Under the Egmont Group Principles, information exchange among financial intelligence units (FlUs) should be conducted:

The correct answer is C. freely, spontaneously, and upon request, on the basis of reciprocity. Under the Egmont Group Principles, information exchange among financial intelligence units (FIUs) should be conducted freely, spontaneously, and upon request, on the basis of reciprocity. This means that FIUs should be willing to share information without the expectation of…

Conducting and Responding to Investigations

Question

Options

Awith set limits on the amount of financial and administrative information provided.
Bonly if the status of the foreign FIU is related to law enforcement.
Cfreely, spontaneously, and upon request, on the basis of reciprocity.
Dwithout the expectation of reciprocity on how the information will be used.

How the community answered

(54 responses)

A
7% (4)
B
4% (2)
C
76% (41)
D
13% (7)

Explanation

Under the Egmont Group Principles, information exchange among financial intelligence units (FIUs) should be conducted freely, spontaneously, and upon request, on the basis of reciprocity. This means that FIUs should be willing to share information without the expectation of reciprocity on how the information will be used. The goal is to facilitate the cooperation and exchange of information among FIUs to combat money laundering, terrorist financing, and other financial

Topics

#Egmont Group#FIUs#information sharing#reciprocity

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