June 25, 2009 (LBO) – Sri Lanka’s financial intelligence unit (FIU), said it had joined the Egmont group, a global association of agencies that combat money laundering and terrorist financing. The 116 member group was established in 1995, Sri Lanka’s FIU which functions under the central bank said.
The Egmont Group membership will allow Sri Lanka to tighten partnerships to exchange financial intelligence with other countries, the FIU said.
“Since money laundering and terrorist financing are often globally organized, global cooperation of FIUs is a key strategy to deal with such activities,” the FIU said in a statement.
At the Egmont Group meeting in Doha, Sri Lanka also signed an agreement with the FIU of Indonesia to exchange intelligence.