Membership, Support, and Compliance Working Group

MSCWG Leadership Change

As of January 31st, 2020, Ms. Silvina Rivarola has stepped down as Chair of the Membership, Support and Compliance Working Group (MSCWG) in order to pursue new professional endeavours.

The Egmont Group would like to sincerely thank Ms. Rivarola for her strong leadership and efforts to further the work of the MSCWG during her tenure as Vice Chair and Chair of MSCWG. Ms. Rivarola, over the years, has demonstrated a strong commitment to fighting money laundering and terrorist financing. Her hard work, loyalty and direction will be strongly missed by her colleagues within the Egmont Committee.

The Egmont Group also takes this opportunity to welcome the new Interim Chair of the MSCWG, Mr. Abdelsattar Elnajar of FIU-Egypt. Mr. Elnajar will be filling the role until the upcoming Plenary Meeting in Mexico at which time, a new MSCWG Chair will be appointed.

The Egmont Group thanks both FIU-Egypt and Mr. Elnajar for stepping up in light of these circumstances. Under Mr. Elnajar’s leadership, and with the support of MSCWG Vice Chair Mr. Fuad Aliyev (FIU-Azerbaijan), the MSCWG will continue to successfully meet its goals.

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MSCWG – Mandate

The MSCWG is tasked with ensuring that the high standards and membership criteria are not just applied to new members but also to existing member FIUs. In order to do that the MSCWG must work closely and tactfully with all parties. The MSCWG has a mandate from our governing body, the Heads of FIU to assess new members are fulfilling the legal and operational criteria against the revised international AML/CTF standards and to provide recommendations to assist them in making informed decisions concerning applicant FIUs. Through the establishment of support teams, existing members have an opportunity to address limitations using action plans and the sharing of expertise and experience.   

The maintenance of high standards amongst our units who hold the most sensitive of information is vital to ensure that we maintain the effective lines of communication between those tasked with the detection and prevention of money laundering and the financing of terrorism.

Over the past few years our work has also dovetailed with key international partners. It is through the continuous monitoring and response to a number of triggers which invokes further review of FIUs that we maintain the confidence not just of our peers but all those involved in the prevention and detection of these most serious of crimes. It is only when all FIUs are working in unison and at the very high standards set by our peers that our pivotal roles in our respective jurisdictions ensures the effective and meaningful exchange of information and cooperation that is needed. The MSCWG will continue to engage closely with our key international partners, our regional representatives, and other stakeholders in order to achieve its mandate.