Introduction

The Egmont Group has launched its strategic plan for the period 2022-2027, marking a pivotal moment for the organization dedicated to enhancing international cooperation against money laundering and terrorist financing. This blog post delves into the foundational elements of the strategic plan, outlining the vision, mission, and primary themes that will guide the group's efforts.

Mission and Vision

The mission of the Egmont Group remains robust, centered around enhancing the operational capabilities of its members to support global efforts in combating financial crimes. The strategic plan articulates a vision where the Egmont Group stands as an agile and proactive entity within the Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) ecosystem. The organization aims to foster an environment of trust and mutual cooperation, emphasizing inclusivity and equal treatment among its members, regardless of their size or maturity.

Core Values and Aspirations

The Egmont Group's core values revolve around agility, trustworthiness, diversity, and inclusivity. These values are not just pillars of internal operations but also define the group's external engagements. By upholding these values, the Egmont Group aspires to be recognized as a cornerstone of the AML/CFT ecosystem, facilitating effective intelligence sharing and promoting continuous improvements in international cooperation.

Four Thematic Areas of Action

The strategic plan introduces four thematic areas of action (TAA), each aimed at addressing specific challenges within the AML/CFT landscape:

1. Enhancing Information Exchange: Strengthening the framework for effective information sharing among Financial Intelligence Units (FIUs).
2. Strengthening Partnerships: Building robust collaborations with international partners to amplify the group's influence and effectiveness.
3. Knowledge Development: Focusing on the advancement of knowledge on emerging AML/CFT methods, trends, and best practices.
4. Support to Members: Offering targeted support to enhance the operational effectiveness of member and candidate FIUs.

Conclusion

Part 1 of this series has set the stage by exploring the foundational elements of the Egmont Group's strategic plan. These elements reflect a deep commitment to advancing the global AML/CFT framework through strategic cooperation, innovation in information exchange, and continuous capability enhancement. Stay tuned for Part 2, where we will delve into the specific strategic goals and the performance mechanisms set to realize this ambitious plan.

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