MMA’s Financial Intelligence Unit Joins Egmont Group

Maldives Monetary authority’s headquarters. – Photo: Sun Online

The Maldives Monetary Authority (MMA)’s Financial Intelligence Unit has become a member of the Egmont Group of Financial Intelligence Units.

The Egmont Group of Financial Intelligence Units (Egmont Group) is an international organization working to establish a network for the robust, secure, and swift exchange of information on money laundering, terrorist financing, and other financial crimes.

The Maldives Financial Intelligence Unit was appointed as a member of Egmont at the 30th annual meeting of the Egmont Group, which began on June 2 in Paris, France.

The FIU had first applied to become a member of the Egmont Group in 2017. The financial intelligence units of Bangladesh and Sri Lanka acted as sponsors to assist the Maldives in this regard.

Being a member of the Egmont Group will allow the country’s financial intelligence unit to exchange information between its member financial intelligence units, seek various technical assistance, and participate in various important projects of the Egmont Group.

Membership in the Egmont Group is a major boost to MMA’s and the country’s financial intelligence unit’s efforts to combat money laundering and terrorist financing.


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