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Working Groups

IEWG Proposed Photo

Information Exchange Working Group (IEWG)

A forum for Egmont Group FIUs and Observers to leverage the synergies associated with their operational and strategic activities to enhance cooperation, information exchanges, and address challenges.

Considering the mandates and activities of other working groups, the IEWG aims to increase the quality and quantity of timely information exchanges between FIUs based on operational and strategic analysis. Improving information exchanges will facilitate and enhance FIUs’ adherence to international standards. In addition, the IEWG benefits from the expertise of its members, which contributes significantly to the working group’s objectives.

Key Elements of the IEWG's Mandate

Projects

Chair and Vice-Chairs

Key Elements of the IEWG's Mandate

The IEWG shall proactively undertake strategic work and analysis to improve cooperation between FIUs and enhance FIU operational efficiency and effectiveness and participate in operational activities or projects undertaken by other international fora.

The IEWG offers Egmont Group members operational and strategical experience and opportunities to contribute to tools (including IT) and documents as contributions to the projects from the IEWG’s business plans. The IEWG provides members with the capacity to share input such as methodologies and practical cases to enrich the knowledge and practice on information exchange and other FIU activities.

The IEWG aims to achieve the following three key pillars within its mandate:

  1. Promoting, supporting, and facilitating the bilateral and multilateral exchange of operational and strategic information
  2. Jointly developing approaches and methods among FIUs to share knowledge and specific insights into global money laundering and terrorist financing threats, new typologies, and best practices
  3. Strengthening the IT capabilities of FIUs and utilizing advancements in technology to improve the collaboration and exchange of information of FIUs

IEWG Projects

Current IEWG Projects

For Stream 1:

  • Detecting Trade Based Money Laundering and Abuse of Corporate Structures
  • Money Laundering / Terrorism Financing on Cyber-Enabled Fraud

For Stream 2:

  • Extreme Right Wing Terrorism Phase II
  • FIUs’ Role in the Fight Against the Abuse of Non-Profit Organizations for Terrorism Financing Activity
  • Sanctions
  • Abuse of Virtual Assets for Terrorism Financing Purposes

For Stream 3:

  • Open Source Intelligence

Past IEWG Projects

In 2021:

In 2020:

  • Conclusions from Large Scale Cross-Border ML Schemes – list of TBML risk indicators (public and non-public versions)
  • Conclusions from Large Scale Cross-Border ML Schemes – Case Book
  • Joint Egmont/FATF report – TBML Trends and Developments
  • The Role of FIUs in Combatting Illicit Finance Associated with Human Trafficking – White Paper
  • Money Laundering of Serious Tax Crimes: Enhancing Financial Intelligence Units’ Detection Capacities and Fostering Information Exchange (available in English and Spanish)
  • Combatting Child Sexual Abuse and Exploitation
  • Egmont Group/WCO – Customs-FIU Cooperation Handbook (available in English, Russian; French; Arabic; Spanish; Portuguese)

In 2019:

  • FIU Tools and Practices for Investigating ML of the Proceeds of Corruption
  • Business Email Compromise Fraud – Phase II
  • Countering Trafficking in Persons/Human Trafficking and Related Illicit Finance (Bulletin)
  • Counter TF: Lone Actors and Small Cells Report
  • Professional Money Laundering Facilitators (Bulletin)

In 2018:

  • Concealment of Beneficial Ownership – a joint project with the FATF
  • STR Reporting Regime (Volume 1 / Volume 2)
  • Emerging Financial Technologies, Money Laundering and Terrorist Financing: A Typology of Virtual Currencies (available in English, French, Spanish)

In 2017:

  • ISIL Project – Phase II;
  • Business Email Compromise – Phase I
  • FIUs Working with LEA and Prosecutors
  • Impact Assessment of Blockchain Technologies

In 2016:

  • ISIL Project – Phase I
  • Blockchain Overview Research Report
  • Urgent Terrorism Incident Response Checklist
  • Urgent Terrorism Incident Response Standard Operating Procedures
  • Vulnerability of Mobile Payment Services to ML/TF

Chair and Vice-Chairs

Working Group Chair

Name
Sarah Paquet

Education
Civil Law and Common Law degrees from the University of Ottawa

Sarah Paquet - Chair

Sarah Paquet, Director and CEO of FINTRAC, is an active member of the international community of FIUs. Ms. Paquet seeks to find meaningful solutions through her recent appointment as Chair of the IEWG. With a strong belief in the power of teamwork and collaboration when addressing serious issues that require solutions from a broad collection of stakeholders, her experience within the Government of Canada (GoC) underpins this belief.  This perspective equally applies to international collaboration, where information sharing is critical to understanding shared threats in money laundering and terrorist financing globally. The ability to harness the unique perspectives of Egmont members is key to finding a solution to these shared threats. 

Ms. Paquet is a lawyer by trade, having earned Civil Law and Common Law degrees from the University of Ottawa. Ms. Paquet started her federal public service career in 1997 and has extensive experience in leading complex initiatives involving multiple stakeholders within the GoC. Ms. Paquet played a key role in developing a Service Strategy for internal services within the federal public service, which helped ingrain client service excellence when federal support partners. Ms. Paquet was also responsible for enabling major GoC IT-enabled business solutions such as delivering a software system called My GCHR – a new GoC service delivery model for human resources. Ms. Paquet was instrumental in developing the GoC renewed IT infrastructure transformation plan, enabling digital services to Canadians.

Ms. Paquet strongly believes in collaboration; her motto is ‘One Team, One Plan, One Success.’ As noted within the anti-money laundering and counter-terrorism financing community, combatting financial crimes requires global commitment and collaboration. Her experience and belief in teamwork, diversity and inclusivity provide an advantageous asset to her position as Chair of the IEWG.

Vision 

“The IEWG will continue to explore, identify and understand new global means and methods of ML/TF while at the same time exploring innovative methods that could assist FIUs in meeting their mandate.” 

What do you hope to accomplish as the WG Chair?

“Through sustained collaboration, expand the knowledge and abilities of FIUs to combat ML/TF by focusing on projects and deliverables that are of maximum importance to FIUs worldwide. To keep pace with the rapid developments in ML/TF, encourage the project teams within the IEWG to produce high-quality results within reasonable timeframes.”

What projects are you most excited about?

“In a world that is quickly transforming due to innovation and technology, digital transformation is a faced paced environment where FIUs need to be made aware of significant developments.”

Working Group
Vice-Chairs

  • Endre Emil Bányai – FIU Hungary
  • Carine Charlette-Katinic – FIU Mauritius
  • Sonja Corstanje – FIU-Netherlands
  • Muhammad Jiya – NFIU-Nigeria
  • Oscar Gabriel Calvillo Salguero – FIU-Guatemala
  • Alistair Sands – AUSTRAC
  • Chaitanya Shukla – FIU-India
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