The Egmont Group, uniting world financial intelligence units, intends to consolidate collaboration with FATF and FSRBs

The Egmont Group Plenary meeting took place in Cartagena (Colombia) on June 28 – July 1 , 2010. The delegations of the Russian and Kazakhstani FIUs took part in the meeting. Rosfinmonitroing is Egmont member while Financial Monitoring Committee under the Ministry of Finance of Kazakhstan which participated as an observer is getting ready to join the Egmont Group next year.

The Plenary agenda included the following issues: 

• Election of the new Chair of the Egmont Group
• Members expansion: joining of new FIUs 
• Election of the regional representatives to the Egmont Committee 
• Egmont Group new conception and activity procedure approval
• As a result of the meeting four new members joined the Egmont Group – Afghanistan, Ivory Cost, Cameroon and Uruguay. 

Mr. Boudewijn Verhelst (Deputy head of the Belgian FIU) has been elected a new Chair of the Egmont Group for 2010-2011. 

Alexey Feshchenko (Ukraine), Co-chairman of the EAG Working Group on Typologies joined the Egmont Committee as a regional representative from Europe.

For the first time a special meeting of the G20 heads of FIUs was held as part of the Egmont Plenary. The event was initiated following the recognition by the ministers of finance of G20 of the unique contribution of the FIUs into the work on risk assessment and integrating efforts of the financial sector and law enforcement authorities in combating money laundering and financing of terrorism.

The participants of the Egmont Plenary meeting agreed on the necessity to enhance cooperation of all the international organizations involved in global AML/CFT processes. In particular, this refers to enhancing Egmont collaboration with FATF and FATF-style regional bodies (FSRBs).

With that purpose Egmont has been developing a new training course on Mutual Evaluation that will help the FIUs to undergo FATF/FSRBs mutual evaluation in compliance with the Rec. 26.

The FATF President in 2010-2011 Mr. Lusi Urrutia Corral, who previously performed as Chair of the Egmont Group, declared that consolidating partnership between the two organizations will be one of the FATF strategic priorities under Mexican presidency.

Egmont 20th Plenary meeting will take place in St. Petersburg (Russia) in 2012 and which is also due to facilitate the abovementioned tasks. Russia is a member of Egmont Group, FATF, MONEYVAL and EAG.