The Egmont Group is a global network of Financial Intelligence Units (FIUs) that aims to enhance the capabilities and cooperation of its members in combating money laundering, terrorist financing, and other financial crimes. The Egmont Group supports its FIU members by helping them to expand and systematize the exchange of financial intelligence and information, improve expertise and capabilities of personnel, and enable secure communication with one another12. The Egmont Group does not issue due diligence models for financial institutions, as this is the responsibility of national regulators and standard-setting bodies. The Egmont Group does not issue strategic products for law enforcement agencies and FIUs, as this is the role of other international organizations such as the Financial Action Task Force (FATF) and the United Nations Office on Drugs and Crime (UNODC). The Egmont Group does not expand the ability of FIUs to enforce laws and exchange information globally, as this depends on the legal and operational frameworks of each FIU and the bilateral or multilateral agreements they have with other FIUs.
Egmont Group
Working Groups - Egmont Group
Overview of the Egmont Group of Financial Intelligence Units
The Egmont Group of Financial Intelligence Units | FinCEN.gov
Egmont Group - Qatar Financial Information Unit

Structuring is the practice of breaking down large amounts of cash into smaller transactions to avoid triggering currency transaction reports (CTRs) or suspicious activity reports (SARs) by financial institutions.
CTRs are required for cash deposits or withdrawals of more than $10,000 in the United States, and SARs are filed when there is a reasonable suspicion of money laundering or other illicit activity. By making multiple deposits of less than $10,000 at different tellers, the owner of the retail store is attempting to evade the reporting requirements and conceal the source or destination of the funds. This is a common technique used by money launderers in the placement stage of the money laundering process, when they try to introduce illegal proceeds into the financialsystem. Structuring is illegal under the Bank Secrecy Act and can result in civil and criminal penalties.
6: CAMS Certification Package - 6th Edition | ACAMS, Chapter 2: Money Laundering Risks and Methods, page 43
1: Structuring Cash Deposits, Withdrawals, & Transactions Risk, Golding & Golding
2: Structuring - Wikipedia

U.S. AML lawshave significantextraterritorial effectsdue tothe dominance of the U.S. dollar in global finance.
* Option C (Correct):Section 319(b) of the USA PATRIOT Actallows theseizure of funds from foreign correspondent bank accountsin the U.S.
* Option D (Correct):OFAC sanctionscan affectnon-U.S. entitiesif theyengage in prohibited transactions using U.S. dollars.
* Option A (Incorrect):TheTravel Rule applies only to financial institutions under U.S. jurisdiction.
* Option B (Incorrect):TheAML Act of 2020strengthensU.S. financial crime enforcement, butdoes not govern all USD transactions worldwide.
Reference:USA PATRIOT Act Section 319(b), OFAC Sanctions Guidelines, FinCEN Travel Rule Compliance.

United Nations (UN) sanctionsarebindingon allUN member states, but their effectiveness depends onswift adoption and enforcement by national governments.
* Option B (Correct):For UN sanctions to be effective, they must be enforced by all member statesthroughstrong domestic legal mechanisms.
* Option A (Incorrect):UN sanctions are not necessarily implemented faster than unilateral sanctions (e.
g., U.S. OFAC sanctions).
* Option C (Incorrect):While UN sanctions apply internationally, enforcement depends on national governments, making implementation inconsistent.
* Option D (Incorrect):Clarity of sanction measures is important, but enforcement is the primary factor determining effectiveness.
Key Features of UN Sanctions:
* Mandated by the UN Security Council under Chapter VII of the UN Charter.
* Binding on all 193 UN member states.
* May include asset freezes, travel bans, and trade embargoes.
Best Practices for UN Sanctions Compliance:
* Ensure national enforcement aligns with UN Security Council resolutions.
* Monitor sanctioned individuals/entities through real-time screening tools.
* Cooperate with international organizations to prevent sanctions evasion.
Reference:
FATF Recommendation 6 (Targeted Financial Sanctions)
United Nations Security Council (UNSC) Sanctions Guidelines
EU & OFAC Guidance on Sanctions Implementation