The
Egmont Group is a united body of 155 Financial Intelligence Units (FIUs).
Every country should establish a financial intelligence unit (FIU) that serves
as a national centre for the receipt and analysis of:
(a)
Suspicious Transaction Reports (STR); and
(b)
other information relevant to money laundering, associated predicate offences and
financing of terrorism, and for the dissemination of the results of that
analysis.
The FIU
should be able to obtain additional information from reporting entities, and
should have access on a timely basis to the financial, administrative and law
enforcement information that it requires to undertake its functions properly.
The
Egmont Group provides a platform for the secure exchange of expertise and
financial intelligence to combat money laundering and terrorist financing
(ML/TF). This is especially relevant as FIUs are uniquely positioned to
cooperate and support national and international efforts to counter terrorist
financing and are the trusted gateway for sharing financial information
domestically and internationally in accordance with global Anti Money
Laundering and Counter Financing of Terrorism (AML/CFT) standards.
The
Egmont Group recognizes sharing of financial intelligence is of paramount
importance and has become the cornerstone of the international efforts to
counter ML/TF. Financial Intelligence Units (FIUs) around the world are obliged
by international AML/CFT standards to exchange information and engage in
international cooperation. As an international financial intelligence forum the
Egmont Group both facilitates and prompts this amongst its member FIUs.
Source: Egmont Group
