Maldives central bank joins global anti-money laundering group
The FIU of Bangladesh and Sri Lanka helped Maldives secure membership in the group and acted as sponsors.
By
Aishath Fareeha Abdulla
The Financial Intelligence Unit (FIU) of the central bank Maldives Monetary Authority (MMA) has been awarded membership of the Egmont Group, an international organisation that facilitates cooperation and intelligence sharing between national financial intelligence units to investigate and prevent money laundering and terrorist financing.
MMA's FIU became a member of the Egmont Group at the 30th Annual Meeting of the Group in Paris, France.
MMA's FIU first applied to become a member of the Egmont Group in 2017.
The FIU of Bangladesh and Sri Lanka helped Maldives secure membership in the group and acted as sponsors.
Being a member of the Egmont Group will enable MMA’s FIU to exchange information between its member financial intelligence units as well as access a variety of technical assistance and participate in key Egmont Group projects.
This is a further step forward in the important work of the MMA and the Financial Intelligence Unit to combat money laundering and terrorism financing, the central bank said.
