With the support of the EU Anti-Corruption Initiative (EUACI) the experts of the State Financial Monitoring Service of Ukraine (SFMS) will participate in a meeting of the Egmont Group that will be held from 28 to 31 January in Jakarta, Indonesia.
During their visit, the representatives of the SFMS will have the opportunity to discuss the problems faced by the Financial Intelligence Units (FIU). The Ukrainian experts will be actively involved in the projects of the working group on operational issues on combating corruption, money-laundering and cooperation between FIUs and customs authorities. In particular, the SFMS was included to the team of the working group on Anti-Corruption Project.
The representatives of the State Financial Monitoring Service will also attend a meeting of the working group on technical and expert assistance, in particular, in the organization of educational projects. The competence of this working group refers to the work related to the Competition for the Best Egmont Case Award (BECA), the winner of which the SFMS was in 2018.During this investigation a global scheme of legalization of funds which involved more than 1,000 entities worth about 1.4 billion dollars was revealed.
The Egmont Group of Financial Intelligence Units is a united body of 155 Financial Intelligence Units (FIUs) from around the world. The Egmont Group Committee serves as a consultation and coordination mechanism for the Heads of FIUs and Working groups. The Egmont Group members have the opportunity to exchange information on financial investigations, experience, and opportunities to combat legalization (laundering) of the proceeds from crime, terrorist financing, and the financing of proliferation of weapons of mass destruction.