The Egmont Group is a united body of 166 Financial Intelligence Units (FIUs). The Egmont Group provides a platform for the secure exchange of expertise and financial intelligence to combat money laundering and terrorist financing (ML/TF). This is especially relevant as FIUs are uniquely positioned to cooperate and support national and international efforts to counter terrorist financing and are the trusted gateway for sharing financial information domestically and internationally in accordance with global Anti Money Laundering and Counter Financing of Terrorism (AML/CFT) standards.
The Financial Intelligence Unit of the Commonwealth of The Bahamas (FIU) became the 54th member of the Egmont Group of Financial Intelligence Units during the Group’s June 2001 meeting, held in The Hague, Netherlands.
The FIU was an active participant in the Egmont “Outreach” Working Group and monitored and successfully sponsored the FIUs of the following countries for membership in the Egmont Group: Anguilla, Antigua and Barbuda, Barbados, Dominica, Belize, St. Vincent and The Grenadines, St. Kitts and Nevis, Grenada, Trinidad, Turks and Caicos Islands and St. Lucia.