Iraq's candidacy for membership in the Egmont Group of Financial Intelligence Units

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The Anti-Money Laundering and Terrorist Financing Office of the Central Bank of Iraq announced that the heads of the Financial Intelligence Units agreed to nominate the office to join the membership of the Information Exchange Group between the Financial Intelligence Units for combating money laundering and terrorist financing in 167 countries (Egmont Group) during the group's meetings to be held in next July. This took place during the discussion of the report on the field visit to  Iraq that was carried out by the representatives of the sponsoring countries at the meeting of the Working Group on Membership, Support and Commitment MSCWG held in Senegal on 1/31/2023, and the group concluded after presenting the report by the representatives of the sponsoring countries to nominate the office for membership in the ( Egmont) with full membership during the July 2023 meetings.

It is worth noting that the Egmont Group includes 167 countries so far and works to facilitate the exchange of information on criminal proceeds, money laundering and terrorist financing at the international level by providing the office with a secure communications network with countries of the world, which contributes to following up the movement of funds internationally and strengthening financial investigation procedures to reach Money and asset recoveries. The support provided by the group includes expanding and organizing international cooperation in the exchange of financial intelligence information, increasing the effectiveness of financial information units by providing training and exchanging employees to improve the expertise and capabilities of employees, and enhancing secure communication between units through the application of technology via the secure Egmont network. This achievement is the result of extensive efforts made by the Anti-Money Laundering and Terrorism Financing Office, the Central Bank of Iraq and a number of concerned institutions in Iraq.

 

Central Bank of Iraq

Media Office

31/1/2023