Financial Intelligence Units
second gateway is the communication between FIUs who receive and
They then pass this information on to law enforcement and other
international FIUs. The Egmont Group is the body of FIUs and has over
100 members. 2003 FATF recommendations include specific
recommendations as to setting up and running an FIU.
FIUs need to both recognize the international need for FIUs and also
work within their local law enforcement and policy framework, set
their own priorities, objectives, within their budgets.
share information internationally using an MOU (Memorandum of
Understanding) which allows them to share intelligence (rather than
evidence per se). Key principles from the Egmont group:
Free exchange of
information, on the basis of reciprocity, including spontaneous
exchange of information.
offences that differ among jurisdictions should not be a barrier to
confidentiality of the data should be assured
exchange should be informal and rapid, without red tape, or
disseminate to law enforcement should be granted, provided it
doesn’t jeopardize a criminal investigation, is disproportionate
to the legitimate interests of a person or company in the providing
country, or is not in accordance with national law.
for information as soon as the precise need is identified
When an FIU has
information that could be useful to another FIU is should be shared
should be secure (Egmont Secure Web can use used)
Use the standard
form when requesting information, which includes details of relevant
reply within one week if they have the information, or there is a
legal reason why the information can’t be provided. If external
parties must be consulted (e.g. Banks) then the reply should be
within one month, containing all information obtained to date, and
an estimate of when it will be completely filled.
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