October, 18, 2023
As an independent, apolitical organization, the Egmont Group of Financial Intelligence Units (FIUs) emphasizes the importance of international cooperation and developing synergies with international partners (including international organizations) to combat money laundering and the financing of terrorism.
Egmont Group’s interests and objectives are centered on the requirements for an effective global AML/CFT collaborative system, which is multidimensional and complex. In this system, trust is the key foundation for any cooperation.
The Egmont Group remains deeply concerned by the devastating effects of the current Russian military aggression against Ukraine and the negative impact on the State Financial Monitoring Service of Ukraine (FIU of Ukraine).
Trust is severely eroded due to Rosfinmonitoring’s (FIU of the Russian Federation) position regarding the actions and policies of its government, and the ways of communication it has chosen. To maintain the Egmont Group’s reputation in the global AML/CFT space, to ensure cohesion in the AML/CFT ecosystem, and to protect other Egmont Group interests and objectives, the Heads of FIUs of the Egmont Group agreed during its 18 October 2023 virtual meeting to:
- Suspend Rosfinmonitoring’s membership with the Egmont Group of FIUs, for as long as it is required to protect the interests of the Egmont Group and to ensure the achievability of its objectives.
- Uphold the additional measures taken by the Heads of FIU on 13 December 2022 as far as practical in light of the suspension.
The Egmont Group will continue to monitor the implementation of these measures for as long as these actions are practical and required to protect the Egmont Group’s interests and objectives.
Interim Chair of the Egmont Group of Financial Intelligence Units