Working Groups and Programs

In order to accomplish its mission of development, cooperation, and sharing of expertise, the Egmont Group created four working groups. The working groups meet periodically and report to the HoFIUs about their activities. The working groups and their functions are as follows:

Information Exchange on Money Laundering/Terrorist Financing Working Group (IEWG)

The IEWG is responsible for examining the synergies between operational analysts and IT experts in order to address the information exchange challenges faced by FIUs. The focus will be to increase the quality and quantity of timely information exchange between FIUs based on operational and strategic analysis. Most of the work will be project-based and the results will be shared with members, and, where appropriate, with Observer organisations.

Membership, Support, and Compliance Working Group (MSCWG)

The MSCWG is responsible for managing membership issues, working with the regions on outreach activities, processing membership applications from Candidate FIUs, and implementing the programme which the HoFIU have endorsed in the Egmont Group Support and Compliance Process. The MSCWG will be responsible for addressing all membership, support, and compliance matters within the Egmont Group, including cooperation between FIUs.

Policy and Procedures Working Group (PPWG)

The PPWG is responsible for identifying important operational, policy, and strategic issues affecting the Egmont Group and coordinating a response across the organisation and with partner organisations. The PPWG will be responsible for ensuring that the key Egmont Group documents are regularly reviewed to ascertain if revisions are required, bringing together policy, legal, and operational experts.

Technical Assistance and Training Working Group (TATWG)

The TATWG is responsible for identifying, developing, and delivering technical assistance and training to Egmont members in conjunction with Observer organisations as well as facilitating the provision of support to FIUs facing significant challenges complying with Egmont requirements and relevant FATF Recommendations.

Egmont Centre of FIU Excellence and Leadership (ECOFEL)

ECOFEL has been created as an engine and hub to further assist FIUs as they strive towards effectiveness and excellence. ECOFEL’s goal is to protect, position and promote FIUs within their national systems as well as internationally.