six countries, including Nigeria, Syria and India, to its membership. The group, launched in 1995 to improve the exchange of financial information among members, also admitted Armenia, Belarus and Niue during its annual plenary meeting, a spokesperson for the U.S. Financial Crimes Enforcement Network (FinCEN) confirmed. FIUs are agencies that collect information on suspicious or unusual financial activity and analyze it as part of a country's anti-money laundering (AML) efforts. They make the information available to national law enforcement agencies and other FIUs. FinCEN is the...
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