• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Egmont Group of Financial Intelligence Units

The Egmont Group of Financial Intelligence Units is a global network of domestic financial intelligence units that aims to expand and systematize international cooperation in the fight against money laundering, terrorist financing, and other financial crimes. Established in 1995 as an informal forum, the Egmont Group was named after the Egmont-Arenberg Palace in Brussels, where the first meeting was held. Membership in 2011 stands at 120 financial intelligence units from countries across the globe. A financial intelligence unit (FIU) is defined by the Egmont Group as a central, national agency within a given jurisdiction that is responsible for receiving (and, as permitted, requesting), analyzing, and disseminating, to the competent authorities, disclosures of financial information. Disclosure obligations, such as suspicious activity reports, are usually imposed on ...

    • Loading...
    locked icon

    Sign in to access this content

    Get a 30 day FREE TRIAL

    • Watch videos from a variety of sources bringing classroom topics to life
    • Read modern, diverse business cases
    • Explore hundreds of books and reference titles