CAMS · Question #572
The Egmont Group is a world wide organization of
The correct answer is B. financial intelligence units. The Egmont Group is a global network of 170 financial intelligence units (FIUs) that facilitate the exchange of information and cooperation among member FIUs to combat money laundering, terrorist financing, and associated predicate offences. FIUs are national agencies that…
Question
The Egmont Group is a world wide organization of
Options
- Abanking regulators.
- Bfinancial intelligence units.
- Claw enforcement authorities.
- Dcentral banks.
How the community answered
(39 responses)- A3% (1)
- B77% (30)
- C13% (5)
- D8% (3)
Explanation
The Egmont Group is a global network of 170 financial intelligence units (FIUs) that facilitate the exchange of information and cooperation among member FIUs to combat money laundering, terrorist financing, and associated predicate offences. FIUs are national agencies that collect, analyze, and disseminate financial intelligence to relevant authorities. The Egmont Group supports the implementation of international standards and best practices for FIUs, provides training and technical assistance, and promotes the development of secure and effective communication channels.
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