AML INFORMATION EXCHANGE SYSTEMS DEEPEN AND BECOME MORE COMPLEX
September 30th, 2022
The exchange of intelligence is a key element of AML/CFT, with FATF’s recommendations 36 to 40 focusing on international cooperation. The Egmont Group of FIUs also continues to hone how it securely delivers exchanges of sensitive AML/CFT information between its 167 members. (1) This exchange is conducted via the Egmont Secure Web system, according to rules set by the group, which say that FIUs should not “place unreasonable or unduly restrictive conditions on exchanging information or providing assistance”, although they can refuse to transmit information ...
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