What is the main role of the Egmont Group in combating money laundering and terrorist financing?

Last Updated on January 25, 2022 by Admin 3

What is the main role of the Egmont Group in combating money laundering and terrorist financing?

  • To establish regulations that countries must use when establishing their own FIUs
  • To find ways that FIUs can better cooperate amongst themselves and exchange information
  • To require that all countries participate in a global repository for the sharing of information
  • To create standards that countries can use when drafting laws to combat money laundering and terrorist financing
Explanation:
Reference: https://egmontgroup.org/en/content/about
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