http://news.yahoo.com/news? tmpl=story&u=/afp/20051005/bs_afp/bulgariacrime_051005174410
Joint intelligence effort to curb money laundering Wed Oct 5, 1:44 PM ET SOFIA (AFP) - Financial intelligence experts from 47 countries met in Sofia to discuss efficient ways to curb money laundering in a joint effort within the international organization of financial intelligence services Egmont Group. Egmont Group unites "financial intelligence services from 104 member countries who monitor financial resources that might have possibly come from organized crime or been linked to terrorism," Bulgarian Financial Intelligence chief Vassil Kirov told AFP. "In order to have a preventive role they have to be able to quickly share information among themselves, and not be delayed due to restrictions" like banking secrets, he added. Kirov also praised "progress" in the body since it was first created in 1995. When Egmont group first started its investigations its members "were content if they could determine the official directors of offshore companies, suspected of money laundering. Now, in most of the cases, they are actually able to trace down the chief owner of the company in question," Kirov said. "Four or five years ago we were denied information from certain countries that preferred to remain under 'the jurisdiction of fiscal preferences'," as they called their refusal to share data, he said. But the group insisted Wednesday that all its members adjust their financial systems' legislation to permit the speedy exchange of information that can be analysed and passed on to the police and the prosecutors if they suspect an illegal money operation. The talks were scheduled to continue Thursday among the almost 100 representatives from 47 countries, including Canada, Japan, Russia, all 25 EU member states and the United States. ------------------------ Yahoo! Groups Sponsor --------------------~--> Fair play? Video games influencing politics. Click and talk back! http://us.click.yahoo.com/VpgUKB/pzNLAA/cUmLAA/TySplB/TM --------------------------------------------------------------------~-> -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
