Egmont Group

From Wikipedia, the free encyclopedia

This article may require cleanup to meet Wikipedia's quality standards.
Please improve this article if you can. (August 2006)

The Egmont Group of Financial Intelligence Units is an informal international gathering of financial intelligence units (FIUs). The Group was formed in 1995, and took its name from the palace in Brussels where the meeting took place. Some 101 countries have created FIUs, which are national centers to collect information on suspicious or unusual financial activity from the financial industry and other entities or professions required to report transactions suspicious of being money laundering or terrorism financing. FIUs are normally not law enforcement agencies; their mission is to process analyze the information received. If sufficient evidence of unlawful activity is found, the matter is passed to the public prosecution.