EGMONT GROUP OF FIU: STATEMENT ON ALLEGATIONS OF FIU MISUSING THEIR POWERS

A statement from the Chair of the Egmont Group said that it has been informed of FIU allegedly misusing the powers conferred to them under their national AML/CFT frameworks.  These deeply concerning allegations pertain to FIU limiting or coercing civil society actors for their work and critiques of current governments in their jurisdictions. It is said that the Egmont Group considers any misuse of FIU powers for purposes other than those mentioned as contrary to international AML/CFT standards and the organisation’s spirit.  It also erodes the critical role FIU play as an interface between the private sector and law enforcement authorities.     

https://egmontgroup.org/en/content/egmont-group-chair’s-statement

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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