On July 12, 2019, the Egmont Group, a global body comprising 164 financial intelligence units (FIUs), released the summaries of two reports prepared by the Egmont Information Exchange Working Group (IEWG), which are titled “FIU Tools and Practices for Investigating Laundering of the Proceeds of Corruption” and “Counter Terrorist Financing Project Lone Actors and Small Cells”.
The first report examines tools, methods, techniques and indicators associated with laundering the proceeds of corruption, deployed by FIUs to collect, analyse and disseminate financial intelligence on cases related to corruption. The report also explores the main challenges faced by FIUs in their fight against financial crime.
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