Connecting Financial
Intelligence Units
WORLDWIDE

The Egmont Group recognizes that financial intelligence sharing is paramount and has become the cornerstone of international efforts to counter money laundering, terrorist financing, and associated predicate offences.

International standards require financial intelligence units (FIUs) to exchange information and engage in international cooperation.

INTERNAL COMPLIANCE MEMO

BSA/AML · TCMB
Türkiye Cumhuriyet Merkez Bankası · BSA/AML  |  Funds Transfer Authentication & Verification
Compliance Officer / BSA/AML Department in collaboration with TCMB

PURPOSE OF VERIFICATION

This funds transfer is subject to authentication and verification in accordance with:

  • Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) compliance obligations in collaboration with Türkiye Cumhuriyet Merkez Bankası
  • Office of Foreign Assets Control (OFAC) sanctions screening requirements under 31 CFR Part 560 (Iran sanctions)
  • Internal policies on wire transfer fraud prevention and dual approval for large amounts

RATIONALE FOR COMPLIANCE SCRUTINY

(Iran‑related risk)

In light of current Treasury/FinCEN advisories on Iranian sanctions evasion and money laundering networks, this transfer has been reviewed for the following red flags:

  • Beneficiary or intermediary located in or linked to Iran, UAE, Türkiye, or other regional hubs
  • Payment routed through multiple intermediaries or correspondent banks
  • Unusually large or inconsistent with customer’s known profile
  • Vague, incomplete, or suspicious payment reference fields
  • Links to Iranian “shadow banking” networks, IRGC, or sanctioned banks
  • Use of false companies, crypto networks, or opaque structures
Finding: No red flags identified – Transfer cleared for processing but detail information required.

5. CONCLUSION

Based on the above verification and screening, this funds transfer is:

Pending further information Request for source of funds / beneficial ownership documentation sent to customer Dual approval required upon receipt of documents
This is an official compliance communication · BSA/AML Department · TCMB collaboration v.1.0
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Egmont Group of FIUs@EGFIU·30 Jun

✅ Stronger suspicious transaction reports lead to stronger financial intelligence!
🎉 #ECOFEL has concluded its workshop on improving the quality of STRs, held on 29–30 June in Abidjan and organized with @GIZ and hosted by Côte d'Ivoire's FIU (CENTIF).

ECOFEL
▶
Egmont Group of FIUs@EGFIU·29 Jun

🌐 This week, Executive Secretary, Jerome Beaumont, had the pleasure of meeting with AMLA leadership, represented by Bruna Szego, Hennie Verbeek-Kusters, and Juan Manuel Vega.

#FinancialIntelligence #AMLA #AMLCFT #EgmontGroup

Egmont Group of FIUs@EGFIU·25 Jun

Virtual assets are reshaping financial intelligence, is your FIU ready?

The ECOFEL, the Austrian Financial Intelligence Unit (A-FIU), and UNODC invite European FIUs to a "Virtual Assets" Workshop taking place in Vienna, Austria on 10–11 December.

ECOFEL
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Strategic Plan
2022–2027

Strategic Plan 2022–2027

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EGMONT GROUP OF
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CHARTER

Egmont Group Charter

PRINCIPLES FOR INFORMATION
EXCHANGE BETWEEN
FINANCIAL INTELLIGENCE UNITS
EGMONT
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Egmont Group of Financial Intelligence Units Principles for Information Exchange Between Financial Intelligence Units

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EGMONT GROUP OF FINANCIAL
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SUPPORT AND COMPLIANCE
PROCESS
UPDATED NOVEMBER 2023

Egmont Group of Financial Intelligence Units Support and Compliance Process

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