TheEgmont Groupis aninternational network of Financial Intelligence Units (FIUs)thatenhances cooperation and information sharing to combat financial crime.
Option A (Correct):The Egmont Groupimproves global cooperationby enabling FIUsto exchange financial intelligence securely.
Option C (Correct):Thegroup facilitates secure communication channelsforsharing money laundering and terrorist financing intelligence.
Option E (Correct):TheEgmont Group fosters trust between FIUs, allowing them to work collaborativelyon cross-border investigations.
Why Other Options Are Incorrect:
Option B (Incorrect):The Egmont Groupdoes not negotiate case-by-case memoranda of understanding (MoUs)for individual cases.
Option D (Incorrect):The Egmont Groupdoes not draft AML legislation; itprovides guidance but does not have regulatory authority.
Key Functions of the Egmont Group:
Facilitating cross-border cooperation among FIUs.
Providing a secure network (Egmont Secure Web) for intelligence sharing.
Developing best practices for AML/CFT investigations.
[Reference:, FATF Recommendation 29 (Role of FIUs in AML/CFT), Egmont Group Charter and Principles for FIU Collaboration, Wolfsberg Group AML Guidance on FIU Information Exchange, , , , ]
