Egmont Group of FIUs Plenary Focuses on Engaging Public-Public Cooperation

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Saturday, July 13, 2019
Bruce Zagaris

On July 5, 2019, during the 26th Plenary of the Egmont Group of Financial Intelligence Units (FIUs) in the Hague, the UN Secretary-General’s Special Advocate for Inclusive Finance for Development (USGSA), her Majesty Queen Máxima of the Netherlands, opened the plenary meeting alongside the Dutch Minister of Justice and Security, Mr. Ferdinand Grapperhaus.  Both focused on the crucial role FIUs play in protecting global financial stability, and the necessity of public-public collaboration in the AML/CFT environment, as well as the importance of financial inclusion as a key factor in the prevention of ML/TF risks.  The UNSGSA underscored that financial inclusion, financial integrity, and financial stability are not only complementary, but also mutually reinforce each other. Mrs. Hennie Verbeek-Kusters, the Head of FIU- the Netherlands and Egmont Group, Chair, presided over the plenary alongside the newly elected Egmont Group Chair, Mariano Federici, President of UIF Argentina.