Egmont Group of Financial Intelligence Units

This article is about the financial intelligence organization. For the publishing company, see Egmont Group.
Egmont Group logo

The Egmont Group of Financial Intelligence Units is an informal network of national financial intelligence units (FIUs). National FIUs collect information on suspicious or unusual financial activity from the financial industry and other entities or professions required to report transactions suspected of being money laundering or terrorism financing. FIUs are normally not law enforcement agencies, with their mission being to process and analyze the information received. If sufficient evidence of unlawful activity is found, the matter is passed to the public prosecution agencies.

The Egmont Group defines an FIU as a central, national agency responsible for receiving (and, as permitted, requesting), analyzing and disseminating to the competent authorities, disclosures of financial information:

History

The Egmont Group was formed in 1995, taking its name from the Egmont Arenberg Palace in Brussels, where the meeting took place.

In early 2008, with the support of Jim Flaherty, Finance Minister of Canada, and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Canadian FIU, the Egmont Group established its Secretariat in Toronto, Canada.[1]

As of 2013, there were 132 members in the Egmont Group.[2]

Purpose

The goal of the Egmont Group is to provide a forum for FIUs around the world to improve cooperation in the fight against money laundering and financing of terrorism and to foster the implementation of domestic programs in this field. The Egmont Group provides support to member FIUs by:

List of Member FIUs

See also

References

  1. ↑ "Archived - Minister of Finance Opens Egmont Secretariat Headquarters in Toronto". Fin.gc.ca. 2008-09-19. Retrieved 2012-04-05.
  2. ↑ "Egmont Group member list". Egmontgroup.org. Retrieved 2012-04-05.
  3. 1 2 3 4 5 6 7 8 "Co-Chairs Statement 21st Egmont-Plenary 2013" (PDF). 2013-07-05. Retrieved 2013-07-07.
  4. ↑ "Vatican Financial Intelligence Authority Admitted to Global Network of Financial Intelligence Units". Zenit News Agency. 2013-07-03. Retrieved July 4, 2013.

External links

This article is issued from Wikipedia - version of the Friday, April 15, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.