CAMS · Question #738
A Financial Intelligence Unit (FIU) in a country has received a SAR involving significant suspicious fund transfers, not only within its jurisdiction but also in a foreign country. Further…
The correct answer is D. Countries that are members of the Egmont Group can request assistance for information from. International cooperation is essential in AML investigations, and the Egmont Group facilitates FIU-to-FIU information sharing. Option D (Correct): Egmont Group members can request and share intelligence for AML investigations under established protocols.
Question
A Financial Intelligence Unit (FIU) in a country has received a SAR involving significant suspicious fund transfers, not only within its jurisdiction but also in a foreign country. Further information is required from the 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
(27 responses)- A4% (1)
- B7% (2)
- C19% (5)
- D70% (19)
Explanation
International cooperation is essential in AML investigations, and the Egmont Group facilitates FIU-to-FIU information sharing. Option D (Correct): Egmont Group members can request and share intelligence for AML investigations under established protocols.
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