The Egmont Group’s Information Exchange Working Group has launched Phase II of its project on enhancing Financial Intelligence Units’ (FIUs) role in the asset recovery process, building on findings published in 2021. The phase is positioned as practical support for jurisdictions seeking to improve how FIUs contribute to identifying and securing illicit assets, and is accompanied by a report compiling national strategies, case studies and recommendations. Phase II focuses on strengthening FIU powers to suspend and freeze assets, improving domestic and international cooperation, and increasing the use of financial intelligence and IT tools, alongside strategic partnerships with the private sector. The work is framed against recent amendments to Financial Action Task Force Recommendations 4, 30, 31, 38 and 40, which strengthen the global asset recovery toolkit available to FIUs, law enforcement and prosecutors.
Egmont Group 2025-10-10
Egmont Group launches Phase II project to strengthen FIU effectiveness in asset recovery
The Egmont Group's Information Exchange Working Group has initiated Phase II of its project to enhance Financial Intelligence Units' (FIUs) role in asset recovery, focusing on strengthening FIU powers, cooperation, and use of financial intelligence tools, aligned with recent Financial Action Task Force amendments. This phase aims to support jurisdictions in improving FIU contributions to identifying and securing illicit assets.