CAMS · Question #687
A Financial Intelligence Unit (FIU) in a country has received a Suspicious Activity Report (SAR) involving significant suspicious fund transfers, both domestically and internationally. The FIU…
The correct answer is D. Countries that are members of the Egmont Group can request assistance for information from. Cross-border AML investigations require cooperation through official channels, such as the Option D (Correct): The Egmont Group is an international network of FIUs that facilitates secure information exchange in financial crime investigations.
Question
A Financial Intelligence Unit (FIU) in a country has received a Suspicious Activity Report (SAR) involving significant suspicious fund transfers, both domestically and internationally. The FIU requires additional information from a foreign country to determine whether the matter needs to be referred for prosecution locally. Which of the following statements is true in this scenario?
Options
- ASovereignty of nations means that information cannot be accessed from foreign countries.
- BIt is against international laws on data protection to access information from foreign countries.
- CAny information related to money laundering can be received from any organization at any time,
- DCountries that are members of the Egmont Group can request assistance for information from
How the community answered
(48 responses)- A10% (5)
- B6% (3)
- C2% (1)
- D81% (39)
Explanation
Cross-border AML investigations require cooperation through official channels, such as the Option D (Correct): The Egmont Group is an international network of FIUs that facilitates secure information exchange in financial crime investigations.
Topics
Community Discussion
No community discussion yet for this question.