Russia Suspended From Global Financial Intelligence Group
- Egmont Group shares data on money laundering, terror financing
- Russia had lobbied to retain membership of the global group
The group brings together intelligence units across the globe to cooperate and share information on money laundering, terrorist financing and other related crimes.
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Russia has been suspended from the Egmont Group of financial intelligence units.
The group brings together more than 160 intelligence units from around the world, including the US Treasury’s Financial Crimes Enforcement Network, to cooperate and share information on money laundering, terrorist financing and other related crimes. The suspension that was agreed upon on Wednesday means Russia’s access to that information will be restricted, according to people familiar with the matter.