Membership, Support, and Compliance Working Group (MSCWG)
The MSCWG ensures that the Egmont Group’s high standards and membership criteria are applied to both new members and existing member FIUs.
The Egmont Group’s governing body, the Heads of FIU, mandated the MSCWG to assess whether applicant FIUs fulfill the Egmont Group’s legal and operational membership criteria.
Additionally, the MSCWG has the mandate of maintaining these high standards among Egmont Group members, who hold and exchange highly-sensitive information to detect and prevent money laundering and terrorist financing by implementing the Support and Compliance Process (SCP).
Key Elements of the MSCWG's Mandate
Projects
Chair and Vice-Chairs
Key Elements of the MSCWG'S Mandate
- Oversee the membership application procedures by screening candidate FIUs from an operational and legal perspective and recommending new members to the HoFIU if they meet Egmont membership criteria.
- Please visit our Egmont Group Membership Application page for more information about becoming an Egmont Group member.
- Implement the Support and Compliance Process and make recommendations to the Egmont Committee and/or HoFIU on compliance matters.
- Monitor FATF/FSRB/IMF/WB mutual evaluations.
- Support member FIUs before facing compliance challenges, in cooperation with other Egmont Group bodies as needed.
- Conduct reviews as requested by the Egmont Committee.
- Confirm the status of FIUs that have undergone significant changes to establish that they still meet the Egmont Group criteria.
MSCWG Projects
Current MSCWG Projects
- Conduct reviews and implement the different steps related to the Support and Compliance Process triggers, considering the support mechanism first.
- Review and update the current procedures under the MSCWG to properly conduct its mandate regarding the Support and Compliance Process and the status of FIUs after changes.
- Continue enhancing the current Pool of Experts, considering a regional approach to assist with the Support & Compliance Process and membership issues.
- Continue vetting and screening candidate FIUs based on the current membership application procedures and Egmont Group membership criteria to determine and ensure that the legal and operational requirements to become Egmont Group members are fulfilled.
- Review and update the current membership application procedures and related documents to properly conduct this task.
- Conduct reviews and implement the different steps related to the Support and Compliance Process triggers, considering the support mechanism first.
- Review and update the current procedures under the MSCWG to properly conduct its mandate regarding the Support and Compliance Process and the status of FIUs after changes.
- Continue enhancing the current Pool of Experts, considering a regional approach to assist with the Support and Compliance Process and membership issues.
- Continue vetting and screening candidate FIUs based on the current membership application procedures and Egmont Group membership criteria to determine and ensure that the legal and operational requirements to become Egmont Group members are fulfilled.
Chair and Vice-Chairs
Working Group (Interim) Chair
Name
Fuad Aliyev (FMS-Azerbaijan)
Service
Education
Working Group
Vice-Chairs
- Tarek Zahran – SIC-Lebanon
