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Egmont Group Executive Secretary highlights FIUs’ role in combating TF at the No Money for Terror conference, stressing multilateral information exchange and tech-driven solutions

by Jyotsna Bucktowar | Feb 18, 2025

Key points highlighted the misuse of virtual assets by terrorists to recruit, transfer funds anonymously, and operate via the dark web, with FIUs playing a key role in detecting illicit flows. Public-private partnerships (PPPs) were emphasized as critical for early...

Egmont Group publishes a report detailing the critical role of FIUs in the National Risk Assessment process

by Jyotsna Bucktowar | Nov 26, 2024

It highlights the challenges FIUs face, including resource constraints and data analysis complexities, and underscores the importance of collaboration and information sharing. Successful strategies involve strengthening partnerships, improving technology, and...

Egmont Group requests proposals from potential vendors to plan, develop, and train the EGS IT team to a Data Matching system

by AdrianaAMLP | Nov 5, 2024

The Data Matching system will allow Financial Intelligence Unites (FIUs) identify hits between subjects of interest of one FIU and those of another, without revealing the list of queried subjects to the other FIU.

The Egmont Group launches a newly developed Tackling Trade-Based ML (TBML) & Service-Based ML (SBML) Training Video to combat complex forms of fincrime

by Jyotsna Bucktowar | Oct 24, 2024

TBML involves manipulating trade transactions—such as over- or under-invoicing and using shell companies—to conceal illicit funds. Its detection is challenging for financial institutions due to limited knowledge of trade practices and cross-border operations. • TBTF...

The 2021- 2023 Best Egmont Group Cases Award (BECA) Book: 24 cases demonstrating various ML/TF schemes, and predicate offenses worldwide

by Jyotsna Bucktowar | Sep 27, 2024

This collection provides valuable insights into the global fight against ML/TF by demonstrating the effectiveness of financial intelligence in tackling criminal activities…
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Recent Posts

  • FATF’s updated Financial Inclusion guidance promotes a proportionate RBA to AML/CFT, boosting access for low-risk groups with digital ID solutions while protecting financial integrity
  • CBUAE signs MoU with China’s CIPS to modernise payments, boost cross-border cooperation, accelerate transactions, and reduce fraud, sanctions breaches, and illicit finance risks
  • EU countries agree on new payment rules to combat fraud, foster innovation, protect consumers, and enhance fee transparency across the bloc
  • US DoJ seizes over $225M in cryptocurrency linked to global investment fraud and ML, highlighting the Govt’s intensified efforts to combat digital FC through advanced blockchain forensics
  • Companies House’s 2025–26 Business Plan signals a bold shift in tackling economic crime, equipping the agency with cutting-edge digital tools, tighter ID checks, and expanded powers to curb abuse

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