ACAMS
CAMS · Question #700
From an international standards perspective, both the EU and FATF consider data sharing a crucial component of effective anti-money laundering measures because data sharing:
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
From an international standards perspective, both the EU and FATF consider data sharing a crucial component of effective anti-money laundering measures because data sharing:
Options
- APromotes financial transparency and protects the integrity of financial systems.
- BAllows Financial Intelligence Units (FIUs) to enact sanctions against perpetrators of financial
- CHelps financial institutions to be more effective in fighting crime with data analysis.
- DNeeds to be approved by the FIU before sharing between financial institutions.
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Topics
#data sharing#FATF standards#EU AML#financial transparency