The Egmont Group reported on its efforts to strengthen international cooperation against cyber offences, with Executive Secretary Jerome Beaumont setting out practical ways for financial intelligence units (FIUs), law enforcement and prosecutors to work together more effectively at the 30th Annual Conference and General Meeting of the IAP. The emphasis was on earlier intelligence sharing, secure cooperation channels and joint cross-border investigations. The update underscored the role of FIUs in tracing illicit financial flows and supporting prosecutions, and highlighted the Egmont Cyber-enabled Fraud Rapid Response Program as a tool for swift asset recovery, citing a 70% success rate when action is taken within 24 hours. It also pointed to a new joint handbook by the Egmont Group, the Financial Action Task Force, INTERPOL and the United Nations Office on Drugs and Crime offering practical guidance for informal and formal international cooperation, alongside case studies from FIU Philippines and FIU India.
Egmont Group 2025-09-10
Egmont Group promotes early cross-border intelligence sharing and its Cyber-enabled Fraud Rapid Response Program to tackle cybercrime
The Egmont Group stressed improving international cooperation against cyber offences, highlighting financial intelligence units' role in tracing illicit financial flows and supporting prosecutions, focusing on early intelligence sharing and joint investigations. The update introduced a new joint handbook for international cooperation and noted the Egmont Cyber-enabled Fraud Rapid Response Program's 70% success rate in asset recovery within 24 hours.