Latest news with #EgmontGroup
Daily Tribune
14-07-2025
- Business
- Daily Tribune
Bahrain Participates in Global Meeting on Financial Intelligence in Luxembourg
Shaikha Mai bint Mohammed Al Khalifa, Chief Executive of Bahrain's National Financial Intelligence Centre, led the Kingdom's delegation to the 31st Egmont Group Plenary Meeting, held in Luxembourg from July 6 to 11. The high-level event brought together representatives from 181 financial intelligence units (FIUs) around the world. The meeting marked the 30th anniversary of the Egmont Group and focused on strengthening the independence and operational efficiency of FIUs, securing sufficient resources to combat illicit finance, and improving the group's secure information exchange network. In a significant move, the Egmont Group announced that June 9 will now be observed annually as International FIUs Day—a global recognition of the critical role these units play in fighting financial crimes and promoting transparency worldwide. At the close of the meeting, the Egmont Group extended its appreciation to Shaikha Mai for her outstanding contributions during her term as the group's Deputy Chair and Regional Representative for the Middle East and North Africa. Her leadership was praised for enhancing international cooperation and supporting the group's mission to build stronger global financial intelligence networks.
Times of Oman
10-07-2025
- Business
- Times of Oman
NCFI signs four MoUs on combating money laundering and financing terrorism
Luxembourg: On the sidelines of the Egmont Group's General Meeting, held in Luxembourg, the National Centre for Financial Information signed four memoranda of understanding with counterpart units in the Kingdom of the Netherlands, Japan, the Democratic Socialist Republic of Sri Lanka, and the Republic of Kazakhstan regarding the exchange of information related to money laundering, associated predicate offenses, and terrorism financing. These agreements aim to enhance joint cooperation, coordinate efforts, and facilitate the exchange of information, expertise, and best practices.
Zawya
09-07-2025
- Business
- Zawya
Kuwait signs deals with India, Iraq to bolster anti-money laundering, terrorist financing
KUWAIT: Kuwait's Financial Intelligence Unit and India's Anti-Money Laundering Bureau signed on Tuesday a memorandum of understanding (MoU) aiming to beef up cooperation on information exchange and financial intelligence efforts. In a statement to KUNA, the Kuwaiti financial watchdog's chief Hamad Al-Mekrad said the deal, signed after a gathering of global financial watchdog body Egmont Group, is a testament to Kuwait and India's collective commitment to boost transparency and cooperation, based on the principles and guidelines of the global financial organisation of intelligence units. The agreement is a major step forward towards clamping down on financial crime at a time of growing challenges that require greater cooperation and information exchange. Al-Mekrad noted that the priority now is to expand the scope of international cooperation, enhance the efficiency of information exchange in accordance with the highest standards, strengthen technical analysis capabilities, and build partnerships with counterpart units, thus contributing to protecting the national and global financial system from any illicit exploitation. Kuwait's Financial Intelligence Unit and Iraq's Anti-Money Laundering and Terrorist Financing Bureau signed on Tuesday a MoU aiming to beef up cooperation on information exchange and financial intelligence efforts. The agreement is a major step forward towards clamping down on financial crime at a time of growing challenges that require greater cooperation and information exchange, Al-Mekrad said in a statement. The level of cooperation between the Kuwaiti and Iraqi financial intelligence units has been on an upward trajectory even before the new deal came to fruition, added the official, expecting the agreement to be instrumental in simplifying the flow of bilateral information exchange, he underlined. The deal is part of Kuwaiti efforts to broaden financial cooperation with international bodies, subsequently putting in place a financial environment marked by transparency and safety, he said
