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Egmont Group Helping African FIUs, But Hurdles Remain
By Colby Adams
printMembers of an intergovernmental group that shares information on money laundering and fraud are working to improve the financial intelligence units in sub-Saharan Africa, according to the organization's annual report. The initiative by the Toronto-based Egmont Group comes as the organization is set to accept financial intelligence units (FIUs) from Cameroon, Seychelles, Madagascar and Cote d'Ivoire as members, according to an Aug. 31 report by the organization. FIUs from Senegal and Malawi joined the organization in May. The Egmont Group, an informal association of FIUs, is now working to help establish financial intelligence agencies in Liberia, Ghana and the Republic...
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Members of an intergovernmental organization of financial intelligence units are considering plans to streamline the exchange of data on potential financial crimes across national borders, an official with the group said Monday.
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