A session of the Egmont Group is currently taking place in the Principality until February 5. Opened by a speech of H.S.H. Prince Albert II, in the presence of the Government Counsellor for Finance and the Economy, Jean Castellini, and many personalities, it marks the commitment of the Prince’s Government in the fight against money laundering and the financing of terrorism at a time when the challenges attached to these problems are without precedent.
Monaco had already hosted, in 2002, the 10th plenary meeting of the Egmont Group which then had only 51 members.
Today, this organization, created in 1995, brings together 151 financial intelligence units (FIUs) worldwide. It aims to gather its members regularly to exchange experiences, establish good practices, organize training, develop legal, technical and logistic tools in order to facilitate their exchange of information and meet international standards.
The Information and Monitoring Service on Financial Circuits (SICCFIN), the monegasque FIU, regularly attends these meetings and shares a mission with other units, members of the Egmont Group: to fight against money laundering and financing of terrorism.
