The SFMS’s representatives are participating in the Egmont Group’s of Financial Intelligence Units events

From January 28 to February 4, 2022, the SFMS’s representatives are participating in the HoFIU & EC Closed Session Meeting on the IT Renewal Project, IT Professionals Meeting and the Working Groups’ meetings, which due to the restrictions caused by COVID-19 pandemic, are being held online.

During the meetings of the Working Groups, the SFMS’s representatives are presenting the results/achievements in the implementation of the Egmont Group’s projects, in which the SFMS is involved.

Thus, during the Working Group on Information Exchange (IEWG) meeting, the SFMS’s representatives presented the final versions of the closed and public reports, as well as a book with the examples of best activity, which has been worked on for the last 2 years by the SFMS together with the FIU of Belgium, as leads of the project «Assets recovery - the role of the FIU». These documents will be used by the AML/CFT system’s participants to deepen knowledge and explore best practices in asset recovery in the world. After official approval, these documents will be distributed to the system’s participants, and a public version of the report will also be posted on the official websites of the Egmont Group and the SFMS.

In addition, the SFMS initiated the launch of a new project of the Egmont Group on Money laundering from drug trafficking - current status, aimed at researching this important issue in order to study risks and problems, find ways to overcome them, study best practices. The SFMS is a lead of this project, and a number of countries from Europe, Latin America, Africa, Asia and Oceania have joined its team as well.

Also, the SFMS’s representatives are considering the EG IT Renewal Project Plan, as well as a number of issues related to global measures, used by the Egmont Group and its members to combat money laundering, terrorist financing and the proliferation of weapons of mass destruction.

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