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20th PLENARY OF THE EGMONT GROUP OF FINANCIAL INTELLIGENCE UNITS-RUSSIA 15/Jul/2012

20th PLENARY OF THE EGMONT GROUP OF FINANCIAL INTELLIGENCE UNITS-RUSSIA

The Egmont Group of Financial Intelligence Units (FIUs) met this week in Saint Petersburg, Russia during the period from 8 to 13 /7/2012, to discuss ways to meet the challenges being faced in the sharing of information and financial intelligence between FIUs in order to support international AML/CTF efforts.
The 20th Egmont Group Plenary was attended by participants who were representatives of FIUs, regional and international organizations.

During the plenary, a number of topics and issues were tackled and endorsed, namely the renewal for the Head of Qatar Financial Information Unit (QFIU) and the Director of the Financial Intelligence Unit-India(FIU-IND) as Co-chairs of Asia Group for one additional year.
FIUs of Jordan and Tunisia were endorsed as new members of the Egmont Group under QFIUís Co-chairing of Asia Group.

The Heads of FIUs also endorsed a new Executive Secretary of the Egmont Group, Mr. Kevin Stephenson, replacing Ms. Bronwyn Somerville, who has been in the position since 2007. Moreover, bilateral cooperation agreements were signed between Egmont members on the sidelines of the plenary. The cooperation agreements reflect the increasing willingness for Egmont members to work together in the exchange of information, which will deliver practical and positive results in expanding and organizing the flow of intelligence information and enhancing the means of communications among FIUs.

About the Egmont Group

In 1995, a group of FIUs met at the Egmont Arenberg Palace in Brussels and decided to establish an informal group for the stimulation of international co-operation. Now known as the Egmont Group of Financial Intelligence Units, these FIUs meet regularly to find ways to cooperate, especially in the areas of information exchange, training and the sharing of expertise and cooperation in the fight against money laundering and financing of terrorism.
A Financial Intelligence Unit is a central, national agency responsible for receiving, analyzing and disseminating to the competent authorities, disclosures of financial information.

The FIUs around the world play a vital role and are taking practical steps to effectively implement AML/CFT measures consistent with the Egmont Group principles, which among others, call on the FIUs to enhance international bilateral and multilateral cooperation in the field of financial analysis.

For more information about the Egmont Group, please visit: http://www.egmontgroup.org


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AML Laws

Law No.(4) of 2010, Combating Money Laundering and Terrorism Financing.
Law No.(3) of 2004, Combatting Terrorism.
Law No.(11) of 2004, Penal Code Of Qatar.
Law No.(23) of 2004, Code Of Criminal Procedures.

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