When a regulatory body requires international assistance in a money laundering inquiry, such assistance is typically obtained by

Question

Options

• AFiling a request under Egmont guidelines.
• BSubmitting a request for overseas assistance to the corresponding supervisory body.
• CContacting the Financial Action Task Force, Organization for Economic Co-operation and
• DCommunicating with the Head of Compliance for the financial institution.

• A
  84% (41)
• B
  4% (2)
• C
  2% (1)
• D
  10% (5)

Explanation

The Egmont Group of Financial Intelligence Units (FIUs) is a global network of FIUs that facilitates and promotes the exchange of information, knowledge, and cooperation among its members to combat money laundering, terrorist financing, and other financial crimes. The Egmont Group has developed operational guidance for international cooperation and information exchange among FIUs, which includes channels, procedures, and forms for making and receiving requests. Filing a request under Egmont guidelines is therefore a common and effective way for a regulatory body to obtain international assistance in a money laundering inquiry, as it ensures that the request is made through the appropriate and secure channel, and that it meets the standards and expectations of the requested FIU.

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