What is a key objective of the Egmont Group?
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A. B. C. D.B
https://egmontgroup.org/enThe Egmont Group is a global association of Financial Intelligence Units (FIUs) that was established in 1995. The primary objective of the Egmont Group is to facilitate international cooperation and information sharing among its member FIUs in the fight against money laundering, terrorism financing, and other financial crimes.
Therefore, the correct answer to the question is A - "To find ways to promote the development of Financial Intelligence Units and the sharing of expertise."
The Egmont Group has over 160 member FIUs from around the world, and it serves as a forum for these FIUs to exchange information and expertise on the most effective ways to combat financial crimes. The Egmont Group provides a platform for its members to share intelligence on suspicious financial activities, including money laundering and terrorist financing, and to coordinate cross-border investigations and operations.
The Egmont Group also provides training, technical assistance, and support to member FIUs to enhance their capabilities to detect and prevent financial crimes. Additionally, it promotes the development of FIUs in jurisdictions where they do not yet exist and advocates for the strengthening of the legal and regulatory frameworks that support their operation.
In summary, the Egmont Group's key objective is to promote the development and effectiveness of FIUs and to facilitate information sharing among its members to combat financial crimes on a global scale.