Date : 7/12/2020 10:04:34 AM
From : "IMMR"
To : "JoanneO@justice.gov.il"
Subject : Update on the implementation of revised Trigger 3 of the SCP and request for its temporary suspension
Attachment : 2020 July - HOFIU - MEMO - Suspenssion Implementation Trigger 3 Effectiveness.pdf;Annex 3.pdf;Annex 6.pdf;Annex 9.pdf;Annex 1.pdf;Annex 2.pdf;Annex 5.pdf;





-------- Forwarded Message --------
Subject: Update on the implementation of revised Trigger 3 of the SCP and request for its temporary suspension
Date: Fri, 10 Jul 2020 14:40:46 -0400
From: ESecretariat <secretariat@egmont.org>
To:


Dear Heads of FIU,

We hope this email finds you well. Please find attached a Memorandum from the Egmont Committee (including 9 annexes), which presents an update on the implementation of revised Trigger 3 of the Support and Compliance Process (SCP). In this Memorandum the Egmont Committee conducts a thorough analysis of the situation recommends the Heads of FIU the following: 

  1. Note the update on the implementation of the revised Trigger 3 of the SCP, including the short-term consultant’s final report, the new MERs referred to the EC and the number of available experts for Trigger 3 reviews.
  1. Note that the EC, consistent with its mandate as stipulated in sections 6.3.A and 6.3.B.5 of the Egmont Charter, is having a strategic discussion about the practical implementation of the SCP, in order to determine if it is serving its purpose or it should be replaced by an alternative mechanism that would require fewer resources from the Egmont Group. 
  1. Suspend temporarily the implementation of the revised Trigger 3 under effectiveness, while keeping this trigger active for technical compliance, until the EC concludes with the assessment on the practical implementation of the SCP.

The Egmont Committee will appreciate your comments to this Memorandum by next 27 July (COB Ottawa). As always, no replies will be considered as tacit approvals to the above-mentioned recommendations.

Best, 

Egmont Group Secretariat