EG Chair and Executive Secretary present at the Parliamentary Intelligence-Security Forum on December 7-8
Mme. Elżbieta Franków-Jaśkiewicz, Egmont Group (EG) Interim Chair, and Mr. Jérôme Beaumont, Egmont Group Executive Secretary, were thrilled to present before 248 parliamentarians from 68 countries at the Parliamentary Intelligence-Security Forum in Washington, D.C., on December 7-8. They presented the Egmont Group’s (EG) role as the unique global organization facilitating operational information exchanges, expertise sharing, and capacity building among 170 FIUs worldwide.
They also highlighted several key EG projects and reports, including:
- Joint papers with the Financial Action Task Force and INTERPOL on Money Laundering & Terrorist Financing on Cyber Enable Fraud and a report on the Abuse of Virtual Assets for TF Purposes
- Detecting Trade-Based Money Laundering and Misuse of Corporate Structure
- FIUs’ Role in the Fight Against the Abuse of NPO for TF Activity
Please visit the Resources section of the EG website to access these project reports and more.
Mr. Beaumont hammered home some striking figures:
FIU staff of the 170 Egmont Group members dedicated to financial analysis aggregate 4500 FTE (Full Time Equivalent) in total, the same or less than the resources of the compliance department of ONE single global Financial Institution, underlining the critical issue of FIU resources.
During the same week, the Executive Secretary and Interim Chair of the Egmont Group also had the pleasure of meeting with Andrea Gacki, Director of Financial Crimes Enforcement Network (FinCEN) and former director of the Office of Foreign Assets Control, to acknowledge the close engagement between the organizations over the years and the ongoing support and commitment that FinCEN has shown to the EG and its member FIUs.
The Egmont Group looks forward to continued collaboration together with the ultimate goal of increasing national and international efforts to counter money laundering, terrorist financing, and associated predicate offences.
#amlcft #financialinvestigation #financialintelligence
#FATF #Wolfsberg #INTERPOL #InternationalAssociationofProsecutors
