The Financial Intelligence Unit (FIU) of the Maldives has officially been appointed as a member of the Egmont Group of FIUs during the 30th Annual Meeting of the Egmont Group, which began on June 2 in Paris, France.
The Egmont Group is notably an international network of Financial Intelligence Units (FIUs) dedicated to fostering secure and rapid information exchange on money laundering, terrorism financing, and other financial crimes.
According to the Maldives Monetary Authority (MMA), the Maldives FIU applied for membership in the Egmont Group in 2017, with support from the FIUs of Bangladesh and Sri Lanka. This milestone marks a significant advancement for the Maldives, facilitating enhanced information exchange among FIUs and providing access to technical assistance and participation in key Egmont Group projects.
Moreover, MMA highlighted that Maldivian membership in the Egmont Group is a crucial step forward in the nation’s efforts to combat money laundering and terrorism financing. It further conveyed gratitude towards Maldivian administrative bodies and international organisations for their collaborative efforts, whose support was instrumental in Maldives attaining Egmont membership.