Egmont Group at Parliamentary Intelligence Security Forum

Egmont Group at Parliamentary Intelligence Security Forum

Last week, Mr. Mariano FEDERICI, Chair of the Egmont Group, and Mr. Jerome BEAUMONT, Egmont Group Executive Secretary, presented at the Parliamentary Intelligence Security Forum in Washington, D.C. 

Mr. FEDERICI explained to Members of Parliament from more than 70 countries what an FIU is, its mandate, functions, legal framework, legal powers and the necessity to have FIUs that are autonomous and operationally independent. The Chair also underlined the recently adopted UN Resolution 2462 that stresses the key role of FIU in the AML/CFT Chain.

Mr. BEAUMONT built upon the Chair’s presentation by addressing how FIUs cooperate internationally through the Egmont Group Platform of information exchange, which provides a way to follow money transnationally. The Executive Secretary also reiterated that to properly enforce their mandate, FIUs need to have the proper financial, HR and IT resources. He ended his presentation by highlighting the mandate and activities of ECOFEL, the new Egmont Capacity-building program.