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The Egmont Group Thanks the United Arab Emirates Financial Intelligence Unit for a Substantial Donation to the ECOFEL Program

January 10, 2024

OTTAWA, Canada – The Egmont Group of Financial Intelligence Units (FIU) gathers and supports the international collaboration of its 170 member FIUs.

One of the Egmont Group’s strategic objectives is to Strengthen FIU’s capabilities, and the Egmont Centre of FIU Excellence and Leadership (ECOFEL) Program plays a pivotal role in that matter through its training program and Learning platform with 7000 registered participants.

However, in order to operate and have an impact, ECOFEL requires resources.

The Egmont Group is pleased to announce a substantial donation from the United Arab Emirates Financial Intelligence Unit (UAEFIU) to help support the Egmont Centre of FIU Excellence and Leadership (ECOFEL) Program.

Since launching in 2018, the ECOFEL has earned an excellent track record for delivering leading-edge capacity-building training to FIUs. Among its many deliverables are the mentorship program, the targeted assistance program, several operational task forces, and the creation of specialized training courses such as the Advanced Strategic Analysis Course (ASAC). Moreover, the ECOFEL’s eLearning platform has contributed to all programmatic outcomes.

“The Egmont Group sends its sincere gratitude to the United Arab Emirates Financial Intelligence Unit (UAEFIU) for their very substantial financial contribution to the ECOFEL program. Their support is instrumental in helping the ECOFEL continue equipping FIU personnel with AML/CFT training knowledge and expertise. The UAEFIU’s funding demonstrates UAE authorities’ global support, commitment, and engagement to AML/CFT principles.”  – Elżbieta Franków-Jaśkiewicz, Interim Chair, Egmont Group of Financial Intelligence Units

The donation from the UAEFIU will be added to the funding currently provided by ECOFEL’s other generous donors, such as the U.S. Department of State – Bureau of International Narcotics and Law Enforcement Affairs (INL), SECO Economic Cooperation and Development, Saudi Arabia FIU (SAFIU), AUSTRAC, UK Financial Intelligence Unit (UKFIU), Anti-Money Laundering Division (AMLD) – Taiwan, Grand Duchy of Luxembourg, and past donors.

“The UAE is committed to helping protect the global economy from money laundering, terrorism financing, and other financial crimes through international coordination and collaboration. By contributing to the ECOFEL program, the UAEFIU is helping to strengthen and support international efforts to tackle ML/TF and protect global financial integrity, peace, and security by ensuring all FIUs have access to expert training and resources.” – Ali Faisal Ba’Alawi, Head of UAE Financial Intelligence Unit

Thanks to the support of the UAEFIU and other donors, the ECOFEL program will continue to deliver professional training and knowledge to FIU personnel across the globe and empower FIUs to strive towards excellence and leadership.

The ECOFEL always welcomes new donations from governments, international organizations and FIUs. Please visit the ECOFEL website to learn more.

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