New Publication: Egmont Group Bulletin - Professional Money Laundering Facilitators

During the 26th Egmont Group Plenary meeting in The Hague, The Netherlands, the Heads of FIU (HoFIU) endorsed the Egmont Information Exchange Working Group's (IEWG's) Bulletin on Professional Money Laundering Facilitators.

The focus of this Bulletin is on the shadow market of professional facilitators, who provide services of moving, redistributing and laundering illicit funds. Professional money laundering facilitators work with money irrespective of its origin, providing expertise to hide, conceal and disguise illicit funds, providing "Money Laundering-as-a-service".

This Bulletin should assist authorities and reporting entities in better detecting, investigating, and reporting the proceeds of professional money laundering activities.

 

The Bulletin can be found here.