Egmont Group of Financial Intelligence Units
Formation1995; 29 years ago (1995)
Founded atEgmont Palace, Brussels, Belgium
HeadquartersOttawa, Ontario, Canada[1][2]
Membership
See below
Chair
Hennie Verbeek-Kusters (interim)[3]
Websiteegmontgroup.org

The Egmont Group of Financial Intelligence Units is an international organization that facilitates cooperation and intelligence sharing between national financial intelligence units (FIUs) to investigate and prevent money laundering and terrorist financing. National FIUs collect information on suspicious or unusual financial activity and are responsible for processing and analyzing the information received. FIUs are normally not law enforcement agencies themselves, findings are shared with appropriate law enforcement or prosecution bodies if sufficient evidence of unlawful activity is found. The Egmont Group is headquartered in Ottawa, Ontario, Canada.[1]

History

The Egmont Group was formed in 1995 as an informal network of 24 national FIUs, taking its name from the Egmont Palace in Brussels where the group's founding meeting took place. The Egmont Group Secretariat established its permanent headquarters in Ottawa on 15 February 2008.[2][4]

Purpose

The goal of the Egmont Group is to provide a forum for FIUs around the world to improve cooperation in the fight against money laundering and financing of terrorism and to foster the implementation of domestic programs in this field. The Egmont Group provides support to member FIUs by:

Member FIUs

The US Treasury Department defines an FIU as "a central, national agency responsible for receiving (and, as permitted, requesting), analyzing and disseminating to the competent authorities, disclosures of financial information: concerning suspected proceeds of crime and potential financing of terrorism, or required by national legislation or regulation, in order to counter money laundering and terrorism financing."[6]

The current member FIUs of the group are:


Notable non-member observers

The Egmont Groups admits governmental or intergovernmental organizations as non-member observers whose roles relate to preventing money-laundering and/or the financing of terrorism.[9] Several notable organizations are observers, including:

See also

References

  1. ^ a b Pullella, Philip (23 January 2020). "World financial intelligence group re-admits Vatican after suspension". CNBC. Reuters. Retrieved 27 June 2020.
  2. ^ a b "Minister of Finance Opens Egmont Secretariat Headquarters in Ottawa". Department of Finance Canada. Government of Canada. 2008-09-19. Archived from the original on 25 September 2009. Retrieved 2012-04-05.
  3. ^ "Chair of the Egmont Group of Financial Intelligence Units". 2020-02-04. Retrieved February 18, 2020.
  4. ^ Canada, Global Affairs (7 June 2006). "Foreign Representatives in Canada: International Organizations and Other Offices". Global Affairs Canada. Government of Canada. Retrieved 27 June 2020.
  5. ^ "The Egmont Group of Financial Intelligence Units | FinCEN.gov". www.fincen.gov. US Treasury Department.Public Domain This article incorporates text from this source, which is in the public domain.
  6. ^ "What We Do | FinCEN.gov". fincen.gov. US Treasury Department. Retrieved 28 June 2020.
  7. ^ a b c d e "Co-Chairs Statement 21st Egmont-Plenary 2013" (PDF). 2013-07-05. Retrieved 2013-07-07.
  8. ^ "Vatican Financial Intelligence Authority Admitted to Global Network of Financial Intelligence Units". Zenit News Agency. 2013-07-03. Retrieved July 4, 2013.
  9. ^ "Observers". The Egmont Group. Retrieved January 12, 2018.