GIF representatives participated in the Egmont Group working group meetings, regional group meetings, training workshops and the Plenary. A number of AML/CFT topics were discussed in the meetings, including the abuse of non-profit organizations for terrorist financing purpose, methods of identifying cyber-enabled fraud and tracing virtual assets as well as money laundering linked to modern slavery. In addition, technical assistance and solutions were provided to members experiencing difficulties in collecting or sharing intelligence. By participating in these meetings and training sessions, GIF representatives deepened their understanding and appreciation of the latest information and international trends in current financial crimes, which play an important role in the effective prevention and suppression of ML/TF, and negotiated the feasibility of bilateral intelligence exchanges with a number of financial intelligence units.
The Egmont Group is committed to facilitating exchanges between various financial intelligence units and law enforcement agencies and to providing a secure platform for the exchange of expertise and financial intelligence, so as to assist in the fight against ML/TF and related crimes. Currently, financial intelligence units from more than 160 jurisdictions are members of the Egmont Group. With the expectation of achieving effective detection, prevention and interception of serious financial crime and money laundering activities, GIF has been actively participating in international conferences and sharing the latest updates and international trends with domestic sectors, regulators and law enforcement agencies.
GIF representatives participated in the Egmont Group Plenary 2023
