Key Objectives of the Egmont Group

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The Egmont Group is an international organization that brings together Financial Intelligence Units (FIUs) from around the world to enhance cooperation and information exchange in the fight against money laundering, terrorism financing, and other financial crimes.

The two key objectives of the Egmont Group are:

A. Serving as a united body of financial intelligence units across the world: The Egmont Group acts as a platform to facilitate the exchange of information among FIUs globally. The group encourages its member FIUs to share information on money laundering, terrorist financing, and other financial crimes, and to cooperate in investigations. The group also provides a forum for FIUs to discuss challenges they face, share best practices, and coordinate their efforts.

D. Providing a platform for the secure exchange of financial intelligence: The Egmont Group provides a secure platform for the exchange of financial intelligence among its member FIUs. This platform is designed to ensure the confidentiality and integrity of the information exchanged. The group has established a set of principles and guidelines that its members must follow when exchanging information, to ensure that the information is used appropriately and in accordance with relevant laws and regulations.

The Egmont Group does not serve as a prudential regulator for global financial institutions (FIs) or set international standards that aim to prevent AML/CFT, although it may collaborate with other organizations to achieve these objectives. It also does not serve as an authoritative body in the field of anti-corruption. Its primary focus is on enhancing the effectiveness of FIUs in detecting, preventing, and combating financial crimes.